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Viettel leads way in telecoms growth

Released at: 09:05, 05/01/2016

Viettel leads way in telecoms growth

Military mobile provider sees revenue rise 13% in 2015.

by Do Huong

Viettel, MobiFone and Vinaphone recorded VND348.7 trillion ($15.9 billion) in revenue and VND56.4 trillion ($2.57 billion) in profit in 2015, according to the three telecom operators.

Viettel recorded the most impressive growth of the three, with revenue of VND222.7 trillion ($10.1 billion), up 13 per cent against 2014, and profit of VND45.8 trillion ($2.09 billion). As at the end of the year it had 72.6 million subscribers.

Revenue at MobiFone was VND36.9 trillion ($1.68 billion), up 8.29 per cent, and profit VND7.4 trillion ($337.8 million). By the end of 2015 its subscriber numbers were 15 million. Mr. Le Nam Tra, Chairman of MobiFone, told its 2016 planning conference that the company aims to record turnover of VND100 trillion ($4.56 billion) by 2020.

Vinaphone, meanwhile, earned VND89.1 trillion ($4.06 billion) in revenue and profit of VND3.2 trillion ($146 million), up 20 per cent against 2014. Subscriber numbers were 29.7 million.

According to the Ministry of Information and Communications (MIC), Vietnamobile, one of the two small telecom operators in the country, recorded revenue of VND9.9 trillion ($456.6 million) and had 11 million subscribers in 2015. Gmobile, the other small telecom operator, is to cease operations.

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