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Viettel celebrates 30th anniverary

Released at: 10:58, 03/06/2019

Viettel celebrates 30th anniverary

PM Nguyen Xuan Phuc at the event (Photo: VGP)

Ceremony marking telecom giant's 30th birthday held on June 1.

by Linh Chi

The Viettel Military Industry and Telecoms Group (Viettel) held a ceremony marking its 30th anniversary in Hanoi on June 1, attended by Prime Minister Nguyen Xuan Phuc.

He was quoted by the Vietnam News Agency as saying he wants the country’s telecoms giant to strive to become one of the world’s ten largest by 2025.

The State believes in and entrusts Viettel with the task of leading the country in Industry 4.0.

He also said he hopes that, by 2045, Viettel would be among the world’s leading industrial high-tech manufacturers.

The Prime Minister emphasized that technology will be a key factor for Vietnam to avoid the middle-income trap and become a developed country, adding that innovation and invention is an inevitable path to becoming a powerful country.

He asked Viettel to fulfil its responsibilities as a main player in national digital transformation and to quickly deploy 5G technology and infrastructure to meet development opportunities in Industry 4.0.

The group is also tasked with developing the high-tech defense industry and manufacturing electronic and telecommunications equipment, especially network infrastructure equipment.

Prime Minister Phuc also presented an Independence Order, First Class, to Viettel.

Established in 1989 under the name Sigelco, the group has become one of the 30 largest telecommunications companies in the world and among the 500 most valuable brands globally after just 30 years.

During the last three decades, from its initial main business of construction and the installation of telecommunications projects, Viettel has developed five new industries: telecoms and information technology services, telecom electronics, defense, network security, and digital services.

It is considered one of the largest and most efficient State-owned enterprises in Vietnam.

Since 2000, it has posted more than VND334 trillion ($14.3 billion) in profit.

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