Viettel listed among world’s 500 most valuable brands

The Vietnamese telecom brand’s value was estimated at US$4.316 billion (up 35.8% against the previous year), taking 478th position, its first time on the list.

Earlier, Viettel takes the lead in the list of top 50 most valuable brands in Viet Nam 2018 which was announced by Brand Finance last month.

The value of Viettel is attributed to its presence at 10 foreign markets. Accordingly, as many as five million subscribers have joined Mytel, a brand of Viettel in Myanmar after only six month-operation, making for 10% of the share market.

As of the second quarter of 2018, Bitel, a brand of Viettel in Peru has attracted 5.1 million subscribers, accounting for 13.5%. As of the end of June, 2018, three markets of Viettel in Laos, Cambodia, East Timor were subject to capital return and ranked first in the communication network.

Viettel has poured more than US$2 billion for overseas investment, of which 50% was disbursed, announcing the profit of US$516 million, accounting for 45% of the invested capital.

2018 was a successful year for Viettel as revenue from its overseas market grew by 20 %. The number of its subscribers was up 70% from the previous year, bringing US$240 million revenue to Viet Nam, increasing 3% from 2017.

Viettel heads to expand the investment market with the scale of 400-500 million subscribers and be listed among top 10 global telecommunications companies.

By Thuy Dung