Viettel

Name

Viettel

Legal name

Tập đoàn Công nghiệp - Viễn thông Quân đội (Viettel Group)

Website

https://viettel.com.vn

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Telecommunications Services

NAICS

Communications Equipment Manufacturing (3342), Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (334220)

SIC

Communications Equipment, Nec (3669), Computer Communications Equipment (3576), Radio & Tv Broadcasting & Communications Equipment (3663)

akta.pro primary industry

Industrial/OT Private Connectivity (Factory, Mining, Ports) (HDAIAGAD)

Keywords

• Mobile telecommunications
• Digital financial services
• Cloud infrastructure
• Cybersecurity solutions
• 5G network equipment

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices17 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Telecommunications Services: Mobile services, broadband internet, and leased line services generating primary revenue through subscription and usage-based models
2. Digital Infrastructure Services: Cloud services, data center operations, network management, and tower leasing (TowerCo) services for enterprises and other telecom operators
3. Digital Finance: Viettel Money ecosystem including e-wallets, payment services, credit platforms, insurance, and investment services
4. Digital Solutions: Government digital transformation, healthcare IT, education platforms, and smart city solutions sold to enterprise and government clients
5. High-Tech Industrial Products: Telecom equipment manufacturing, defense electronics, AI cameras, IoT devices, and maritime electronics
6. International Operations: Telecom services in 10 international markets generating approximately USD 1.74 billion in net revenue in 2025
7. Content and Entertainment: Digital content services including TV360, Mocha, Keeng, and MyClip platforms

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Viettel is a state-owned Vietnamese technology and telecommunications group that delivers mobile telecommunications, broadband internet, and digital services to consumers, alongside enterprise and government digital transformation, cloud, cybersecurity, and smart city solutions. The group also manufactures proprietary 5G network equipment, AI chipsets, maritime electronics, and is constructing Vietnam's first semiconductor fabrication plant, while operating international telecom brands in 10 countries across Asia, Africa, and Latin America serving more than 270 million customers.

Product overview

Viettel is a state-owned Vietnamese technology and telecommunications group operating as a diversified digital services provider. Its portfolio spans six core verticals: Digital Infrastructure (telecom, data centers, cloud), Digital Finance (Viettel Money e-wallet, payments, credit, insurance, investment), Digital Solutions (smart city IOC, e-government, e-health, e-education, smart traffic, logistics), Digital Content (TV360 streaming, Mocha super app, Keeng music/video, MyClip video social network, Tiin.vn news), Cybersecurity (SOC, anti-DDoS, APT protection, Cloudrity WAF, enterprise security, telecom anomaly detection), and High-Tech Industry (5G/AI chipsets, semiconductor fab, maritime electronics, defense equipment, AI cameras, IoT platforms, satellite/LLE connectivity). The company also operates 10 international telecom brands across Asia, Africa, and Latin America.

Differentiator

Problem solved

Functional benefit

Brands

• Bitel: Telecommunications brand operating in Peru
• Mytel
• Lumitel
• Unitel
• Movitel
• Natcom
• Telemor
• Metfone
• Halotel
• Nexttel
• Viettel Money
• Viettel 5G Equipment
• TV360
• Mocha
• Keeng
• Viettel Telehealth
• SMAS
• ePass
• Viettel vEHR
• Viettel Flagship Camera
• Viettel AIS
• VIPPhone
• Cloudrity

Products and services

• Mobile Telecommunications Services Consumer mobile voice, SMS, and data services with prepaid and postpaid plans across Vietnam and 10 international markets, supported by a 5G network covering 90% of Vietnam's population and serving more than 270 million customers globally.
• Viettel Money Digital finance ecosystem enabling money transfers, mobile payments, e-wallet transactions, credit/loans, insurance, and investment using just a phone number. Distributed via app and 50,000+ agent points with 4,000 direct stores.

