Saigon Giai Phong (SGGP)
The Ministry of National Defense’s upgraded its telecom company Viettel into an economic group January 12.
A board of directors will run the group under a general director who will be nominated by the Minister of National Defense.
The military set up Viettel in 1999. Its turnover has increased from VND40 billion (US$2 million) then to VND60 trillion last year.
Viettel holds a 37.5 percent share of the country’s telecom market, including a 42.5 percent share of its mobile phone market.
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