Established in 1995, Viettel Construction has been a construction unit of telecommunications infrastructure for Viettel Group since the early days, carrying out the mission of telecommunications coverage to the areas where the Group does business. After completing the mission of infrastructure construction and development, Viettel Construction will terminate investment in host countries, on the basis of strict compliance with the provisions of the law of the host country and Vietnam in dealing with legal issues. employees, settlement of debts, tax finalization... and procedures for business dissolution, project termination.
The capital representative at the subsidiaries is responsible for carrying out the procedures for the dissolution of the Company in accordance with the provisions of Vietnam and the laws of the host country. The General Director was assigned to complete the termination of outward investment in the two markets of Mozambique and Laos.
Phim ngắn Vietnam Connecting East Africa: https://www.youtube.com/watch?v=CZmfRWoNDDk&t=236s
In addition, Viettel Construction also adjusted overseas investment activities in the Cambodian market: The Corporation bought back contributed capital from individual investors to own 100% of the total investment capital of the project.
After performing the divestment, Viettel Construction has 3 subsidiaries operating in foreign markets, including:
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Viettel Construction Cambodia Co., LTD.
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Viettel Construction Myanmar Co., LTD.
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Viettel Construction Peru S.A.C
Accordingly, business activities in foreign markets in October helped Viettel Construction bring in revenue of USD 3.7 million, up 69.1% over the same period (△ = USD 1.5 million), up 7.4% over the previous month. Inside:
– Myanmar market: recorded revenue of 2.1 million USD, up 96.5% over the same period (△ = 1.06 million USD), up 1.4% over the previous month. This result contributed from operating revenue of USD 2 million, from the construction segment of USD 165,217.
– In Cambodia: Revenue reached 1.1 million USD, up 59.3% over the same period (△ = 408.696 USD). In which, the revenue from VHKT reached 1.06 million USD.
– In Peru: Recorded revenue of USD 243,478, up 1.2% over the same period, up 8.6% over the previous month.
– In Mozambique: Revenue reached 217,391 USD, up 67.8% over the same period, increasing 100% over the previous month.