Quantifiable outcome

• VND 220.4 trillion ($8.39 billion) revenue in 2025, up 13.8% YoY
• +5 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration25 records

AI capability15 records

Feature7 records

Partnerships

23 partnerships are on record, tiered core, strategic and minor.

• Qualcomm TechnologiescoreTechnology or Integration · 21 July 2026Viettel became the first worldwide partner to join Qualcomm's Early Access Program for 6G development, gaining early access to chipset platforms and development tools for open RAN-based 5G equipment and joint 6G research. Partnership aims to complete first pre-commercial 6G voice call by early 2029 using Viettel's network infrastructure.
• TSMCstrategicTechnology or Integration · 27 June 2026Memorandum of cooperation signed at Vietnam National Multi-Project Wafer Coordination Centre launch for semiconductor chip development.
• InfineonstrategicTechnology or Integration · 27 June 2026Memorandum of cooperation for semiconductor chip development at national center.
• AmkorstrategicTechnology or Integration · 27 June 2026Memorandum of cooperation for semiconductor packaging and testing capabilities.
• CadencestrategicTechnology or Integration · 27 June 2026Memorandum of cooperation for semiconductor design tools and IP.
• SynopsysstrategicTechnology or Integration · 27 June 2026Memorandum of cooperation for semiconductor design automation.
• FPT CorporationstrategicTechnology or Integration · 6 June 2026Collaboration with FPT on national AI applications as part of Nvidia-FPT Nemotron-Personas-Vietnam dataset initiative with 900,000 synthetic personas.
• NVIDIAcoreTechnology or Integration · 19 March 2026Viettel partnered with NVIDIA to develop sovereign AI ecosystem in Vietnam, deploying NVIDIA DGX B200 systems capable of 1.5 exaFLOPs and building Vietnamese large language models with over 30 billion parameters based on NVIDIA Nemotron platform.
• Aduna GlobalminorGTM or Marketing Partner · 11 March 2026Aduna Global partnership for Network API collaboration, expanding API ecosystem integration.
• IntelcoreTechnology or Integration · 6 March 20265G technology and infrastructure partnership signed at MWC Barcelona 2026.
• AMDcoreTechnology or Integration · 6 March 2026High-performance computing and semiconductor partnership at MWC 2026.
• Qualcomm TechnologiescoreStrategic or Co-development Partner · 5 March 2026MoU to co-develop flagship smartphone line featuring Viettel's Agentic AI software ecosystem, with Qualcomm providing reference designs and technical support while Viettel leads development, manufacturing, and commercialization.
• EricssoncoreTechnology or Integration · 4 March 2026Viettel Networks and Ericsson signed cooperation agreement at MWC 2026 to jointly develop autonomous telecom networks using AI and automation technologies. Ericsson provides network automation platforms and AI technologies while both companies conduct real-world trials.
• EricssoncoreTechnology or Integration · 3 March 2026MoU for advancing autonomous network development through joint R&D activities, lab trials, and validations. Focus on AI-driven closed-loop automation, network orchestration, and RAN optimization.
• ST EngineeringstrategicStrategic or Co-development Partner · 4 February 2026Singapore-based technology company partnership for aerospace, digital transformation, cybersecurity, AI, and cloud technologies as part of Singapore representative office inauguration.
• HoneywellstrategicStrategic or Co-development Partner · 4 February 2026Partnership agreement signed during Singapore office inauguration for aerospace and digital infrastructure collaboration.
• AirbusstrategicStrategic or Co-development Partner · 4 February 2026Partnership for aerospace technologies and digital infrastructure development.
• FPT CorporationcoreStrategic or Co-development Partner · 29 January 2026Partnership agreement signed at FPT's advanced semiconductor testing and packaging plant inauguration to advance end-to-end semiconductor capabilities across research, design, fabrication, testing, packaging, and commercialization.
• IntelcoreTechnology or Integration · 16 January 2026Partnership for semiconductor development and technology transfer as part of Vietnam National Semiconductor Chip Pilot Production Centre with 19 domestic and international partners.
• Cloud Native Computing Foundation (CNCF)strategicTechnology or Integration · 11 January 2026Viettel joined CNCF as Gold Member to advance open source cloud native technologies, contributing operational expertise from telecom environments to CNCF community.
• EDGE GroupstrategicStrategic or Co-development Partner · 17 November 2025MoU signed at Dubai Airshow 2025 to collaborate on high-tech defence products, research, and technology transfer for OEM manufacturing in Vietnam.
• Ordefence Systems (Adani Group)strategicOEM/ Whitelabel/ Licensing Partner · 11 November 2025Strategic cooperation agreement with Adani Group subsidiary at Defense & Security Exhibition 2025 in Thailand to develop and commercialize defense and dual-use products under OEM model with technology transfer.
• KT CorporationstrategicStrategic or Co-development Partner · 13 August 2025Partnership to establish national AI strategy and promote autonomous transformation across industries, following May 2025 initial partnership.

