In 2017, Viettel Construction officially registered to trade on UPCom with the stock code CTR, chartered capital at that time was 471.2 billion dongs. After 3 times of paying dividends, Viettel Construction's charter capital has increased to over 704 billion dongs, of which Viettel is the largest shareholder, holding 73.2% of the company's charter capital.
As a subsidiary of Viettel Group's ecosystem, Viettel Construction has the best resources in many aspects such as network system, large customers, financial potential, core personnel, information technology systems, modern and improved equipment. Along with the timely support of the Parent Company, problems are often thoroughly resolved, and the Company's development orientation in each field is consulted and supported in detail.
Expand business orientation with 4 pillars
Viettel Construction owns a team of more than 8,000 experienced IT and telecommunications engineers with 15-20 years of experience in construction, investment, management, and development of telecommunications and IT infrastructure. The large workforce covers 63 provinces and cities and also in international markets that Viettel Group invests, up to 10,000 people, is an important factor to promote the development of traditional businesses and expansion of new business lines.
In recent years, Viettel Construction not only focuses on the field of construction and installation of telecommunications infrastructure but has expanded many new business areas with 4 pillars, including Operation and Operation (VHKT), Infrastructure for lease (TowerCo). ), Integrated Solutions and Construction.
With the field of operation and exploitation, with the field of operation and exploitation, Viettel Construction is currently the largest unit in Vietnam when directly operating the telecommunications infrastructure of the parent corporation - Viettel (both domestically and abroad). As of June 2020, Viettel Construction is deploying and operating Viettel's access network for 62 provinces/cities nationwide with the number of operations 34,000 BTS stations, 3,000 subscriber pairs, and in 26 market provinces. Cambodia, Myanmar.
In addition, Viettel Construction also promotes the operation of fiber optic networks for units outside the Group such as 1,500 km of fiber optic cables of the Ministry of Public Security, CMC, and 126 stations for Towerco NTD in Myanmar.
With the field of Infrastructure for rent (TowerCo), Viettel Construction set a target to shift from a telecom construction, installation, and operation unit to the number one investor and leasing telecommunications infrastructure in Vietnam by 2025.
With long-term experience in the construction and operation of telecommunications infrastructure, Viettel Construction is knowledgeable about techniques, organization, management, and operation methods with available and skilled operating apparatuses in 63 provinces/cities.
Currently, all 3 carriers namely Viettel, VNPT, and MobiFone have a nationwide station network, but they have not been leased/shared or designed to serve the purpose of sharing infrastructure. With the trend of network operators moving to share infrastructure to optimize costs, increase investment efficiency, and with years of experience in operating telecommunications infrastructure in 63 provinces/cities, Viettel Construction has great opportunities. to expand in this area.
As of quarter 2/2020, Viettel Construction owns 4 underground lines (21.8km) in Hanoi; DAS infrastructure in 20 buildings (2.5 million m2) in Hanoi, Ho Chi Minh City, Hue, Da Nang, Thai Nguyen, and Quang Ninh; fixed broadband infrastructure in 02 buildings (4,400 apartments) in Hue, Hanoi; 239 small-cell BTS stations and 414 macro BTS stations; 2,600 square kilometers of fiber optic cable.
With the construction and installation field,with the construction and installation field, Viettel Construction is the number one unit in Vietnam in terms of the volume of telecommunications works and infrastructure that have been built and installed since the time the telecommunications industry was newly developed in Vietnam. Viettel Construction has achieved many achievements such as constructing 142,000 km of fiber optic cable, accounting for 45% of Viettel's optical fiber lines globally; building 50,000 broadcasting stations, making Viettel become the mobile network with the number 1 network in Vietnam.
In addition, the Company has installed 2G, 3G, 4G equipment systems for Viettel in the country as well as in foreign markets in Asia, Africa, and America,...
Viettel Construction aims to expand into the field of civil engineering, which is expected to grow 8% / year in the period of 2021 - 2025 thanks to a large team of engineers, not limited to construction skills in all fields.
Area of Integrated Solutions,is a new business segment of the Company, focusing on two segments: energy and electromechanical. The company's products are Solar energy solutions, renewable energy; Electromechanical solutions (electronics, civil electricity ...); ICT solutions (wifi, camera ...); Smart solutions (Smartcity, ...).
In the energy sector, Viettel Construction determines that the provision of rooftop solar PV construction and integration solutions is a strategic spearhead in the period 2021 - 2025. With the M&E segment, Viettel Construction aims to provide services to participating projects construction prices of investors such as FLC, VinGroup, SunGroup, Flamingo, individual customers in need ...
Abundant financial potential, stable business growth
Over the past years, Viettel Construction's business has grown positively in terms of both revenue and profit. In 2019, Viettel Construction's consolidated revenue reached nearly VND 5,100 billion, up 18%, and profit after tax was VND 181 billion, up 23% over the previous year. Earnings per share (EPS) in 2019 reached 2,980 VND.
The ratio of return after tax/equity (ROE) reached 21.83%. At the annual shareholder meeting held in early June, Viettel Construction's leader stated that the company will maintain a minimum annual ROE of over 20%.
One noteworthy point, unlike many other companies in the same industry, Viettel Construction's financial situation is very healthy without using financial leverage (debt / total assets = 0). By the end of 2019, Viettel Construction has more than 800 billion VND in cash and equivalent, accounting for one-third of the total assets of the company.
In the first 6 months of 2020, although the economy was heavily influenced by Covid 19, Viettel Construction's business results continued to grow positively with revenue of VND 2,686 billion, an increase of 11%, and profit after tax. 98.4 billion, up 28% over the same period last year.
According to the plan, by 2025, Viettel Construction's revenue will reach 10,000-11,400 billion VND and pre-tax profit will be 300-500 billion VND.
Source: https://tinnhanhchungkhoan.vn