Speaking at a ceremony marking the 30th anniversary of the Vietnamese telecom giant's foundation in Hanoi on June 1, the Prime Minister said the group is tasked by the Party, State, Government and Defense Ministry to take the lead in the 4th Industrial Revolution (4IR).

Founded in 1989 and initially named Sigelco, the group has now become one of the 30 largest telecommunications companies, and among the 500 most valuable brands in the world, after just 30 years of development.

PM Nguyen Xuan Phuc reviews the guards-of-honor of the Vietnam People’s Army
PM Nguyen Xuan Phuc addresses the event

In his remarks, PM Phuc stressed that by 2045, Viettel should be among the world's leading industrial high-tech manufacturers.

The PM said that technology will be key to Vietnam's development, helps the country avoid the middle-income trap and become a developed country, adding that innovation and invention is the inevitable path to become a powerful country.

Viettel’s Chairman and General Director delivers a speech at the event
PM Nguyen Xuan Phuc presents the order to Viettel

He asked Viettel to serve as a main player in the national digital transformation, while quickly deploying 5G technology and infrastructure for the country is able to capture development opportunities in the 4IR.

The group is also tasked with developing high-tech defence industry and manufacturing electronic and telecommunications equipment, especially network infrastructure equipment.

On the occasion, PM Phuc presented the Independence Order, first class, to Viettel.

PM Nguyen Xuan Phuc visits a Viettel booth at the event

Over the last three decades, from its initial main business of construction and installation of telecommunications projects, Viettel has developed five new industries, including telecoms and information technology services, telecom electronics, defence industry, network security and  digital services.

It is considered as one of the largest and most efficient state-owned enterprises in Vietnam.

Since 2000, Viettel has earned more than 1.78 quadrillion VND in revenue; and 334 trillion VND in profit. It has spent 3.5 trillion VND for social welfare activities.

Translated by Chung Anh