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The single pre-tax profit of Viettel Global in Myanmar was nearly VND 1.8 trillion

Particularly, the pre-tax profit of Viettel Global last year reached VND 2,154 billion, compared to a loss of VND 150 billion in 2018.

This impressive growth mainly came from the stable operations of the company’s mobile network in Myanmar. The single pre-tax profit of Viettel Global in Myanmar was nearly VND 1.8 trillion.

In addition, Viettel Global’s other overseas affiliates also posted good business results in 2019 in the context that the growth of the global telecoms industry has been declining to low-single-digit percentages (under 4%).

Thanks to these positive business outcomes, Viettel Global’s VGI share value almost doubled in 2019.

At this point, its share is at around VND 26.000-27.000 per share, which makes Viettel Global valued at over VND 80 trillion.

As of December 31, 2019, Viettel Global’s total assets and equity were VND 61.8 trillion and VND 25.12 trillion, respectively.

Translated by Khanh Ngan