Viettel Global, the international investment arm of the military-run Viettel group, will cooperate with companies in Myanmar to establish Viettel Myanmar to implement the investment in a telecommunications network project in the Southeast Asian country.

The decision came after a vote of Viettel Global’s shareholders in it shareholders’ meeting on last Wednesday.

The total investment of the project is expected to be at $ 1.8 billion, in which the total money funded by Viettel Global is approximately $800 million, the rest, about $ 1 billion, will be covered by its foreign partners.

Customers making their bill payments at a customer service center of Viettel.

Currently, Viettel Global has invested in eight countries, including five operational projects in Cambodia, Laos, Haiti, Mozambique, and East Timor. Three other projects in Africa, including Burundi and Cameroon is expected to go into operation in the 4^th quarter of 2014 and the 3^rd quarter of 2015.

Viettel Global’s project in Tanzania is completing the procedures to deploy network infrastructure.

Network Bitel run by Viettel Peru, owned directly by Viettel Global, went into operation in October this year.

In the first 9 months of 2014, Viettel Global’s net revenues and pre-taxed profit reached VND10.1 trillion and VND2.1 trillion, respectively. As of September 30, 2014, its total assets and equity were reported at VND31.7 trillion and VND15.6 trillion, respectively.