Viettel continues to lead in revenue, profit among Vietnamese mobile operators

September 08, 2016 | 13:10

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Viettel’s revenue and profit in the first eight months of the year are bigger than its other two competitors added together, the conference on government management in July and August this year, held by the Ministry of Information and Communication (MIC) on September 6 was told.

In the period, Vietnam Posts and Telecommunications Group (VNPT), operator of the Vinaphone network, earned VND83 trillion ($3.72 billion) in revenue and VND2.84 trillion ($127.35 million) in pre-tax profit.

MobiFone earned VND24 trillion ($1.07 billion) in revenue and VND3.89 trillion ($174.4 million) in pre-tax profit. The company contributed VND3.7 trillion ($166 million) to the state budget.

Meanwhile, Viettel earned a revenue of VND144 trillion ($6.46 billion) and a pre-tax profit of VND25 trillion ($1.12 billion). The company’s pre-tax profit is 3.7 times the sum of VNPT and MobiFone’s.

According to deputy general director Bui Son Nam, MobiFone has seen a fast decrease in the number of calls from international destinations to Vietnam, with the August results 15 per cent lower than in July. He attributed the decrease to competition from Over-the-Top (OTT) services.

Tran Manh Hung, general director of VNPT, said that his company has seen a decrease in both to and fro international calls. The two companies asked MIC to eliminate the currently effective price floor on international calls.

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