Viettel paid the State budget more than 42.6 trillion VND

At the Military-Political Conference summarizing the year 2024 on January 3rd, the Military Industry and Telecommunications Group ( Viettel ) officially announced the economic targets achieved in 2024. Accordingly, Viettel contributed 42,600 billion VND to the State budget, an increase of 12.3%.

Viettel's consolidated revenue in 2024 reached VND 190,000 billion, achieving 103% of the plan and growing by 10.3% – the highest growth rate in the industry. Pre-tax profit reached VND 51,000 billion, achieving 111% of the plan and growing by 11.3%. Viettel contributed VND 42,600 billion to the State budget, an increase of 12.3%. The average income of employees throughout the Group increased by 6%. The growth drivers came from maintaining domestic telecommunications growth, developing international business, successfully researching, producing and commercializing high-tech products, and developing logistics, cybersecurity, AI, and digital technology . Continuing its telecommunications growth amidst market saturation, Viettel successfully converted 6.5 million 2G subscribers to 4G before discontinuing its 2G-Only service in just 10 months – an achievement that many other carriers worldwide needed three years to accomplish. Simultaneously, Viettel installed over 6,000 additional BTS stations, expanding 4G coverage and ensuring connectivity for all Vietnamese citizens, equivalent to the 2G coverage. Despite facing political instability, high inflation, and exchange rate fluctuations, Viettel's service revenue from international markets in 2024 still increased by 17.3%, contributing 80% to the Group's overall growth and exceeding the global average by more than seven times. This marks the eighth consecutive year of double-digit growth for Viettel's overseas markets. Movitel has risen to the top in Mozambique, securing Viettel's number one market share position in seven overseas markets. Repatriation of funds to Vietnam reached US$467 million, exceeding the annual plan. Viettel has recouped its investment in 5 markets. Viettel's overseas investment return rate 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 to be granted free 5G trial frequency by the government. Besides telecommunications, Viettel has expanded its business to include many other services in overseas markets: e-wallet services with nearly 33 million subscribers; delivery services in Laos, Cambodia, and Myanmar; and cybersecurity services in 11 countries.

At the end of 2024, Viettel officially implemented its logistics automation solution and inaugurated Vietnam's first Logistics Park in Lang Son - Photo: VGP/MT

Pioneering the construction of Vietnam's digital infrastructure: With the commissioning of the largest and most modern Viettel Hoa Lac Data Center in Vietnam, Viettel now operates 14 data centers with 230,000 servers, 81,000 m2 of floor space, 11,500 racks, and 87 MW of power, leading the market in data storage and cloud computing. Viettel continues to affirm its pioneering role in technology by being the first enterprise to officially operate a 5G network with the largest coverage in Vietnam, reaching 95% of the capitals of all provinces and cities. Viettel is among the top 5% of network operators worldwide with the most modern 5G architecture. In 2025, Viettel plans to develop 12,000 new 5G base stations in Vietnam. The group has also put into operation the ADC submarine fiber optic cable connecting China, Japan, and Southeast Asian countries, with the largest international connectivity capacity in Vietnam. To date, Viettel has 5 submarine fiber optic cable routes and 360,000 km of fiber optic cable, leading in submarine fiber optic cable infrastructure and planning to open an additional Vietnam-Singapore submarine fiber optic cable route. In 2024, Viettel officially implemented logistics automation solutions and inaugurated Vietnam's first logistics park in Lang Son. In the future, Viettel will continue to improve its network of logistics centers nationwide, serving key economic regions. Viettel participates in many important national digital transformation tasks. Viettel's information technology solutions sector grew by 38% in 2024, accounting for 40% of total revenue and maintaining the number one market share in public investment. 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 Pwn2Own 2024 tournament, further affirming its pioneering role in Vietnam's cybersecurity field and expanding its reach internationally.

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

Contributing to national defense potential and exporting high-tech products: In the high-tech industry sector, Viettel completed Project A1 exceeding its set targets. The project's products have been applied and deployed effectively to serve training and combat readiness missions, contributing to the modernization of the military and strengthening national defense capabilities. Furthermore, Viettel successfully tested and accepted many strategic weapons, preparing for mass production and widespread deployment to the Ministry of National Defense . In 2024, Viettel signed export agreements for radar and training simulation systems with Malaysia and the Philippines, and exported 5G equipment to India and nine Middle Eastern countries, realizing its vision of becoming a global technology corporation. In 2024, Viettel implemented numerous social welfare programs with profound humanitarian significance nationwide, with a total sponsorship of over 530 billion VND, focusing on areas such as education, healthcare, poverty reduction, and disaster relief, affirming the philosophy of "Business linked with social responsibility" that Viettel has pursued for many years. During the year, in recognition of Viettel's efforts, the President of Vietnam awarded the title of Hero of the People's Armed Forces to the Viettel Aerospace Institute; and the title of Hero of Labor to Viettel Construction Joint Stock Company. 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 did not come from luck, but from the combined efforts of the attention of the Party, State, and Ministry of National Defense leaders; from the foundation left by previous generations; and from the determination and responsibility of the current generation. The dedicated efforts are not just the commitment of an individual, but the shared spirit of the entire collective. This is something I always cherish because it is this collective strength that has helped the Group's leadership continue to lead Viettel to success, each year better than the last, and realize the set goals, many of which have been completed ahead of schedule." Source: https://baochinhphu.vn/viettel-nop-ngan-sach-nha-nuoc-hon-44300-ty-dong-102250104132129723.htm