Business results of the three "giants" in the telecommunications industry, Viettel, MobiFone, and VNPT, all show that 2024 will be a year of effective business and great profits.
Viettel's record profit of nearly 2 billion USD in 2024, average employee income increased by 6% - Photo: Viettel
Viettel's profit hits record high, MobiFone's profit increases sharply, what about VNPT?
A report from the State Capital Management Committee at Enterprises said that MobiFone Telecommunications Corporation's consolidated pre-tax profit in 2024 is estimated at VND2,048 billion, exceeding the annual plan by 20.6%.
The report also pointed out that MobiFone has many new Make in MobiFone space products that have achieved National Product Brand, notably the online meeting platform MobiFone Meet.
At Vietnam Posts and Telecommunications Group (VNPT), information from the enterprise shows that the total revenue of the whole group reached 58,540 billion VND last year. Of which, the revenue of the parent company VNPT reached 41,995 billion VND, reaching 100.1% of the plan, up 7% over the same period in 2023.
In 2024, VNPT's consolidated pre-tax profit reached VND 6,086 billion, of which the parent company's pre-tax profit reached VND 4,565 billion, reaching 103.3% of the plan, up 3% over the same period in 2023.
Data: Financial statements, TTO
VNPT leaders commented that the 7% revenue growth, although modest, is "valuable" in the context of an increasingly challenging market with many changes in market management policies, policies to stop developing new SIM cards through agents, and public spending on digital transformation projects showing signs of slowing down...
The bright picture is also recorded at the Military Industry - Telecommunications Group (Viettel) with a record profit just set.
Specifically, information just announced by the Military Industry - Telecommunications Group (Viettel), consolidated revenue in 2024 reached 190,000 billion VND, completing 103% of the plan, growing 10.3% - the highest growth rate in the industry. Pre-tax profit was 51,000 billion VND (about 2 billion USD), reaching 111% of the plan, growing 11.3%.
Notably, according to Viettel, domestic telecommunications continue to grow while the market is saturated.
Data: Financial statements, TTO
Viettel has big profits, average employee income is also huge
In addition to business results, Viettel also revealed that the average income of employees in the entire group increased by 6%.
Previously, according to Viettel's 2023 report, the average income at parent company Viettel reached 45.42 million VND/person/month (545 million VND for the whole year), while the whole group was 30.63 million VND/person/month.
Thus, with a growth rate of 6%, the estimated average income in 2024 of Viettel's parent company employees will reach 48.14 million VND/person/month and more than 32.46 million VND/person/month in the entire group.
At MobiFone, information from the corporation itself at the press conference announcing the list of 67 "Outstanding Enterprises for Employees" in 2024, said that with an increasingly expanding workforce (currently up to more than 4,000 employees), the average income per person is up to 480 million VND per year (40 million VND per month).
The average income of employees of large telecommunications companies in Vietnam is the "dream" of many workers. Even compared to many banks - an industry that often ranks "top" in income rankings, the above figures of Viettel and MobiFone are still "way ahead".
According to data from the bank's financial report, in the first 9 months of 2024, Techcombank was the bank paying the highest average employee income at 49 million VND/person/month.
Meanwhile, at Vietcombank - a Big4 bank famous for its good treatment, holding the "runner-up" position in terms of income, it spent more than VND 8,800 billion on 23,989 employees in the first 9 months of the year, meaning each person received an average of about VND 40 million...
These are two banks that pay the highest income in the banking system, while the vast majority only record 20-30 million VND per month. For example, PGBank, employees received an average income of 24 million/month in the first 9 months of this year...
Source: https://tuoitre.vn/bo-ba-vietel-mobifone-vnpt-lai-lon-he-lo-thu-nhap-nhan-vien-bo-xa-nhieu-ngan-hang-20250105203511531.htm
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