Viettel Global posts nine-year-high revenue, steps up overseas investment
Viettel’s overseas operations delivered a strong boost in 2025, with foreign-market revenue rising sharply to a nine-year high, reinforcing the group’s strategy of expanding internationally to sustain growth and profitability.
THE HANOI TIMES — Viettel Global, which manages Viettel’s operations across 10 foreign markets, posted nine-year-high revenue of about US$3.3 billion in 2025, a 24% year-on-year increase.
Viettel Global plans to invest nearly $710 million in international markets this year. Photo courtesy of the group
The strong overseas performance reaffirmed the strategic importance of international markets in Viettel’s long-term growth plan, heard its year-end conference last week on 2025 performances and targets and key tasks for 2026.
Viettel now leads the telecom market in seven overseas countries, including Laos, Cambodia, Myanmar, Timor-Leste, Burundi, Haiti and Mozambique, demonstrating its ability to scale effectively in emerging and frontier economies.
This year, the military-run group plans to deploy nearly $710 million into its international operations.
Cambodia’s Metfone and Mozambique’s Movitel will receive the largest capital injections, at roughly $185.4 million and $167.5 million, respectively.
Mytel in Myanmar is set to receive about $92.4 million, while Halotel in Tanzania will secure nearly $92 million.
Other markets, including Burundi, Haiti, Laos and Timor-Leste, will attract investment ranging from $24 million to $53 million.
On a consolidated basis, Viettel generated about VND220.4 trillion ($8.4 billion) in revenue in 2025, up nearly 14% from the previous year and marking a second consecutive year of double-digit growth.
Pre-tax profit reached roughly VND56.8 trillion ($2.2 billion), rising by nearly 5% year-on-year and remaining above the $1.9 billion mark for a second straight year.
The group contributed close to VND41 trillion ($1.6 billion) to the state budget in 2025.
Viettel maintained its leading position in Vietnam’s core telecom services as its mobile subscriber base continued to expand.
By year-end, the company served about 12.9 million 5G users and operated roughly 30,000 5G base stations nationwide.
Beyond telecommunications, Viettel continued to diversify. The group broke ground on three large data centers and rolled out research and development complexes in Hanoi, Ho Chi Minh City and Danang.
It also expanded further into logistics, launching a logistics hub in Danang and smart border gate models in northern provinces such as Lang Son, Lao Cai and Quang Ninh, while pushing deeper into Southeast Asian markets.
With current earnings levels, Viettel remains among Vietnam’s most profitable enterprises, alongside state-owned energy giant PVN and major commercial banks.
The group targets average annual growth of 12%-14%, with a strong emphasis on digital infrastructure leadership and overseas expansion.
International telecommunications and digital services are expected to account for about 35%-40% of total revenue, reflecting Viettel’s ambition to become a major exporter of high-tech solutions.
Investor confidence in the Viettel ecosystem has strengthened on the stock market.
In the final trading session last week, shares of Viettel Global, Viettel Post, Viettel Construction and Viettel Design all hit their daily ceiling prices. Among them, VGI delivered the strongest gains since early 2026, advancing nearly 30%.
This rally has lifted Viettel Global’s market capitalization to almost VND280 trillion ($10.7 billion), placing it among the five largest listed companies on the exchange.
