In the context of global instability, uncertainty, complexity and ambiguity (VUCA), successful businesses around the world and in Vietnam are forced to make profound strategic changes in business and sustainable development. Viettel Construction is no exception as it is increasingly trying to transform its business strategy from the Value Extraction Model to the Value Creation Model to bring sustainable, long-term values to the business, shareholders, employees and society.
Viettel Construction is in the Top 500 Value-Creating Enterprises in Vietnam and Top 10 Value-Creating Enterprises in Vietnam in the Infrastructure Development and Electricity and Telecommunications Construction industry group.
Within just two years of listing, Viettel Construction's stock code CTR has continuously "broken the peak". Since the beginning of 2024, the stock price has increased by more than 25%, becoming an enterprise with TowerCo business activities (investing in leasing telecommunications infrastructure) with great influence on the current Vietnamese stock market. With its financial situation and increasingly strong growth, Viettel Construction has increasingly asserted itself when being named in the list of Top 500 and Top 10 Enterprises Creating the Most Value in Vietnam in 2024.
Viettel Construction constantly strives to create sustainable values and contribute to social development.
In the first 5 months of 2024, Viettel Construction's business segments have all developed "at lightning speed". Up to now, the company's accumulated revenue for the first 7 months has reached more than 6,777 billion VND, an increase of 11% over the same period in 2023. In particular, the Infrastructure for rent segment achieved the highest growth rate of 335.5 billion VND, with the lowest proportion and the strongest growth of 40%, maintaining its position as the No. 1 TowerCo in Vietnam. With this growth momentum, Viettel Construction will move closer to its goal of entering the Top 10 TowerCo ASEAN and Top 30 TowerCo World.
The award is coordinated by Viet Research and Investment Newspaper to conduct the National Research Program on Top 500 Value-Creating Companies in Vietnam 2024 - Value 500 to research, identify and announce enterprises that create the pillar value of the Vietnamese economy, based on research and evaluation of 04 groups of indicators for each enterprise, including: Evaluation of scale and growth rate; Evaluation of profits and contributions to the budget; Evaluation of job creation and income for employees; Evaluation of ESG criteria and innovation. Value500 and Value10 are influential business communities, which are the pillars of the Vietnamese economy. Being included in the list is a great guarantee for the corporate value, brand value and operational efficiency of Viettel Construction in the fields of Infrastructure Development and Electrical and Telecommunications Construction.
The recognition of domestic and foreign organizations will be the driving force for Viettel Construction to continue to achieve success in production and business activities, contribute to the country's budget, pioneer in shaping sustainable development trends, innovate, create jobs and develop human resources for society, thereby helping to improve competitiveness, bring value to shareholders, stakeholders and the whole society./.