OVERVIEW OF THE VIETTEL MILITARY TELECOMMUNICATION GROUP

PART 1: OVERVIEW OF THE VIETTEL MILITARY TELECOMMUNICATION GROUP 1.1 General overview of Viettel With 76 million users, the military telecommunications firm Viettel is presently the biggest telecommunications business in Vietnam The Group is made up of more than 20 businesses that operate in a variety of industries such as telecommunications, investment, real estate, international commerce, and technical services Viettel generate 11.8 billion USD in sales and 1.7 billion USD in profit in 2021, making it one of the most profitable firms in Vietnam 1.1.1 Business activities:  Main lines of business: providing telecommunications, mobile, Internet-TV services, digital applications, information technology, postal, communication, and delivery  Related business lines: material trade, distribution, retail, equipment, information goods, information technology, communication Finance, banking, and real estate Training and supplying human resources to support the Group's local and international manufacturing and commercial operations 1.1.2 Goals and Missions a Goals TIEU LUAN MOI download : skknchat123@gmail.com moi nhat The goal is progress, the driving force is reform, and the foundation is humanity, peace, and unity These are three interconnected factors But the most important aspect remains unity Solidarity at Viettel must be defined as every Viettel individual, every division in Viettel thinking and acting in the highest consensus, putting the interests and future of the whole business first b Missions With the objective of Creation for People, Viettel treats each consumer as an individual who must be appreciated, cared for, listened to, understood, and treated independently The cornerstone of a successful company is social Viettel is also devoted to reinvesting in society by integrating manufacturing and economic operations with social activities, including initiatives for health care, education, and poverty assistance Viettel's dedication to customers, partners, investors, society, and ourselves is reflected in all of the company's actions These ideals serve as the foundation for Viettel's efforts to create an innovative company for people 1.1.3 Milestones 2007 Viettel Global Investment JSC was established according to the Business Registration Certificate no 0102409426 issued on October 24, 2007 by the Department of Planning and Investment of Hanoi city The initial share capital was 960 billion VND 2008 1/2008: Viettel Global received the investment project in Cambodia from Viettel Group 2/2008: Viettel Global concluded a joint venture contract with Lao Asian Telecom (LAT) to establish Star Telecom Co., Ltd in which Viettel holds 49% share capital, officially started investment in Laos 2009 2/2009: official launch of telecommunications network in Cambodia, started business operation and services provision in the country 10/2009: official launch of telecommunications services in Laos 2010 2/2010: establishment of Viettel Overseas Co., Ltd to implement the investment project on the expansion of the telecommunications network in Haiti TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP 11/2010: Viettel Global won the tender of the investment project of a telecommunications network in Mozambique 2011 9/2011: official launch and started business operation of telecommunications services in Haiti 2012 5/2012: Official launch and started telecommunications services provision in the Mozambique 7/2012: Viettel Global won the tender of an investment license in East Timor 12/2012: Viettel Global won the tender of the 3rd mobile license in Cameroon 2013 3/2013: Official launch of mobile services in East Timor 8/2013: Viettel Global’s Extra-Ordinary Shareholders Meeting made decision on major issues: - Change the Company’s Vietnamese name from: “Company” to “Corporation” - Increase share capital from VND 6,219,052,000,000 up to VNĐ 12,438,112,000,000 - Supplement: "Rent of machines, equipment and other tangible facilities" to the Business Registration of the Company 2014 2/2014: Receive investment license in Burundi 9/2014: Official launch of mobile services in Cameroon 10/2014: Official launch of mobile services in Peru TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP PART ANALYSIS OF VIETTEL'S BUSINESS ENVIRONMENT IN LAOS 2.1 Macro-environmental analysis – Pestel Model 2.1.1 Political and legal environment Political institutions The Lao People's Democratic Republic is a politically institutional state that leads and implements a centralized form of democracy The only legitimate political party is the Las People's Revolutionary Party The Lao People's Army is small, has little budget and insufficient resources; Their mission focused on border and domestic security, mainly against Hmong rebel groups and other opposition Together with the Lao People's Revolutionary Party and the government, the Lao People's Army is the third pillar of the state apparatus and is expected to prevent political and civil unrest or similar emergencies There is no external threat to Laos, and the Lao People's Army maintains strong ties with Vietnam The political environment and social order and safety throughout Laos have been considered stable for many years This is evident in the view of the most important policy of the Party and the State of Laos This political stability has always been considered as the most favorable and attractive opportunity for investment and production and business activities for Vietnam But Laos as well as other socialist states, Laos also followed the path to socialism, which from this point has greatly affected the psychology of investors from the socialist countries Legal system Enterprises investing in Laos are currently difficult to anticipate the difficulties and risks especially when the legal system related to investment in Laos is in the process of being revised and completed, so there are many changes, inconsistencies, lack of transparency and difficulty to access, leading to regrettable obstacles in the process of implementing projects in Laos Customs procedures are unclear, and the collection of taxes is often not in line with the set tax rates Trade law and the commercial court system in Laos are growing slowly and not transparently Trade disputes are rarely adjudicated in favor of foreign investors Cumbersome investment procedures and approval periods are not in TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP accordance with the law Lao Holdings N.V and its subsidiary Sanum Investment Limited submitted an application to the International Center for The Settlement of Investment Disputes – an independent division of the World Bank (WB) proposing to resolve legal disputes related to assets made up of Sanum Investment's direct investments in Laos, to date, more than $85 million has been raised According to Sanum, the Lao government's policies have affected investments and led to the risk that they could lose assets worth up to $400 million There are also some operating licenses and franchises of projects worth hundreds of millions of dollars As a result, Lao Holdings N.V lost $1.8 million per month In February 2018, the Lao Government issued Order No on Improving Business Coordination Regulations and Mechanisms in the Lao PDR, with the expectation of improving Laos' position in the World Bank's Ease of Doing Business rankings As a result, the process of establishing a business is faster due to the simplification of the procedures for applying for licenses and registering company seals from 174 days to less than 40 days Tax administration has always been considered one of the biggest barriers to trade in Laos in surveys for small and medium-sized enterprises The World Bank ranked Laos 154th out of 190 economies in 2019 in terms of ease of doing business In addition to these challenges, the Lao government is also creating a series of more suitable conditions through revised laws, aiming to create a foundation for investor trust such as land incentives, corporate income tax reduction, ensuring an equal competitive environment Vietnam-Laos relationship Vietnam and Laos are two countries with a long tradition of friendship Under the leadership of the two Parties, the two peoples have "committed to suffering" throughout the historical journey against the aggression of the empires as well as in the period of national defense and construction and development The two countries always attach great importance to this special traditional relationship, help each other in all aspects, overcome difficult roads together, stand together on the path of renovation and development of the country in the direction of socialism In the economic field, up to now, trade agreements have been signed with the aim of further expanding trade relations between the two countries on the basis of mutually TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP beneficial equality, respecting the tradition of cooperation and international trade practices With efforts, Vietnam - Laos trade exchange is constantly increasing The two countries are working to boost bilateral trade in 2021 by 10 to 15 percent from last year, potentially reaching $1 billion as planned Vietnam remains Laos' third largest trading partner (after Thailand and China), one of the three largest investors in Laos with 413 projects and a total registered capital of US$4.22 billion, up 35% from 2010 Preferential mechanisms on import and export tax for goods originating from the two countries are continued by the two sides with an ever-expanding list Especially in 2020, there was a breakthrough with new and adjusted projects, accumulated capital of more than 143 million USD, up 130% over the same period in 2019 Many investment projects promote efficiency, production, and business profitably, contribute positively to the development of the two countries, create jobs, increase social welfare, help Laos well implement poverty eradication policies Although there are still difficulties in terms of capital, Vietnam always gives certain development aid to Laos, in the period of 2016-2021 is VND 3,250 