Viettel paid the State budget more than 42.6 trillion VND

At the military-political conference, summarizing the year 2024 on January 3, the Military Industry - Telecommunications Group (Viettel) officially announced the economic targets achieved in 2024. Accordingly, Viettel paid the State budget 42,600 billion VND, an increase of 12.3%.

Viettel's consolidated revenue in 2024 is VND 190,000 billion, completing 103% of the plan, growing by 10.3% - the highest growth rate in the industry. Pre-tax profit is VND 51,000 billion, reaching 111% of the plan, growing by 11.3%. Viettel pays VND 42,600 billion to the State budget, up 12.3%. Average income of officers and employees in the whole Group increases by 6%. Growth momentum comes from maintaining domestic telecommunications growth, developing international business, successfully researching, manufacturing and commercializing high-tech products, developing logistics, cybersecurity, AI and digital technology. Continuing to grow telecommunications when the market is saturated Viettel has successfully converted 6.5 million 2G subscribers to 4G before stopping providing 2G Only service in just 10 months - a result that many other networks in the world need 3 years. At the same time, Viettel also installed more than 6,000 BTS stations to expand 4G coverage, ensuring connectivity for all Vietnamese people equivalent to 2G coverage. Continuing to face political instability, high inflation, exchange rate fluctuations..., Viettel's service revenue from international markets in 2024 still increased by 17.3%, contributing 80% to the overall growth of the whole Group and 7 times higher than the world average. This is the 8th consecutive year that Viettel's foreign market segment has grown by double digits. Movitel has taken the lead in Mozambique, bringing Viettel to the No. 1 position in market share in 7 foreign markets. Cash flow transferred back to the country was 467 million USD, exceeding the annual plan. Viettel has repaid capital in 5 markets. Viettel's return on investment abroad reached 85%, ahead of schedule. Viettel has also officially launched 5G services in Peru and Laos. In Burundi, Viettel is the first and only network operator licensed by the Government to provide free 5G testing frequencies. In addition to the telecommunications sector, Viettel has expanded its business to many other services in foreign markets: e-wallet services with nearly 33 million subscribers; delivery services in Laos, Cambodia, Myanmar; and network security services in 11 countries.

At the end of 2024, Viettel will officially implement logistics automation solutions and open Vietnam's first Logistics Park in Lang Son - Photo: VGP/MT

Pioneering in building Vietnam's digital infrastructure With the operation of the largest and most modern Viettel Hoa Lac Data Center in Vietnam, Viettel currently operates 14 data centers with 230,000 servers, 81,000 m2 of floor space, 11,500 racks, 87 MW of electricity, leading the market in data storage and cloud computing. Viettel continues to affirm its pioneering position in technology as the first enterprise to officially operate the 5G network with the largest coverage in Vietnam, reaching 95% of the capitals of all provinces and cities. Viettel is in the top 5% of network operators in the world with the most modern 5G architecture. In 2025, Viettel will develop 12,000 new 5G stations in Vietnam. The Group also put into operation the ADC submarine cable connecting China, Japan and Southeast Asian countries, with the largest international connection capacity in Vietnam. To date, Viettel has 5 submarine optical cable lines and 360,000 km of optical cable, leading in submarine optical cable infrastructure and planning to open another Vietnam - Singapore submarine optical cable line. In 2024, Viettel will officially implement logistics automation solutions and open Vietnam's first logistics park in Lang Son. In the coming time, Viettel will continue to complete the network of logistics centers nationwide, serving key economic regions. Participating in many important national digital transformation tasks Viettel's information technology solutions sector will grow by 38% in 2024, accounting for 40% of total revenue, holding the number one market share in the public investment sector. Viettel continues to participate in many important national digital transformation tasks. In the field of cybersecurity, Viettel won the championship twice in a row at the world's largest and most prestigious tournament Pwn2Own 2024, continuing to affirm its pioneering role in the field of cybersecurity in Vietnam and reaching international standards.

Viettel has signed many contracts and cooperation agreements with international partners on providing 5G infrastructure - Photo: VGP/MT

Contributing to national defense potential and exporting high technology In the field of high-tech industry, Viettel completed the tasks of Project A1, exceeding the set target. The products of the project have been applied and put into equipment to effectively serve training and combat readiness tasks, contributing to modernizing the army, enhancing defense capabilities, and protecting the Fatherland. In addition, Viettel successfully tested and accepted many strategic weapons, ready for mass production and widespread equipment for the Ministry of National Defense. In 2024, Viettel signed contracts to export radar and training simulation systems to Malaysia and the Philippines, and exported 5G equipment to India and 9 Middle Eastern countries, realizing the vision of a global technology corporation. In 2024, Viettel implemented many meaningful social security programs nationwide, with a total funding of more than 530 billion VND, focusing on many areas such as education, healthcare, poverty reduction, natural disaster relief, etc., affirming the philosophy of "Business associated with social responsibility" that Viettel has pursued for many years. During the year, in recognition of Viettel's efforts, the President awarded the title of Hero of the People's Armed Forces to Viettel Aerospace Institute; Hero of Labor to Viettel Construction Joint Stock Corporation. Speaking at the conference, Major General Tao Duc Thang, Chairman and General Director of the Group emphasized: "Looking back at these achievements, we realize that this success does not come from luck, but from the resonance from the attention of the leaders of the Party, State, and Ministry of National Defense; from the foundation left by previous generations; from the determination and responsibility of the current generation. The effort and dedication does not stop at the commitment of an individual but it is the common spirit of the whole collective. This is what I always appreciate because it is the collective strength that has helped the Group's Board of Directors continue to lead Viettel to success, each year better than the previous year and realize the set goals, many of which have been completed earlier than expected". Source: https://baochinhphu.vn/viettel-nop-ngan-sach-nha-nuoc-hon-44300-ty-dong-102250104132129723.htm