Military-run telecoms group has new head

Colonel Tao Duc Thang has been appointed as Chairman and General Director of the Viettel Military Industry and Telecoms Group (Viettel) in accordance with a Decision signed by Deputy PM Pham Binh Minh.

Colonel Tao Duc Thang (Photo: Viettel)

He will take office starting January 1, 2022.

Colonel Thang, born in 1973 in the north central province of Thanh Hoa, has served as Deputy General Director of the group since August 2015.

Viettel moved up 32 places to 325th in the 2021 list of the world’s 500 most valuable brands recently released by the brand valuation consultancy Brand Finance.

According to Brand Finance, Viettel performed well last year when it earned more than 264 trillion VND (nearly 11.5 billion USD) in revenue and posted year-on-year growth of 4.4 percent. Its revenue from digital services increased 27.7 percent, doubling the average growth rate of Vietnam’s IT industry (14.7 percent).

The firm also built complete platforms for market-leading digital services, especially the ones for the Government, ministries, and sectors.

Viettel’s brand value has doubled since it decided to turn from a telecoms service supplier into a pioneer in developing a digital society in 2018./.

Source: VNA

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