AsemconnectVietnam - Viettel Global's growth comes from two key markets, Africa and Southeast Asia, when revenue from both regions has grown strongly and exceeded VND10,000 billion.

Viettel International Investment Corporation (Viettel Global – VGI) has just released its 2022 consolidated financial statements audited by the auditing firm Deloitte Vietnam. The post-audit data is basically the same as the published Q4 report, Viettel Global officially recorded the highest revenue and pre-tax profit ever.
Viettel Global's accumulated revenue in 2022 reached VND23,630 billion - equivalent to more than USD1 billion and increased by 22.8% compared to VND19,200 billion in 2021.
Revenue increased by nearly VND4,400 billion (mainly from service provision) while cost of goods increased only slightly, bringing gross profit to nearly VND3,835 billion to VND10,959 billion. Gross profit margin on sales exceeded 40% for the first time, reaching 46.4%.
Viettel Global's growth comes from two key markets, Africa and Southeast Asia, when revenue from both regions has grown strongly and exceeded VND10,000 billion. Specifically, revenue from Africa increased by 27.9% to VND10,808 billion, Southeast Asia market increased by 24% to VND10,542 billion and Latin America market reached VND2,279 billion.
Profits from affiliates recorded in Viettel Global's business results reached VND251 billion, an increase of VND2,089 billion compared to the previous year. Besides, financial activities continued to contribute positively to the overall business results.
Offsetting selling and administrative expenses, Viettel Global recorded a pre-tax profit of VND3,014 billion, recording a profit exceeding VND3,000 billion for the first time and more than 3 times higher than the result of VND880 billion in 2021.
Profit after tax reached VND1,541 billion and profit after tax of shareholders of the parent company reached VND834 billion.
By the end of 2022, Viettel Global has total assets of more than VND50,300 billion, equity of more than VND29,100 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan