Accordingly, Viettel Global - a branch of the Military-Run Industry and Telecommunication Group (Viettel) - plans to raise its charter capital to VND 30.43 trillion by issuing 800 million shares at a price of VND 10,000 each, which will be used for investment by 2020. Buyers cannot transfer the shares for one year.

Mytel was launched in Myanmar

Besides, the shareholders approved Le Dang Dung as Chairman of the Board of Directors of Viettel Global, while discussing candidates for the position of Director General. At present, Dung holds both.

In 2017, Viettel Global reached the total turnover of VND 19 trillion, an increase of 24 percent against the previous year.

This year, Viettel Global continues to expand its overseas operations in ASEAN member countries as well as other nations with a similar population as Vietnam. It targets to lift the number of subscribers by 10-15 percent higher year-on-year and rank among the top ten global telecom enterprises.

Viettel has so far invested more than US$ 2 billion in overseas markets, of which US$ 1.19 billion has been disbursed. The group earned US$ 516 million in profit, equivalent to 45 per cent of its total investment. All markets where Viettel has been operating for more than three years have reported increasing revenue and profit. Of which, 60 percent of the markets reports two-digit revenue, including Cameroon (103 percent), Mozambique (79 percent), and Peru (37 percent), among others.

Translated by Minh Anh