Viettel Global's Q3 revenue increased by 25 per cent

The report highlights that Viettel Global's sales and service revenue was over $380 million in the third quarter (Q3), marking a 25 per cent on-year increase, a growth rate five times higher than the global telecommunications growth of 4.1 per cent, as reported by Gartner consultants.

Viettel Global saw revenue growth across all markets in Q3, with notable increases including Lumitel in Burundi at 80 per cent, Natcom in Haiti at 28 per cent, Movitel in Mozambique at 21 per cent, and Telemor in East Timor at 20 per cent.

Particularly remarkable were the growth rates in the e-wallet sector, where Lumicash in Burundi grew by 82 per cent, M_mola in Mozambique by 80 per cent, Halopesa in Tanzania by 45 per cent, and Emoney in Cambodia by 16 per cent.

Revenue of Viettel Global in billions of VND. Photo: Viettel Global

For the first nine months of the year, Viettel Global reported total revenue of close to $1.1 billion, a 25 per cent on-year increase. Pre-tax profit rose sharply to over $250 million, reflecting a 162 per cent growth, while post-tax profit soared by 343 per cent to almost $145 million.

Viettel Global has earned prestigious international awards throughout 2024, with the most recent achievements at the Stevie International Business Awards in October, where Viettel Burundi and Viettel Cambodia collectively won five awards, including two gold and three silver.

"The consistent stream of international awards is a testament to the tireless innovation and transformation of Viettel's overseas subsidiaries, from being major telecoms companies to becoming top digital service providers. These awards validate Viettel Global's well-founded strategies in expanding both the depth and breadth of its business," stated a representative of Viettel Global.

Viettel Global's subsidiaries continue to earn prestigious international awards. Photo: Viettel Global

Viettel Global focuses on sustainable, effective growth by maintaining its number-one position and expanding new services like data centres, cloud, e-wallet, and various digital services for government and public use in its established markets.

The company is actively exploring new markets in response to invitations from various countries, seeking additional opportunities for investment and business expansion.

Viettel Global's consolidated revenue exceeds $1 billion Viettel Global has just announced its 2022 consolidated financial statements audited by Deloitte Vietnam with the highest ever revenue and pre-tax profit recorded in the telecom giant's history.

Viettel Global posts increasing profits Viettel Global (VGI) reached a record high level for its revenue from sales and service provision and consolidated pre-tax profit for the whole of 2023.

Viettel Global posts revenue growth of 25 per cent in H1 Viettel Global (VGI) posted an impressive on-year increase of 25 per cent in its revenue from sales and service provision, with an after-tax profit of VND2.86 trillion ($115 million) in the first six months of 2024.