TowerCo's No. 1 location in Vietnam and multi-service ecosystem
Viettel Construction Joint Stock Corporation (Viettel Construction) was established on October 30, 1995. Starting with the construction and installation of the entire domestic and international telecommunications network infrastructure for Viettel Group, after 29 years of construction and development, the company has become the leading telecommunications network infrastructure operator in Vietnam.
To date, Viettel Construction has established a domestic telecommunications network infrastructure system with more than 50,000 broadcasting stations, 320,000 km of fiber optic cable (equivalent to 8 circles around the earth), covering 100% of Vietnam's territory including sea and island areas, remote areas. At the same time, the Corporation is also a pioneer in building telecommunications infrastructure in 10 countries in Asia, Africa and America.
Currently, Viettel Construction owns 8,447 BTS stations; 2.45 million m2 DAS; 2,716 km of transmission; 16.92 MWp of solar energy as of the end of September 2024. Of which, 230 BTS stations have more than 2 network operators leasing locations with a shared usage ratio of 1.03. With its outstanding capacity, Viettel Construction has become the No. 1 Telecom Infrastructure Leasing Investor (TowerCo) in Vietnam. It is expected that by 2030, Viettel Construction will increase the number of BTS stations owned to 30,000 stations.
With the strong growth rate of 5G, Viettel Construction will continue to increase the number of its BTS stations to 30,000 stations.
Construction worker's courage
With the new business strategy, Viettel Construction aims to become a leading technology company, providing services based on technical platforms with the highest efficiency by 2025, to promote the industrial revolution to businesses and households in Vietnam.
With a solid resource base, a team of highly qualified engineers and technicians, and a wide network across 63 provinces and cities nationwide, Viettel Construction is operating in 5 main business areas: Infrastructure for rent (HTCT); Operation and exploitation (VHKT); Civil construction (XDDD); Integrated services & solutions (DV & GPTH); Information technology (IT). For this step, promoting the development of the civil construction market for both business customers (B2B) and households (B2C) is the strategic focus.
With a team of experienced engineers and experts, Viettel Construction has brought changes to millions of homes.
Especially in the Civil Construction and Integrated Solution Services sector, Viettel Construction's strength and courage have been proven, making its mark with project coverage of up to 697/701 districts (as of September 2024), equivalent to 99% of districts with construction and installation works of the unit. Promoting civil works associated with the "All in One" integrated service solution (construction, equipment supply, warranty and maintenance...) targets 25 million Vietnamese households, contributing to popularizing smart home service applications throughout society.
Dare to challenge to break through, impressive growth figures, outstanding business results are a guarantee for all the persistent efforts of the Construction People over the past 29 years. According to the latest report, in the first 9 months of 2024, the enterprise recorded 9,141.4 billion VND in revenue, an increase of 11% over the same period, of which 82% of revenue came from the domestic market and 18% came from the foreign market; pre-tax profit reached 483.5 billion VND, an increase of 4% over the same period, completing 72% of the revenue and profit plan for 2024.
At the same time, Viettel Construction's stock code CTR also made a strong impression on the stock market. Just two years after being listed, Viettel Construction's stock code accelerated rapidly when it continuously "reached the top", the price increased "to the ceiling". Since the beginning of the year, this stock has increased by 48% in value, the capitalization has reached over 15,200 billion VND. And in the near future, Viettel Construction will pay 2023 cash dividends at a rate of 27.2% (each share will receive 2,720 VND).
With all its efforts, Viettel Construction has always demonstrated its mettle as a leading enterprise with outstanding growth rate. With a strategy until 2025, the company has achieved positive results, revenue growth of 21%/year, far exceeding the plan of 14%/year; profit growth of 24%/year, higher than the target of 15%; bringing the operation and exploitation sector to approach foreign markets.
In recent years, the unit has continuously received prestigious awards: Top 500 Largest Enterprises in Vietnam; Top 500 Largest Enterprises in Southeast Asia; Top 500 Fastest Growing Enterprises in Vietnam; Top 500 Enterprises Creating Leading Value in Vietnam; Top 50 Enterprises with Excellent Profit in Vietnam; Mid Cap Award Most Favorite by Investors and Most Highly Recognized by Financial Institutions;...
5G is the future…
Telecommunication infrastructure is the foundation of connectivity, Viettel Construction benefits from the development of 5G and the next generations of telecommunications in the future. The market space expands many times as customers gradually shift from traditional telecommunications users to IoT connectivity services. At that time, the role and position of Viettel Construction's infrastructure operator will become increasingly important.
Viettel Group's infrastructure currently has about 60,000 4G broadcasting stations, which means that 5G infrastructure requires at least 3-5 times more BTS stations than the current number. In 2024, the company will start providing about 6,000 5G stations, with a plan to deploy about 50,000 stations by 2030, not only for Viettel but also for other network operators to lease. "The scale is 10 times larger than the current one and Viettel Construction continues to be the TowerCo enterprise leading the market, bringing long-term growth prospects," the enterprise representative shared.
Viettel Construction's Infrastructure Leasing sector is expected to grow significantly in the near future thanks to 5G coverage.
In the coming time, Viettel Construction representative also said that they will focus on 05 key tasks: Developing a plan to increase charter capital; Increasing the proportion of external revenue to 40%; Signing and implementing 1-2 Go Global contracts; Synchronizing infrastructure and leasing 4,000 new BTS stations to maintain the top market share of Towerco in Vietnam; Operating the organization according to international standards.
Viettel Construction also targets double-digit revenue growth, at least 10%/year. The integrated solutions, construction, and infrastructure investment segments are expected to grow. In particular, the infrastructure leasing segment will grow strongly thanks to the benefits of 5G coverage. It is forecasted that by 2030, revenue from infrastructure leasing investment could reach more than VND2,000 billion, thereby contributing to Viettel Construction's total revenue reaching the milestone of USD1 billion./.