Viettel Stocks Soar as Tech Sector Surges
On June 11th, Viettel’s stocks witnessed a significant surge, with Viettel Construction’s CTR and Viettel Post’s VTP shares skyrocketing to the maximum allowed limit, resulting in a “sell-side drought.” VTK and VGI also experienced substantial gains, with VTK rising by 6.9% and VGI by 6.6%.
Accompanying the price surge, trading volume for these stocks soared, with CTR’s matched orders surpassing 1.5 million shares, and VGI reaching nearly 1.4 million shares.
Fig 1: Trading volume surge for Viettel stocks
It wasn’t just Viettel’s stocks that flourished; numerous other tech stocks witnessed substantial gains during today’s trading session. CMG rose by 4.25%, ABC by 2.91%, CMT by 2.9%, and FPT by 1.64%.
Fig 2: Performance of selected tech stocks
According to a report by VISecurities, Viettel Post currently dominates Vietnam’s logistics sector, boasting a market share of approximately 17%.
Last December, Viettel Post inaugurated the largest logistics industrial park in Vietnam, spanning nearly 144 hectares and costing $130 million to construct.
The company is also in the process of establishing a subsidiary in Guangxi, China, to expand its cross-border logistics network.
Recently, the company proposed to the Ministry of Transport to invest in, construct, and operate Cargo Terminal 2 and the express cargo terminal, along with a group of Item 4a works belonging to Component Project 4 of Long Thanh International Airport Phase 1.
VTP recorded consolidated revenue of VND 20,756 billion in 2024, a nearly 6% increase from 2023. However, rising selling and management expenses kept profits flat year-over-year at nearly VND 383 billion.
VTP is investing in infrastructure for new segments and delving deeper into logistics in new areas like airports. These ventures could boost the company’s profit margins and complement its traditional B2C business.
Viettel Global has emerged as one of the top 11 telecommunication investment companies globally, with a presence in more than 49% of international markets, and ranks among the top 25 telecom companies worldwide in terms of subscriber base.
Viettel Global’s performance in 2024 was remarkable, especially in Q4, with profits reaching VND 3,710 billion, a 4.3-fold increase compared to Q4 2023, marking the company’s highest profit ever.
Fig 3: Viettel Global’s impressive performance in 2024
In 2024, Viettel Construction recorded consolidated revenue of VND 12,610 billion, an 11% increase from 2023. After expenses, its after-tax profit reached VND 538 billion, a 2.6% year-over-year increase.
Viettel Construction owns 8,447 BTS stations, 2.45 million m2 of DAS, 2,716 km of transmission lines, and 16.92 MWp of solar power as of September. Of these BTS stations, 230 are shared by more than two networks, with a sharing ratio of 1.03. By 2030, the company aims to expand its BTS station count to 30,000.
Looking ahead, Viettel Construction plans to diversify its business by offering construction services for residential buildings and installing and integrating electronic and refrigeration equipment, as well as providing technology and maintenance services.
“Vingroup Partners with an E-commerce Platform to Enhance Logistics Infrastructure”
“Vingroup and Shopee have joined forces to revolutionize e-commerce logistics and enhance the digital experience for consumers. Through this strategic collaboration, the two industry leaders aim to integrate VinFast electric vehicles and smart locker systems, creating a seamless and innovative last-mile delivery solution. This partnership is set to elevate the online shopping journey, offering unprecedented convenience and efficiency to customers across the country.”
“Billionaire Pham Nhat Vuong Joins Forces with a $200 Billion Conglomerate to Enter the Online Shopping Arena.”
This move is expected to set a new precedent for the e-commerce and digital connectivity landscape in Vietnam, revolutionizing the way businesses operate and consumers engage with the digital world.
The Birth of a Mega-Port: Securing Strategic Investments for the Revolutionary Can Gio Super-Port
The Ho Chi Minh City People’s Committee has proposed a unique mechanism to retain strategic investors for the Can Gio International Transit Port project. This move is seen as a crucial test for the feasibility of Resolution 98 and a potential breakthrough in the city’s maritime economic strategy.
The New Move Unveils the Future of the “Super Port” in Can Gio
The “Super Port” Can Gio project is taking a significant step forward with the People’s Committee of Ho Chi Minh City submitting a proposal to the Party Committee and the People’s Committee of the city regarding the development of this ambitious initiative.
The New Horizon: Proposing a Special Mechanism for the Can Gio International Transit Port Project in Ho Chi Minh City
“Ho Chi Minh City proposes a unique mechanism to retain strategic investors for the Can Gio International Transit Port project. This move tests the waters for the feasibility of Resolution 98, aiming to catalyze the city’s blue economy strategy. A pivotal moment for the city’s maritime ambitions.”
