Previously, NWC had conducted multiple meetings with VMC, expressing confidence in its manufacturing and research capabilities. NWC chose Viettel's corporation as its first long-term partner in Vietnam, citing VMC's advantageous geographical location and strong production capacity, particularly in light of global supply chain disruptions. North American and European markets, which impose strict requirements on product origin, are key targets for this partnership, especially as the telecommunications industry transitions to 5G technology.
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The Viettel Manufacturing Corporation and the Network Cable Co., Ltd. sign a cooperation agreement. |
Under the agreement, VMC will manufacture and supply 60,000 to 100,000 kms of optical fiber cables annually, generating a revenue of USD 4 to 7 million per year. These products will serve both defense and civilian needs in North America and Europe. Additionally, the two companies discussed developing new telecommunications accessory products to meet market demands.
Currently, VMC is Vietnam’s leading optical fiber manufacturer, exporting to three continents: Asia, Europe, and the Americas. Its annual revenue from optical fiber cables and telecommunications accessories reaches approximately VND 1,000 billion.
In pursuit of international business objectives, VMC not only focuses on electronics research and precision engineering but also develops dual-use products and expands its portfolio of civilian products.
At the same exhibition, VMC signed strategic cooperation agreements with France’s Advanced Business Events (ABE) and Canada’s 3 Points Aviation to participate in the aerospace product supply chain.
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Viettel Manufacturing Corporation signs a strategic cooperation agreement with France’s Advanced Business Events (ABE). |
Under the agreement with ABE, a company with 30 years of experience in Europe, Viettel will be connected with reputable partners in the aerospace sector. ABE is committed to promoting Viettel's products in North American and European markets, contributing to the development of Vietnam's civil aviation industry.
Through its partnership with 3 Points Aviation, VMC has secured its first two contracts to machine and surface-treat precision mechanical components for civil aviation in Canada.
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Viettel Manufacturing Corporation and Canada’s 3 Points Aviation signs a strategic cooperation agreement to develop an aerospace product supply network. |
The agreements with ABE and 3 Points Aviation represent a significant step forward for Viettel, positioning it as a Tier 1 supplier (direct supplier within the supply chain) for major global corporations such as Airbus, Safran, and Boeing. Viettel aims to expand its business capabilities into the significant markets of Europe and North America, further solidifying its international presence.
Translated by Chung Anh