Vietnam’s telecom sector sees growth

15:14 | 17/03/2016 Science - Technology

Three domestic telecom companies are reported to have registered high growth and revenue in February this year.

Vietnam’s telecom sector sees growth

A Mobiphone employee instructs a man on how to use 3G services. Mobiphone and two other domestic telecom providers posted high growth and revenue in February — VNA/VNS Photo

The information was released at a meeting conducted by the Ministry of Information and Communications in Ha Noi early this month.

In the first two months of this year, VNPT completed 15.7 per cent of its sales target in 2016, with a growth rate of 9.2 per cent against the same period last year. The group also saw a profit growth of 20.2 per cent compared to the same period last year.

Besides, VNPT has so far completed restructuring and handed over its assets to its corporations. Currently the corporation has been operating under the new mechanism.

According to Mobifone's chairman Le Nam Tra, along with the growth in new subscribers, Mobifone last year earned a revenue of VND2.6 trillion (USVND2,563,638 million) or a year-on-year increase of 29 per cent. MobiFone last year developed the highest number of new subscribers, with 15 million, up by nearly 54 per cent compared with 2014.

Mobifone has submitted its pestment plan to the State Securities Commission (SSC). It is expected that between April and May this year, the plan will be approved by the SSC.

Currently, Mobifone has developed a television service in line with its management system. In January, Mobifone, Viet Nam's second largest mobile network operator, acquired 95 per cent of stake in Audio Visual Global JSC (AVG)...

According to Do Minh Phuong, deputy general director of Viettel Telecoms, in February, Viettel telecom reached total revenue of VND18 trillion. Of this figure, VND12 trillion is from local market and VND1.9 trillion is from abroad. It is expected to earn a profit of VND3 trillion in February.

Phuong also told participants about the success of its maiden participation in the Mobile World Congress 2016 (MWC 2016) that took place in Barcelona, Spain, from February 22 to February 25.

Viettel also operates in 10 countries in Asia, Africa and America, and set significant records../.


Source: VNS