Over the past time, together with overcoming difficulties caused by the COVID-19 pandemic and other situations, personnel of military businesses have tried their best to uphold their vanguard role in different services, helping the country overcome challenges and prepare for a new growth period.

An aerial photo of Ialy Hydropower Plant (Photo: nangluongvietnam)

In the construction sector, Lung Lo Construction Corporation has been considered one of the leading military enterprises undertaking many projects. As the end of the year is drawing near, engineers and workers of the corporation are racing against time to complete the expansion project of Ialy Hydropower Plant as planned. Once completed, the expansion project will contribute to raising capacity of loads in southern region, improving the electricity system’s operating condition, and reducing production cost.   

According to Deputy General Director of Lung Lo Construction Corporation Colonel Hoang Long, despite the difficulties caused by the COVID-19 pandemic and procedures related to preparation, the progress of the project is still about one to two months ahead of schedule.

In addition, thanks to its personnel’s rich experience and modern technologies and machines, the corporation has ensured the quality of the project and absolute safety for the available hydropower plant.

Apart from joining large-scale infrastructure projects, military businesses have effectively detected and cleared unexploded ordnance (UXO). One of the largest projects carried out by military businesses in 2021 is the UXO clearance for the construction of Long Thanh International Airport in Dong Nai province.

The project has involved Lung Lo Construction Corporation, Truong Son Construction Corporation under Army Corps 12, and Thanh An Corporation under Army Corps 11. So far, the businesses have completed the clearance of all 1,300 hectare of land for the construction of the airport.

As Long Thanh International Airport is the nation’s key project, the clearance of UXO is of paramount importance. It contributes to ensuring safety during the construction and operation of the project.

Viettel deploys 5G network

Regarding telecommunications field, the Military Industry-Telecoms Group (Viettel) has been considered a leading business in carrying out “Make in Vietnam” and national digital transformation strategies.

Over the past time, the military business has contributed to the application of digital technologies to such fields as healthcare, education, smart transport, and e-commerce, among others. 

More especially, as the COVID-19 pandemic is raging the country, Viettel has been a vanguard unit in applying technologies to dealing with the nation’s issues. In particular, a series of solutions, including remote healthcare and treatment system (Telehealth), Vietnam Health Declaration, national infectious disease surveillance system, national COVID-19 vaccination management system, have been developed and put into operation by Viettel. So far, the business has completed six platforms for digital society, namely digital infrastructure, digital solutions, digital finance, digital content, cyber security, and high-tech production.

According to the United States Patent and Trademark Office, Viettel is a Vietnamese high-tech industrial enterprise with the largest number of exclusive U.S. patents. By the end of September 2021, Viettel had 44 patents granted in Vietnam and seven granted in the U.S. Viettel is also the only company in the world that both owns a network and studies and develops telecommunications equipment.

Moreover, by successfully conducting the first 5G video call using its own gNodeB transceiver, Viettel has put Vietnam in the list of six countries having 5G technology. According to Clarivate, a global leader in providing trusted insights and analytics about quality of research and innovation, Viettel is the most influential Vietnamese enterprise in terms of innovation in South Asia and Southeast Asia in 2021.

Of top 50 most valuable brand names in Vietnam (Vietnam 50), evaluated by Brand Finance, the world's leading brand valuation consultancy, Viettel ranks first in the list with an estimated brand value of about USD 6 billion. 2021 is the sixth consecutive year that the military business holds the position. 

Brand Finance’s ranking also reveals that Viettel’s brand value accounts for 33% of the total value of top 10 brands in Vietnam. Earlier, the business was listed among 500 most valuable brand names in the world and the only telecoms in Southeast Asia named in the list. 

As the COVID-19 pandemic is causing huge challenges in all aspects, including the socio-economic development, military businesses must try harder to overcome difficulties. Amid the hard time, the development of brand names, including Viettel, has been considered one of the highlights in the country’s economy, contributing to affirming the vanguard role of military giants.

Translated by Tran Hoai