VIETTEL COMMERCE AND IMPORT – EXPORT LIMITED COMPANY

VIETTEL COMMERCE AND IMPORT – EXPORT LIMITED COMPANY, locally known as CÔNG TY TNHH NHÀ NƯỚC MỘT THÀNH VIÊN THƯƠNG MẠI VÀ XUẤT NHẬP KHẨU VIETTEL, is a key subsidiary of Viettel Group, a state-invested entity. Established in 2006, the company has played an essential role in Vietnam’s telecommunications, information technology, and consumer electronics trade. It operates from its headquarters in Cau Giay District, Hanoi, with branches and industrial facilities in multiple locations, including Nam Thang Long Industrial Park.

According to Vanguard Business Information LLC (VBI), VIETTEL COMMERCE AND IMPORT – EXPORT LIMITED COMPANY reported total assets of USD 230.28 million in 2023, marking a 1.75% increase from the previous year. However, its total sales dropped by 5.6% to USD 824.81 million, indicating shifts in market demand or operational adjustments. The company’s profit also declined by 34.39% to USD 5.6 million, a notable decrease compared to its previous years' growth trends. Despite this, the company maintained strong working capital at USD 19.28 million, ensuring liquidity in its operations.

 Chairman Do Thanh Hai, along with Director Pham Van Hung and Deputy Director Luong The Quang, leads the company, which has approximately 4,000 employees. Its core business activities include importing and exporting telecommunications equipment, IT hardware, and healthcare technology. The company also manufactures electronic components, provides technology consultancy, and offers logistics services.

VIETTEL COMMERCE AND IMPORT—EXPORT LIMITED COMPANY operates in a highly competitive sector, facing challenges such as fluctuating demand for consumer electronics, evolving technological advancements, and regulatory factors. According to VBI’s market intelligence, while the company remains a dominant force in Vietnam’s telecom and IT retail sector, market saturation and increased operational costs have impacted profit margins. To strengthen its financial performance, VBI recommends expanding into new product segments, enhancing supply chain efficiencies, and leveraging digital transformation initiatives.

As a 100% state-invested enterprise under Viettel Group, VIETTEL COMMERCE AND IMPORT – EXPORT LIMITED COMPANY benefits from government support and strategic partnerships, ensuring long-term stability. VBI’s business analysis suggests that despite recent profitability challenges, the company maintains a strong market presence. Its continued investments in technology, logistics, and high-value product offerings will be crucial for sustaining growth in Vietnam’s evolving digital economy.