Viettel gets approval to establish subsidiaries in six countries
By Dang Khoa
Telecom giant Viettel has received permission to set up subsidiaries in the remaining six of the 10 countries where it operates without a subsidiary.
Employees of Metfone, a unit of Viettel Global, welcome customers at a store in Cambodia. Photo courtesy of Viettel Global.
The six are Mozambique, Tanzania, Timor Leste, Burundi, Haiti, and Cambodia.
Prime Minister Nguyen Xuan Phuc said the Ministry of Defense -- which owns the company -- would take responsibility for the task.
The other four countries it operates in are Laos, Peru, Cameroon, and Myanmar.
In a global ranking released last month by Brand Finance, a British brand valuation consultancy, Viettel, Vietnam’s largest telecommunication service provider, jumped nine places to 28th with its brand valued at $5.8 billion, up 34.4 percent from a year earlier.