PM wants Viettel to enter world top 10 telecom firms by 2025
Prime Minister Nguyen Xuan Phuc has said he wants the Viettel Military Industry and Telecoms Group (Viettel) to strive to become one of the world’s 10 biggest telecoms firms by 2025.
Prime Minister Nguyen Xuan Phuc speaks at the event (Source: VNA)
Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc has said he wants the Viettel Military Industry and Telecoms Group(Viettel) to strive to become one of the world’s 10 biggest telecomsfirms by 2025.
Speaking at a ceremony marking Viettel’s 30th founding anniversaryin Hanoi on June 1, the Government leader said the State believes and entrustsViettel with the task of leading the country in the 4th Industrial Revolution(4IR).
Establishedin 1989 under the name of Sigelco, the group has become one of the 30 largesttelecommunications companies in the world, and among the 500 most valuablebrands in the globe after just 30 years.
PM Phuc said he hoped that by 2045, Viettel would be among the world's leadingindustrial high-tech manufacturers.
The PM emphasized that technology will be a key factor for Vietnam to avoid themiddle-income trap and become a developed country, adding that innovation andinvention is the inevitable path to become a powerful country.
He required Viettel to well perform its responsibilities as a main player in the national digital transformation, and quickly deploy5G technology and infrastructure to meet development opportunities in the 4IR.
The group is also tasked with developing high-tech defence industry andmanufacturing electronic and telecommunications equipment, especially networkinfrastructure equipment.
On the occasion, PM Phuc presented the Independence Order, first class, toViettel.
Over the last three decades, from its initial main business of construction andinstallation of telecommunications projects, Viettel has developed five newindustries, including telecoms and information technology services, telecomelectronics, defence industry, network security and digital services.
Itis considered as one of the largest and most efficient state-owned enterprisesin Vietnam.
Since2000, Viettel has earned more than 1.78 quadrillion VND in revenue; and 334trillion VND in profit. It has spent 3.5 trillion VND for social welfareactivities.-VNA
The Viettel Military Industry and Telecoms Group (Viettel) on May 24 established Viettel High Technology Industries Corporation (VHT), its seventh subsidiary.
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Prime Minister Nguyen Xuan Phuc speaks at the event (Source: VNA) 
