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M3 Communication's production line (Photo: nhandan.com.vn) Hanoi (VNA) - M3 Communication Co. , Ltd , a member of the military-run telecom giant Viettel, has officially become the first Vietnamese enterprise joining the global aerospace supply chain, according to UK-based Meggitt PLC. Accordingly, M3 Communication will supply materials, components and equipment for Meggitt PLC which specialises in researching, designing, developing, manufacturing and integrating products in the fields of aerospace, defence and energy. In order to be approved by Meggit as a supplier, M3 has developed a technological process and measurements to evaluate the quality of product samples (known as the First Article Inspection Process). All products must satisfy extremely strict requirements on material origin, tolerance, and surface treatment. Viettel said determining research and high-tech industrial production as one of its four development pillars, and Viettel continues to cooperate with technology corporations in the world to promote production and export of high-tech products./. VNA …

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Viettel is valued at $6.016 billion in 2021, up 3.4 per cent from last year. — Photo courtesy of Viettel Viettel moved up 32 places to the 325th in the 2021 list of the world’s 500 most valuable brands recently released by brand valuation consultancy Brand Finance. The telecoms firm, valued at US$6.016 billion (up 3.4 per cent from last year), remains the only Vietnamese brand and also the only Southeast Asian telecoms brand in the rankings. According to Brand Finance, Viettel performed well in 2020 when it earned more than VND264 trillion (nearly US$11.5 billion) in revenue and posted year-on-year growth of 4.4 per cent. Its revenue from digital services increased by 27.7 per cent, doubling the average growth rate of Viet Nam’s IT industry (14.7 per cent). The firm also built complete platforms for market-leading digital services, especially those for the Government, ministries, and sectors. Viettel’s brand value has doubled since it announced plans to turn from a telecoms service supplier into a pioneer in developing a digital society in 2018. — VNS …

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Currently valued at $6.01 billion, up 3.4 percent from the previous year, Viettel is the only telecom brand in Southeast Asia to break into the global ranking compiled by Brand Finance, a London-based branded business valuation consultancy. The military-owned firm reported revenues of VND264 trillion ($11.47 billion) last year, up 4.4 percent from 2019, and a pre-tax profit of VND39.8 trillion, up 4.1 percent. Viettel attributed the results to digital transformation and its switch from being a telecom services provider to a digital services provider. In 2020, the platforms it developed included digital infrastructure, solutions, content, finance, and cybersecurity. By manufacturing 5G equipment and trialing 5G services, the company made Vietnam one of only six countries in the world to master the technology. The Brand Finance Global 500 list covers 20 sectors in 29 markets, using a sample size of 55,000 adults over 18 years old. There are just 34 telecom companies in the 2021 listing of the world’s top 500 brands by value. Most of them saw their values fall last year. …

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