On behalf of Viettel’s leadership, Viettel’s Chairman and General Director Major General Tao Duc Thang briefed the Minister of National Defense on the group’s performance in 2024. Viettel achieved consolidated revenue of VND 190 trillion, 103% of the target, marking a 10.3% growth. The pre-tax profit reached VND 51 trillion, 111% of the target, with an 11.3% increase. Viettel contributed VND 42.6 trillion to the state budget, a 12.3% increase. The average income of the company’s employees grew by 6%.
    |
 |
|
Viettel’s leadership welcomes General Phan Van Giang and the visiting delegation. |
Despite global political instability, high inflation, and currency fluctuations, Viettel’s revenue from international markets increased by 17.3% in 2024, contributing 80% to the group’s overall growth. This marks the eighth consecutive year that Viettel’s international market has seen double-digit growth. Movitel has become a leader in Mozambique, securing Viettel’s number-one position in market share across seven foreign markets. Viettel has also launched the ADC undersea cable system, connecting China, Japan, and Southeast Asia, which is the largest international connection capacity in Vietnam. With five undersea cables and 360,000 kilometers of optical fiber, Viettel leads the undersea cable infrastructure sector and plans to open a new undersea cable route between Vietnam and Singapore.
In addition to its business activities, Viettel has launched significant social welfare programs across the country, with a total funding of over VND 530 billion, focusing on education, healthcare, poverty reduction, and disaster relief. This included VND 100 billion in support for those affected by Typhoon Yagi and VND 240 billion to assist 4,000 poor households in the Government and Ministry of National Defense’s program on eliminating temporary and dilapidated housing.
In recognition of its efforts, the State President presented Viettel’s Aerospace Institute with the title of "Hero of the People’s Armed Forces," and Viettel Construction Corporation with the title of "Labor Hero.”
|
|
 |
|
Defense Minister Phan Van Giang and the working delegation checking the group |
During the meeting, General Giang commended and praised Viettel’s outstanding results in fulfilling both military and defense duties as well as its business operations. These results reflected the dedication, expertise, wisdom, and creativity of Viettel’s officers, engineers, and staff.
Regarding duties in 2025, the Defense Minister emphasized the fiercer competition and urged the company’s employees to maintain their dynamism and creativity. Viettel should focus on researching and developing high-tech products that meet the specific needs of the military.
General Giang also called for continuous innovation in business strategies, with a focus on promoting production, maintaining and expanding markets, and ensuring products for training and combat readiness activities in the entire military. He stressed the importance of building workforce, especially at leadership levels, adhering to principles of democratic centralism, and building healthy and strong Party organizations.
On the occasion of the lunar New Year 2025, General Giang wished Viettel’s officers, engineers, staff, and workers a year of acceleration, breakthroughs, and successful fulfillment of tasks. He expressed confidence that Viettel, with its high sense of responsibility and resilience, would continue to achieve even greater successes, contributing to building a revolutionary, regular, elite, and modernized Vietnam People’s Army.
Translated by Tran Hoai