Vietnam tech stocks rally on bright prospects

Vietnam tech stocks rally on bright prospects

Vietnam’s technology stocks have made strong gains thanks to a bright outlook for the technology and telecommunications sector fueled by artificial intelligence (AI) fever, 5G commercialization, and the adoption of the revised Telecommunications Law.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Intel, Vietnam telco Viettel partner up in AI, 5G, data center, smart devices

Intel, Vietnam telco Viettel partner up in AI, 5G, data center, smart devices

Vietnamese telecom giant Viettel and U.S. technological firm Intel have signed a memorandum of understanding to accelerate research & development (R&D) and advanced technologies at the Mobile World Congress (MWC) 2024.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s top telco Viettel debuts 5G chipset, human AI

Vietnam’s top telco Viettel debuts 5G chipset, human AI

Vietnamese telecom giant Viettel officially announced its 5G chipset and human artificial intelligence (AI) named Vi An on Monday, the opening day of the Mobile World Congress (MWC 2024) in Barcelona, Spain.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Industrial parks in Ho Chi Minh City attract record high $1 bln investment in 2023

Industrial parks in Ho Chi Minh City attract record high $1 bln investment in 2023

Foreign and domestic investors poured slightly over $1 billion, an all-time high, into industrial parks (IPs) and export processing zones (EPZs) in Ho Chi Minh City, Vietnam’s leading economic hub, in 2023, up 84% year-on-year.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam short of data centers despite investment rush

Vietnam short of data centers despite investment rush

An investment rush by major Vietnamese firms including telecom giant VNPT and tech giant FPT has not been able to meet the demand for data centers in the country, market observers say.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam collects less corporate income tax in 2022 from top 1,000 firms

Vietnam collects less corporate income tax in 2022 from top 1,000 firms

Corporate income tax (CIT) paid by the 1,000 biggest taxpayers in Vietnam in 2022 fell 14.9% from that in 2021, the General Department of Taxation has said.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Intel consumer technology exhibition wows enthusiasts in Vietnam

Intel consumer technology exhibition wows enthusiasts in Vietnam

Intel Vietnam recently held the Intel Tech Camp 2023, the largest consumer technology exhibition of the year, with the participation of many famous brands in Ho Chi Minh City.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gov’t agencies, US semiconductor firms sign cooperation deals

Vietnam gov’t agencies, US semiconductor firms sign cooperation deals

Three cooperation deals were signed between Vietnamese government agencies and U.S. semiconductor businesses in Washington, D.C. on Tuesday (local time), as Prime Minister Pham Minh Chinh is on a week-long visit to the U.S.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam telco giant partners with U.S. firm to boost Internet connectivity

Vietnam telco giant partners with U.S. firm to boost Internet connectivity

Vietnam’s telecom giant Viettel has picked equipment made by the U.S.-based Juniper Networks to scale up its consumer mobile and fixed broadband services.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel sets up 5G private mobile network for electronics giant Pegatron

Viettel sets up 5G private mobile network for electronics giant Pegatron

Viettel has successfully trialled a 5G private mobile network (5G PMN) service on a trial plot for a Pegatron factory, the Vietnamese military-run telecom giant announced Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Data centers set to soar as Vietnam digital economy takes big strides

Data centers set to soar as Vietnam digital economy takes big strides

The number of data centers (DCs) is set to rise exponentially in Vietnam as both domestic and foreign companies look to boost capacity and meet rising demand, a new report says.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Boeing urges telecom giant Viettel to become tier-1 supplier

Boeing urges telecom giant Viettel to become tier-1 supplier

Boeing has urged Viettel, Vietnam's biggest telecom business, to grow from a tier-3 to tier-1 supplier, in order to directly supply goods to the U.S. aviation giant.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Taiwan electronics firms eye further investments in Vietnam

Taiwan electronics firms eye further investments in Vietnam

A delegation of the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) has visited cities and provinces in northern Vietnam to discuss further cooperation as part of the global trend of supply chain diversification.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Demand for data centers attracts global investors to Vietnam

Demand for data centers attracts global investors to Vietnam

Data center investments in Vietnam are gathering momentum as the country looks toward the digital transformation of its fast-expanding economy and implements regulations on data localization for foreign firms.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel partners with Qualcomm, joins int’l transceiver technology group

Viettel partners with Qualcomm, joins int’l transceiver technology group

Viettel has kicked off a new collaboration with Qualcomm Technologies to advance 5G infrastructure growth and has just become a member of Open XR Forum, an international consortium joining network operators, equipment vendors, and component suppliers in transceiver technology.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel, Intel to cooperate in digital services, 5G, cloud

Viettel, Intel to cooperate in digital services, 5G, cloud

Military-run telecom group Viettel and global tech giant Intel have signed a memorandum of understanding (MoU) on network transformation strategies and joint innovations for 2023-2024, focusing on digital services, 5G, and cloud services.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nokia, Viettel deploy 600G wavelengths in Vietnam to boost capacity

