Viettel’s Impressive Growth in 2024
The Ministry of Defense has recently released periodic information for 2024 regarding the Military-Telecom Industry Group (Viettel), showcasing significant growth across various indicators.
As of 2024, Viettel’s consolidated total assets reached an impressive VND 344,564 billion, reflecting a VND 48,000 billion increase since the beginning of the year, equivalent to a 16.2% growth rate.
Notably, long-term assets doubled, reaching VND 133,919 billion. This substantial growth was primarily driven by a nearly sevenfold increase in long-term financial investments, surging from VND 8,796 billion to VND 62,856 billion.
Equity capital also witnessed a significant boost, increasing by nearly VND 16,300 billion to reach VND 205,978 billion. Additionally, liabilities rose from VND 106,858 billion to VND 138,586 billion, with short-term debt accounting for the majority at VND 101,363 billion.
According to the report, Viettel achieved a remarkable total revenue and income of VND 193,715 billion in 2024, surpassing the plan by nearly VND 9,000 billion.
Pre-tax profit reached VND 54,337 billion, while post-corporate income tax profit stood at VND 41,951 billion, reflecting a 17.2% increase compared to the initial plan of VND 35,779 billion. This figure also represents a 19% surge from the previous year.
Viettel’s employees also benefited from these outstanding results, with an average monthly income of VND 33.5 million per person, marking a 10% increase over the planned amount.
Notably, Viettel’s contribution to the state budget amounted to VND 46,345 billion, exceeding the plan by approximately VND 3,500 billion, or 8.2%.
“PVCFC Annual General Meeting 2025: A Prosperous Gathering with a 20% Dividend Payout”
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With a remarkable pre-tax profit of 56 billion VND in May, we’ve witnessed a remarkable third consecutive month of growth.
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The TNH Hospital’s 2025 Annual General Meeting elected a new board of directors with seven members, a decrease of two from the previous term. The company plans to issue shares to raise capital from equity sources.
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With a population of over 100 million, Vietnam faces a significant financial challenge if it chooses to provide universal free healthcare.
The Economic Development and Social Progress: A Parliamentary Discussion
Today (June 17th), the National Assembly will devote most of its time in the hall to discussing the implementation of the socio-economic development plan, the state budget, and other significant matters. This discussion session will be broadcast live on television and radio for voters and the public to observe.
