Viettel enjoys fastest subscriber growth period in Q1
The Viettel Military Industry and Telecoms Group attracted an additional 1 million 4G subscribers in the first quarter of 2019, marking the fastest growth of the firm so far.
Illustrative image (Source: Viettel)Hanoi (VNA) – The Viettel Military Industry and Telecoms Group attracted an additional 1 million 4G subscribers in the first quarter of 2019, marking the fastest growth of the firm so far.
According to statistics released by the Ministry of Information and Communications in late 2018, Viettel has nearly 17 million 4G subscribers, 1.3 times higher than the combined number of the other mobile telecommunications service suppliers in Vietnam.
The booming of 4G services and the rising data consuming trend have helped Viettel earn 54.4 trillion VND (2.33 billion USD) in the first three months of this year, with consolidated profit of 10.1 trillion VND (434.3 million USD).
Viettel plans to continue improving the quality of its 4G service in the second quarter by raising the number of base stations to 50,000, while striving to raise connection speed by 1.5 times.
Viettel will also pilot 5G services in Hanoi from May.-VNA
You should also see
Top 500 fastest growing enterprises 2024 announced
A ceremony to announce the list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 was held by the Vietnam Report JSC in collaboration with VietNamNet newspaper on April 25.
See more
Business
Petrovietnam posts 9-billion-USD revenue in Q1
The Vietnam National Oil and Gas Group (Petrovietnam) saw total estimated revenue of 231 trillion VND (9 billion USD) from production and business activities in the first quarter of 2024, exceeding the set quarterly plan by 33% and up 19% year-on-year, head a conference held by the group recently.
Business
Forum seeks to increase PPP investment effectiveness
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Business
Remittance inflows expected to quench real estate sector’s thirst for capital: Experts
Amid a “thirst” for capital of real estate businesses, the strong inflow of remittances is expected to heat up the market again, held insiders.
Business
Dong Nai province ready to ride Japanese investment wave
The southern province of Dong Nai stands ready to prepare the best conditions to welcome investors, especially those from Japan, Secretary of the provincial Party Committee Nguyen Hong Linh said on April 24.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
