Viettel jumps 32 places in Brand Finance Global 500
The Military Industry-Telecoms Group (Viettel) moved up 32 places to the 325th in the 2021 list of the world’s 500 most valuable brands recently released by the brand valuation consultancy Brand Finance.
Viettel is valued at 6.016 billion USD in 2021, up 3.4 percent from last year (Photo: Viettel)
Hanoi (VNA) – The Military Industry-TelecomsGroup (Viettel) moved up 32 places to the 325th in the 2021 list ofthe world’s 500 most valuable brands recently released by the brand valuationconsultancy Brand Finance.
With this position, Viettel, valued at 6.016 billion USD (up3.4 percent from last year), remains the only Vietnamese brand and also theonly telecoms brand of Southeast Asia in the rankings.
According to Brand Finance, Viettel continued to performwell in 2020, when it earned more than 264 trillion VND (nearly 11.5 billionUSD) in revenue and posted year-on-year growth of 4.4 percent. Its revenue fromdigital services increased 27.7 percent, doubling the average growth rate ofVietnam’s IT industry (14.7 percent).
The firm also built complete platforms for market-leadingdigital services, especially the ones for the Government, ministries, andsectors.
Viettel’s brand value has doubled since it decided to turnfrom a telecoms service supplier into a pioneer in developing a digital societyin 2018./.
The military-run telecommunication group Viettel posed revenue of over 264 trillion VND (11.48 billion USD) in 2020, up 4.4 percent against the previous year and exceeding its yearly plan by 2.4 percent.
M3 Communication Co., Ltd, a member of the military-run telecom giant Viettel, has officially become the first Vietnamese enterprise joining the global aerospace supply chain, according to UK-based Meggitt PLC.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.