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Viettel Global to be listed in UPCOM next month

At its shareholders’ meeting on June 23 in Hanoi, Viettel Group’s international investment arm Viettel Global, shareholders agreed that Viettel Global will be listed on the Unlisted Public Company Market (UpCOM) in July.

Viettel Global to be listed in UPCOM next month

As per a report in financial situation at the meeting, in 2017, Viettel Global reported a consolidated revenue of VND19 trillion ($830.05 million), a year-on-year increase of 24 per cent and a pre-tax profit of VND27 billion ($1.18 million).

This was rather surprising as Viettel Global had to increase investments to deploy 4G services in overseas markets. In 2018, Viettel Global plans to promote in new market especially Asian countries and these nations with same population like Vietnam.

In the meeting, shareholders also approved the plan to increase the charter capital to VND30.43 trillion ($1.33 billion) via issuing 800 million shares at the price of VND10,000 apiece worth VND8 trillion for the parent company.

By TRAN BINH – Translated by UYEN PHUONG

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