Viettel ranks first on Profit500

November 29, 2017 | 13:57

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Viettel ranked first among the top 500 Vietnamese firms reporting the highest profit in 2017 (Profit500), according to an evaluation conducted by Vietnam Report JSC (Vietnam Report) and vietnamnet.vn.

Viettel has invested in 11 foreign markets so far

The Profit500 ranking has been built based on pre-tax profit, revenue, and the indexes of return on assets, return on equity, and rate of return.

Besides, Viettel ranks first in the top 1,000 Vietnamese enterprises paying the largest corporate income tax, as published by the General Department of Taxation and the Ministry of Finance.

Accordingly, in the first six months of this year, Viettel reported a total revenue of VND118 trillion ($5.19 billion) and a pre-tax profit of VND21.67 trillion ($953.95 million), reaching 100.1 per cent of its targets for the whole year.

Besides, in April, Viettel officially became the first telecommunication services provider in Vietnam to supply 4G services. It is also one of the 60 telecommunication services providers on the world to use 4-transmit-4-receiver (4T4R) technology for its 4G services, increasing coverage 1.4 times and doubling download speeds in comparison with the currently popular 2T2R technology.

It currently has 36,000 4G Base Transceiver Stations (BTSs) nationwide that can cover 95 per cent of the country’s population.

Viettel successfully deployed its third online billing system named vOCS v.3.0 and put it into operation successfully for 90 million subscribers in Vietnam and five overseas markets.

Furthermore, Viettel became a rare telecommunication services provider on the world by producing a real-time billing system, which is comparable to Core Banking in the banking system, but with more complexity and a larger scale.

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