The military-run telecom provider Viettel has been valued at 3.178 billion USD by the world’s leading business valuation consultant Brand Finance.

Illustrative image (Source: Viettel)

In the list of top 50 brands in Viet Nam in 2018 recently announced by the Brand Finance, Viettel’s valuation rose by 23.7% from 2017, equaling the total value of those ranking second and third in the list.

Also in its list of the world’s 300 valuable telecom brands, Viettel ranked 47^th, up one place from 2017, equivalent to Singtel – the top in Singapore and Ooredoo – the number one in the Middle East.

The year 2018 marked a milestone for Viettel when it founded telecom, cyber security and high-tech defence industries and declared to embark on the fourth development stage with the goal of going global and pioneering in the fourth industrial revolution.

Viettel has a significant presence in 12 countries and a customer base with more than 85 million subscribers across Asia, Africa and America.

It has also invested in research, manufacturing and successful commercialisation of strategic weapons, high-tech military equipment and telecom network equipment.

(Source: VNA)