Home MMBIZ News Viettel Plans Investments in Myanmar, Tanzania

Viettel Plans Investments in Myanmar, Tanzania

Vietnam’s military-run telecom group Viettel is seeking investment opportunities in Myanmar and Tanzania in a bid to raise overseas incomes,  a top official said.

Viettel has applied for a mobile service licence in Tanzania, right beside its current market of Mozambique. The group is likely to obtain a business licence in the market in the near future.

Le Dang Dung, deputy general director of Viettel, said although Viettel has failed in the bidding for a telecommunications licence in Myanmar, it is seeking cooperation opportunities with winning bidders to launch services in the country.

Viettel is trying to tap three new markets every year, targeting to make overseas revenue account for 20-30 percent of total revenue of the group in 2020, Dung said.

If the enterprise wins a business licence in Tanzania, Viettel will raise the total number of its foreign markets to eight, the other seven being Timor Leste, Peru, Cameroon, Mozambique, Cambodia, Laos and Haiti.

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