Viettel Global: A Story of the 'Warrior Spirit' and Global Expansion in 2023

Viettel Global has emerged as a shining example of Vietnamese resilience and innovation on the international stage. Comparing the company to the Baobab tree—a symbol of life that thrives even in the harshest conditions—the corporation faced significant geopolitical and economic challenges in 2023. From currency devaluation in Tanzania and Burundi to political instability in Haiti and Myanmar, the external environment was incredibly volatile. However, Viettel Global not only survived but achieved record-breaking success, proving that the 'warrior spirit' of its leadership and staff is a formidable force in the global telecommunications market.

In 2023, Viettel Global's foreign telecom operations achieved their highest revenue growth to date, increasing by 615 million USD. This 20.6% growth rate is five times higher than the global industry average. Perhaps most impressively, the company successfully repatriated approximately 400 million USD (nearly 10,000 billion VND) for the second consecutive year, bringing Viettel's total capital recovery rate to 76.5%. These results were driven by the outstanding performance of key markets like Movitel in Mozambique, Mytel in Myanmar, and Metfone in Cambodia. The company's ability to navigate high exchange rates and scarce foreign currency while maintaining market leadership is a testament to its strategic flexibility and operational excellence.

Minister of Information and Communications Nguyen Manh Hung praised Viettel Global’s leaders as 'warriors' who dared to enter markets where even global giants hesitated. He emphasized that Viettel's success is not just an economic victory but a source of national pride, inspiring other Vietnamese enterprises to go global. Looking forward, the Minister urged Viettel to transition from traditional telecom services to becoming a provider of digital infrastructure. By investing in R&D and creating essential digital services like mobile money, e-health, and remote education, Viettel Global aims to become an indispensable part of the digital economies in the countries it serves. This evolution from 'climbing poles' to 'creating digital life' marks a new chapter for Viettel as it continues to fly the Vietnamese flag high across the globe.

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