Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Wednesday, July 17 2019 - 22:44
Viettel Sets Off A Digital Revolution In Vietnam Through Its New Subsidiary Company
HANOI, Vietnam, July 17, 2019 /PRNewswire-AsiaNet/ --

Amid rapid technological developments, tech companies are in a race to equip 
the local population with the latest developments and inventions. Vietnam's 
leading telecommunications company, Viettel, is aiming to do so by setting up 
its eighth subsidiary company - the Viettel Digital Services Corporation. This 
new business is tasked with developing strategies and providing solutions to 
create a digital society.

Photo -
Caption: Mr. Le Dang Dzung, acting Chairman cum General Director of Viettel 
Group delivers a speech at the launching ceremony

"Viettel Digital Services Corporation or VDS will focus on developing 
strategies in some of the country's main industries including the digital 
financial sector, data services sector, credit, insurance, advertising and 
e-commerce sectors. We want VDS to transform Viettel from a traditional 
telecoms company into a digital services provider, while playing a key role in 
the construction of Vietnam's digital economy," said Le Dang Dzung, acting 
chairman cum general director of Viettel Group.

One of the main goals of VDS is to fully develop Mobile Money to allow all 
mobile users to transfer and receive money and make payments via their mobile 
accounts wherever they are. This will remove the physical barriers to provide 
safe and simple digital financial services to people in rural and remote areas 
who have limited access to traditional financial services. According to the 
chairman, this will also be the beginning of the digital revolution in the 

"Such digital financial infrastructure and digital trading will not only 
connect people across the country, we will also cooperate with companies and 
the start-up community to create a cashless society. This will, in time, become 
the foundation of Vietnam's national payment and financial infrastructure," 
said Mr. La. 

VDS targets to have 26 million subscribers within its ecosystem and establish 
600,000 payment service points by 2025. 

Developing a digital society is Viettel's latest project to help Vietnam keep 
up in the global technology race. Over the last three decades, the telecom 
company has built a telecommunications network covering most of the country's 
population. It has also entered other industries including information 
technology services, network security, and digital services.          

About Viettel

Viettel Group is the largest telecommunications group in Vietnam with 76 
million customers. The group has more than 20 subsidiary companies operating in 
different businesses including telecom, investment, real estates, foreign trade 
and technical services. In 2014, Viettel earned US$9.8 billion in revenue and 
US$2 billion in profit, ranking among the top largest enterprises in the 
country in terms of revenue. Viettel Global is also one of the biggest 
Vietnamese overseas investors. It is currently operating 9 telecommunications 
companies in 9 countries across Asia, Africa and America with 13 million 

SOURCE: Viettel Group

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   Caption: Mr. Le Dang Dzung, acting Chairman cum General Director of Viettel 
Group delivers a speech at the launching ceremony