Nokia, Viettel deploy 600G wavelengths in Vietnam to boost capacity

Nokia announced Thursday the completion of Vietnam’s first Dense Wavelength Division Multiplexing (DWDN) network with local operator Viettel, a move that will “dramatically” increase capacity for the operator.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

North central, central coastal regions welcome projects worth billions of USD

North central, central coastal regions welcome projects worth billions of USD

Many mega investment projects in Vietnam's north-central and central coastal regions received approval from local authorities on Sunday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC among top data center destinations in land costs

HCMC among top data center destinations in land costs

Vietnam’s Ho Chi Minh City is in the top 10 group for selection in the Land Price category in global property services firm Cushman & Wakefield’s latest annual report on data center developments.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Telecom giant Viettel only Vietnam firm named in Brand Finance Global 500

Telecom giant Viettel only Vietnam firm named in Brand Finance Global 500

Military-run telecom group Viettel has been valued at $8.9 billion, up $144 million year-on-year, and remains the only Vietnamese brand in the 2023 edition of the Global 500 report by valuation consultants Brand Finance.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Telecom giant Viettel posts highest profit in five years

Telecom giant Viettel posts highest profit in five years

Vietnamese telecom group Viettel reported a pre-tax profit of VND43.1 trillion ($1.83 billion) in 2022, up 3% year-on-year and a record high in five years.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel High Tech to export IP routers, pilot 5G tech in India

Viettel High Tech to export IP routers, pilot 5G tech in India

Viettel High Technology Industries Corporation, a unit of military-run telecom giant Viettel, signed a deal on Thursday to export IP routers and deploy a trial run of 5G technology network infrastructure in India.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

AMD, Viettel collaborate in 5G network expansion

AMD, Viettel collaborate in 5G network expansion

World-leading chip maker AMD and Vietnamese tech giant Viettel have completed a 5G mobile network field trial deployment conducted by Viettel and powered by AMD chips.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel Cloud ecosystem launched

Viettel Cloud ecosystem launched

Military-run telecom giant Viettel launched Friday its Viettel Cloud ecosystem, becoming the largest cloud computing service provider in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel picks Taiwan’s UfiSpace for massive 5G roll out

Viettel picks Taiwan’s UfiSpace for massive 5G roll out

Vietnamese tech giant Viettel has selected Taiwanese 5G solutions supplier UfiSpace to jointly deploy disaggregated cell site gateways for Viettel’s massive 5G rollout in Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

FPT, VinFast join global chip supply chain

FPT, VinFast join global chip supply chain

Vietnamese giants FPT and VinFast are entering the world's semiconductor industry amid a global shortage of this critical part in automobile and electronics manufacturing.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel leads pack as top 3 Vietnam brands valued at $14.5 bln

Viettel leads pack as top 3 Vietnam brands valued at $14.5 bln

Telecom giant Viettel is Vietnam’s most valuable brand at $8.8 billion, followed by VNPT ($2.9 billion) and dairy firm Vinamilk ($2.8 billion), according to brand valuation consultants Brand Finance.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam can become world's major data center market: Cushman & Wakefield

Vietnam can become world's major data center market: Cushman & Wakefield

Vietnam can become a major global data center market given the country's political stability, absence of terrorism and low incidence of natural disasters, according to Cushman & Wakefield.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

More foreign firms eye chip component projects in Vietnam

More foreign firms eye chip component projects in Vietnam

Vietnam is attracting attention of foreign companies as a destination for producing chip components amid a global shortage of this critical part in automobile and electronics manufacturing.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam willing to facilitate Qualcomm chip making: deputy minister

Vietnam willing to facilitate Qualcomm chip making: deputy minister

Vietnam's willing to create best conditions for U.S. wireless technology giant Qualcomm to build chip research, development and testing facilities in the country, said Deputy Minister of Information and Communications Pham Duc Long.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel Group unit scores $17 mln green loan for data center

Viettel Group unit scores $17 mln green loan for data center

Information technology infrastructure developer Viettel IDC has secured a loan facility of VND400 billion ($17 million) from HSBC Vietnam to build a data center in Hanoi.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Telecom giant Viettel eyes chip production amid global shortage

Telecom giant Viettel eyes chip production amid global shortage

Military-run Viettel, Vietnam's biggest telecom group, is seeking the prime ministerial okay to make chips for domestic and overseas markets.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Telecom giant Viettel posts $1.14 bln profit in H1

Telecom giant Viettel posts $1.14 bln profit in H1

Military-run group Viettel reported a pre-tax profit of VND26,600 billion ($1.14 billion) in the first half of the year, up 21.7% year-on-year, a four-year record high.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel Global reports seven-fold profit increase in H1

Viettel Global reports seven-fold profit increase in H1

Viettel Global, one of Vietnam's biggest overseas investors, earned an after-tax profit of VND2,156 billion ($92.32 million) in the first half of 2022, 7.4 times year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

MB Bank reaps $408 mln profit in H1

MB Bank reaps $408 mln profit in H1

Military Bank (MB Bank) reported a Jan-June after-tax profit of VND9,520 billion ($408 million), up 49% year-on-year.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7