Viettel tops list of 50 most valuable Vietnam brands
The military-run telecom group Viettel ranks first out of the 50 most valuable brands listed on the Vietnamese stock market, as released by the UK-based Brand Finance.
Viettel tops list of 50 most valuable Vietnam brands.
Accordingly, the group is valued at nearly USD 2.6 billion, nearly triple the figure of last year, followed by dairy giant Vinamilk (USD 1.4 billion) and the Vietnam Post and Telecommunications Group-VNPT (USD 726 million).
The aggregate value of those 50 brands is about USD 11.3 billion, an increase of 32 per cent year-on-year.
Previously, Viettel stood on top of the list of the 1,000 most profitable companies and 1,000 largest corporate taxpayers in Vietnam.
In the first half of this year, the group’s total revenues reached VND 118 trillion (USD 5.18 billion) with a pretax profit of VND 21.67 trillion, double the yearly targets.
In April, Viettel became the first telecom provider to launch the 4G service in Vietnam. It also has the largest 4G infrastructure in Vietnam with 36,000 base transceiver stations (BTSs), accounting for 72 per cent of the country’s total number of BTSs.
In the realm of research and development, it has announced the successful development of an online charging service called vOCS 3.0 – the first of its kind in Vietnam. The system can serve 24 million subscribers per site – the largest number globally – while other OCSs can only serve 12 million subscribers per site. vOCS 3.0 was transferred to over 90 million subscribers in Vietnam and five other markets.
The OCS is considered the most important tool for a telecom service provider because it contains all customer consumption data, business policies, products and services.