Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Wednesday, February 12 2020 - 16:48
Vietnam's 4G Users To Grow By 10 Million In 2020
HANOI, Vietnam, Feb. 12, 2020 /PRNewswire-AsiaNet/--

-Viettel to add 2,400 base stations to fill 3,700 coverage holes 
-The Vietnamese telecom giant will cooperate with vendors to supply smartphones 
under $65, feature phones under $25 
-Viettel estimates an increase of 10 million 4G users due to these solutions

Viettel Group is planning to accelerate 4G universalization in Vietnam by 
cooperating with vendor to supply smartphone under $65 and feature phones under 
$25. Additionally, Viettel will add around 2,400 base stations to fill 3,700 
coverage holes across the country. With these two solutions, Viettel forecasts 
the number of 4G users in Vietnam to increase by 10 million.

In 2019, despite a saturated market, Viettel Group telecom revenue grew by 
6.4%, twice the average rate of the sector; telecom revenue from oversea 
markets increased by 24.4%. It's main growth driver in 2019 was revenue from 
data service, for which the research & consulting firm Frost & Sullivan named 
Viettel Telecom, the telco arm of Viettel Group, "Vietnam's Mobile Data Service 
Provider of the Year".

Viettel targets 4.3% growth in telco in 2020 and it will be a challenging 
objective due to the saturation of Vietnam's telecommunication market and the 
sector low profit forecast. Furthermore, the group has ambition to become the 
leader in term of revenue from broadband service with 2019's fixed line revenue 
observed a 23.2% increase.

About Viettel Group

Viettel Group is an international enterprise headquartered in Hanoi, Vietnam. 
The group has investments in 11 countries in Africa, Asia and Latin-America. 
Viettel has five business lines including telecommunications and information 
technology (IT); research and manufacture of electronic and telecommunications 
equipment; defense industry; cyber security and digital services. Viettel 
Telecom, a member of Viettel Group, is the largest telecommunications service 
provider in Vietnam.

In 2019, Viettel is the first company to trial 5G broadcast in Vietnam, putting 
the country into the list of first 10 countries to successfully broadcast 5G; 
deployed various IoT and base technologies for a digital society. Mid-January 
2020, Viettel successfully carried out the first 5G video call trial using 
equipment developed in-house.

SOURCE Viettel Group