Revenue in the period rose 9.7 percent to VND8.6 trillion ($374 million) thanks to growth in its three markets of Southern Africa, Latin America and Southeast Asia despite Covid-19 impacts.
A total 51 percent of its revenue came from Southeast Asia, where its partner companies Viettel Myanmar, Star Telecom (Laos) and Metcom (Cambodia) saw double-digit growth in revenue.
However, Viettel Global posted a post-tax loss of VND123 billion ($5.3 million) in the second quarter alone, which it ascribed to major currency fluctuations in its markets caused by the pandemic.
Viettel Global was established in 2006 to spread military-run Viettel Group’s presence in foreign markets. It currently operates in Cambodia, Laos, Timor Leste, Mozambique, Burundi, Haiti, Peru, Cameroon, Tanzania and Myanmar.
- Viettel gets approval to establish subsidiaries in six countries
- Viettel should work towards higher standing in Asia: NA leader
- Viettel urged to maintain its lead in country’s telecom market
- Overseas investments a drain on state firms’ finances
- Viettel urged to make more breakthroughs
- Viettel to operate 1,000 new-technology BTSs in Hanoi by year’s end
- On August 4, Viettel Works closed the list of dividend payment in 2019, total ratio of 26%
- Vietnamese firms increase overseas investment
- Viettel among investors of new high-speed under-sea cable ADC