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Viettel leads way in 9M ICT growth

Released at: 20:27, 05/10/2016

Viettel leads way in 9M ICT growth

Photo: Duc Thanh

Five ICT companies record high growth in revenue and profit in first nine months.

by Do Huong

Five companies in the information and communications technology (ICT) industry recorded high growth in revenue and profit in the first nine months of 2016.

Viettel led in turnover and profit, followed by the Vietnam Posts and Telecommunications Group (VNPT), MobiFone, VTC, and the Vietnam Post Corporation (VietnamPost).

Mr. Hoang Son, Deputy General Director of Viettel, said it earned VND172 trillion ($8 billion) in revenue during the period, equal to 72 per cent of its annual plan, while profit was VND32.4 billion ($1.4 billion).

Subscriber numbers in nine countries around the world totaled 27 million in the first nine months.

According to Mr. Pham Duc Long, General Director of VNPT, it earned VND95.2 trillion ($4.36 billion) in revenue in the first nine months, equal to 73 per cent of its annual plan. Profit increased 20.1 per cent year-on-year and was equal to 76.5 per cent of the plan. Its State budget contributions rose 11 per cent year-on-year.

Vinaphone had 5.5 million mobile phone subscribers in the first nine months.

It has largely completed its divestment program, except for the Post and Telecommunication Finance Co., Ltd and Maritime Bank.

Mr. Cao Duy Hai, General Director of MobiFone, said that revenue in the first nine months was VND27.5 trillion ($1.2 billion), an increase of 17 per cent year-on-year and representing 76 per cent of the annual plan.

Profit was VND4.3 trillion ($193 million) and new mobile phone subscribers totaled 16 million, equal to 83.2 per cent of its annual plan. It now has 4,000 3G network stations.

The company also has more than 1 million TV subscribers, with turnover in the first nine months reaching VND1 trillion ($46 million).

According to Mr. Dam My Nghiep, General Director of VTC, revenue and profit in the first nine months were equal to 95 per cent of the annual plan and it targets increasing both by 25-30 per cent in the fourth quarter.

VietnamPost’s revenue in the first nine months was equal to 74.4 per cent of the annual plan and an increase of 36.6 per cent year-on-year, according to Deputy General Director Nguyen Hai Thanh.

Turnover and profit from postal delivery, postal finance, and communications reached targets.

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