Viettel targets profit of VND34.6 trillion in 2013

February 05, 2013 | 09:09

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The Defence Telecommunications Group Viettel earned revenue of VND141.4 trillion and profit of VND 27.5 trillion in 2012, the group announced on February 3rd.

Along with its high growth rate, last year, Viettel contributed VND12 trillion to the State budget and donated VND 80 billion to social welfare, increasing 20 and 25 per cent, respectively, against 2011.

Also in 2012, Viettel received licenses to invest in the 7 markets of Laos, Cambodia, Timor-Leste, Mozambique, Cameroon, Haiti and Peru. Especially in Mozambique, Viettel’s subsidiary (Movitel) earned profits just 6 months after it began operation. Movitel is Vietnam's most effective project in Africa since 2008.

In 2013, the group targets to increase sales between 15 and 20 per cent to reach VND162 trillion in revenue and 34.6 trillion in profit. Besides, Viettel plans to invest $175 million in foreign markets and earn $120 million from its products in these markets.

QĐND

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