Published:  12:53 AM, 18 July 2017

Vietnam's telecoms firms make profits

Vietnam's Viettel, VNPT and MobiFone reported considerable revenues and profits in the first half of this year, and the military-run Viettel is expanding its services abroad, the Vietnam Telecommunic-ations Authority said on Monday.
In the first six-month period, the Vietnam Posts and Telecommunications Group (VNPT) made revenues of 68,000 billion Vietnamese dong (over 3 billion US dollars), up 6 percent on-year, reports Xinhua.

Meanwhile, the state-owned group reaped profits of 2,390 billion Vietnamese dong (105.8 million US dollars), up 15.5 percent.  VNPT said it is installing 30,000 third-generation and fourth-generation base transceiver stations this year.  From January to June, MobiFone gained revenues of 21,274 billion Vietnamese dong (941.3 million US dollars), and profits of 2,600 billion Vietnamese dong (115 million US dollars).

Meanwhile, the Vietnam Military Telecommuni-cations Group (Viettel), the country's biggest mobile network operator, reported revenues of 117,714 billion Vietnamese dong (5.2 billion US dollars), and profits of 21,471 billion Vietnamese dong (950 million US dollars).

Viettel, which currently has 61 million mobile phone subscribers in Vietnam and over 30 million others in foreign countries including Timor-Leste, Mozam-bique, Cameroon and Peru, plans to launch telecommunications services in Myanmar late this year or early next year, the military-run firm announced on Monday.

By the end of May, Vietnam, with a population of some 95 million, had 15.3 million fixed phone subscribers, and 119.7 million mobile ones, said the authority under the Ministry of Information and Communications.

-AA Business Desk

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