Scale indicators14 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• VNPT: Vietnam Posts and Telecommunications Group is Vietnam's second-largest state-owned telecom operator and Viettel's primary domestic competitor in mobile, broadband, and enterprise services. Both are state-owned enterprises competing for Vietnamese government and enterprise digital transformation contracts.
• MobiFone: MobiFone is Vietnam's third major mobile operator and a direct domestic competitor to Viettel in mobile services. Both participate in Vietnam's CBDC pilot and share spectrum/enterprise markets, making them the closest peers for Vietnamese telecom dynamics.
• Axiata Group: Axiata operates mobile networks across multiple Asian emerging markets (Malaysia, Indonesia, Bangladesh, Sri Lanka, Cambodia, Nepal) — mirroring Viettel's multi-country emerging-markets playbook and digital services expansion (e.g., Boost fintech, enterprise solutions).
• MTN Group: MTN is Africa's largest mobile operator with operations across 20+ emerging markets in Africa and the Middle East. Shares Viettel's playbook of dominant market positions in developing economies, mobile money (MoMo), and enterprise digital services expansion.

Broad incumbents

• Singtel: Singtel is Southeast Asia's largest telecom conglomerate with similar international diversification across Asia, Africa, and Australia. Comparable business model of consumer telecom plus enterprise digital services, advanced 5G deployment, and regional data center operations.
• Huawei: Huawei is a global telecom equipment and 5G infrastructure provider that competes with Viettel's self-developed 5G equipment across emerging markets. Viettel's Open RAN and chip development is partly positioned as an alternative to Huawei-dominated network infrastructure.
• Reliance Jio: Jio disrupted the Indian telecom market with affordable 4G/5G services, digital platforms (JioFiber, JioMart), and proprietary technology stack. Comparable scale, emerging-market leadership, and full-stack digital services ambitions to Viettel.

Regional players

• PLDT: PLDT is the Philippines' largest telecom operator with mobile, fixed broadband, and enterprise services. Comparable Southeast Asian incumbent profile and digital services strategy, though Viettel has broader geographic diversification.
• Ethio Telecom: Ethio Telecom is Ethiopia's state-owned telecom monopoly with mobile money and digital services expansion. Similar SOE structure, emerging-market focus, and government-backed expansion to Viettel in some markets.

Emerging players

• FPT Corporation: FPT is Vietnam's leading private IT services and telecom firm with semiconductor testing/packaging capabilities. Direct partner in Vietnam's national semiconductor initiative with Viettel, and a competitor in digital transformation, AI, and IT services in Vietnam.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/vietteltelecom
• YouTubeyoutube.com/@viettel
• Facebookfacebook.com/viettelgroupofficial
• LinkedInlinkedin.com/company/viettel-group
• Instagraminstagram.com/vietteltelecom
• TikToktiktok.com/@vietteltelecom

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Viettel