Viettel

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Viettel Military Industry and Telecoms Group (DBA Viettel Group; Vietnamese: Tập đoàn Công nghiệp - Viễn thông Quân đội, lit. 'the Army Industry - Telecommunications Group') is a Vietnamese state-owned multinational telecommunications, technology and manufacturing conglomerate headquartered in Hanoi, Vietnam. The enterprise is under the direct administration of the Vietnam Ministry of National Defence, making it a military enterprise and officially a major production unit under the Vietnam People's Army. Viettel Group's affiliate Viettel Telecom is currently the network operator with the largest market share in the Vietnamese telecommunications services market. For 30 years, Viettel has grown from a construction company to a complex of five business lines including telecommunications and information technology (IT); research and manufacture of electronic and telecommunications equipment; defense industry, as well as cyber security and digital services. Viettel is one of the largest state-owned enterprises of Vietnam. Since 2000, Viettel has earned VND 1.78 quadrillion of revenue whereas its profit, owner's equity and return on equity reached VND 334 trillion, VND 134 trillion and 30%-40%, respectively. Viettel has spent VND 3,500 billion in CSR activities. Besides its civilian telecommunications sector, its subsidiaries Viettel High Tech and Viettel Aerospace Institute have been involved in developing, producing and supplying the Vietnam People's Army with many indigenous products and armaments such as military communication devices, military drones, surveillance radars, and missiles. As of 2018, Viettel had 50,000 employees inside and outside the country, and served 110 million subscribers.