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Viettel launches Digital Viettel

Released at: 17:33, 27/06/2019

Viettel launches Digital Viettel

Photo: Digital Viettel

New tech subsidiary to create a foundation for digital transformation in Vietnam.

by Ngoc Lan

The eighth member corporation of the Viettel Military Industry and Telecoms Group (Viettel), Digital Viettel, was officially launched on June 26 to create a foundation for digital transformation, implementing Viettel’s development strategy in the new stage of digital social construction.

With the goal of “Originating digital life”, Digital Viettel is defined as a technology company focusing on three main areas: digital finance focused on the development of ViettelPay’s digital ecosystem and bank and piloting the Mobile Money service; data services, focused on credit, insurance and advertising; and e-commerce.

From now to 2025, Digital Viettel’s two major objectives are having 26 million customers on the ecosystem and 600,000 points of acceptance for payments and service provision.

From a foundation of building a digital society, Viettel has always been determined to do new things and chooses difficult jobs to gradually resolve shortcomings in life and popularize services. Each Viettel product is aimed at Safety - Simplicity - Convenience - Easy Access.

In addition to core products such as Digital Management Solutions, Digital Content, and Digital Trade, Viettel understands that a self-reliant and prosperous economy will not be formed without the core tool of Digital Payment. This is the mission Digital Viettel has been entrusted with.

Mobile Money uses telecom accounts to pay for low-value goods and services and will break down all technology barriers, bringing digital technology that is safe and simple to use to people in rural and remote areas who have little access to traditional financial services. This will be the catalyst that explodes the digital revolution in Vietnam.

At the same time, digital financial infrastructure and digital trading will help connect businesses to businesses and businesses to people. Digital Viettel will accompany businesses and the startup community to create a cashless society and become an important component in the national financial payment infrastructure.

Viettel recently held a ceremony in Hanoi marking its 30th anniversary, attended by Prime Minister Nguyen Xuan Phuc. Established in 1989 under the name Sigelco, the group has become one of the 30 largest telecommunications companies in the world and among the 500 most valuable brands globally.

Over the last three decades, from its initial main business line of constructing and installing telecommunications projects, Viettel has developed five new industries: telecoms and information technology services, telecom electronics, defense, network security, and digital services.

It is one of the largest and most efficient State-owned enterprises in the country.

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