billion, funded for many different fields, the most priority for human resource development 2.1.2 Economic environment Size of economy Laos has one of the fastest economic growth rates in ASEAN and has maintained a rate of about 7% per year in recent years (from 2009 to 2017) The inflation rate is quite low (1.3-2% per year) Simple investment mechanism, expanding bank credit for agriculture and small businesses, developing special economic zones it has contributed to attracting foreign investors and helping the Lao economy develop well Laos' total GDP reached 18.17 billion USD, the GDP growth rate was 4.7% and in 2019 according to the World Bank report Despite this, the Lao economy still has many difficulties, the infrastructure is in the development stage, labor productivity and labor quality are still low Laos' economic development depends largely on mining, electricity, foreign investment (FDI) and foreign aid The road system is currently at a basic level, but is improving, and there are restrictions on telecommunications in internal and external lines Electricity is available TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP By the end of 2017, nearly 40 million customers from international markets used Viettel’s mobile services, broadband Internet, landlines and wireless phones As mentioned earlier, as of June 2018, Viettel attained profit in markets, of which markets including Laos, Cambodia and Timor-Leste has returned the initial Capital investments To date, Viettel Global is generating profits of four-to-five times higher than the initial investments in these three markets (Thanh Thu, 2018) Encouragingly, Viettel was the top telecommunications provider in terms of market share in five countries, including Cambodia, Laos, Timor-Leste, Mozambique and Burundi (Viettel Global, 2017) Viettel Global’s revenue from telecommunication services on foreign markets has grown rapidly and continuously The annual growth rate was 21.5% in 2016, which was more than double that of 2015, and increased by 2.5% at 24% in 2017 (Viettel Global, 2017) The number of customers in foreign markets was 13% in 2017, which was four times higher than that of the global average (about 3%) New African markets continue to see strong growth rates at 1,343% for Viettel Tanzania, 43% for Viettel Cameroon 43% and 42% for Viettel Burundi (Minh Anh, 2018) In Myanmar - the newly-penetrated market, Mytel (also known as Telecom International Myanmar Co) had more than million subscribers just in over a month after the official launch on June 9, 2018, surpassing Viettel Global’s target of to million subscribers in the whole 2018 (Tu An, 2018), contributing to Viettel’s business achievements on foreign markets 3.1.1 Selecting target markets and target groups of customers Prior to the decision to invest in and penetrate into the international market, Viettel Global had conducted intensive research on the potential and development of telecommunication market in different regions o f the world The data compiled in 2015 on mobile-broadband telecom services, one of Viettel Global’s strengths, showed that there were over billion mobile cellular subscriptions worldwide, up from less than one billion in 2000 (ITU, 2015) Correspondingly, the annual growth rate was over 14% Also as of 2015, the number of mobile cellular subscriptions per 100 inhabitants worldwide was 46.1 while that of developed countries was 81.3 Whereas, these figures for the AsiaPacific region and Africa were only 42.3 and 17.4, respectively (ITU, 2015) According to Viettel Global (2015), the number of mobile subscriptions in the world between 2015 and 2019 is forecasted to increase by 1.3 billion (from 7.2 billion by TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP the end of 2015 to 8.5 billion by the end of 2019), equivalent to an annual growth rate of 4.2% In this period, the 20 fastest-growing markets are predicted to be emerging markets in Africa and the Central and South Asia With the highest growth rate of 7.4% annually, Africa is considered a high potential market Forecasted annual growth rates of mobile subscriptions in the world and by region, (2015-2019) Africa 7.40% Middle&South Asia 5.10% Middle East 4.30% Southeast Asia&Oceania 3.90% Latin America&Caribbean 3.10% North America 3.00% East of Europe West Europe 1.90% 0.90% The World 4.20% Source: Viettel Global (2015) The first factor that Viettel Global considered when selecting a target country was the potential of telecommunication Service business and its political, cultural and social environment They can have different impacts on the telecommunication market development Subsequently, the competitive environment, potential competitors, threats from substitute Products or pressures from customers and suppliers and so on were weighed up In addition, the natural environment factor that has an impact on input, output and the speed of implementation was also taken into account In South Asia, Laos, Cambodia, Timor-Leste and Myanmar are the markets with high potential and low barrier to entry In addition to the advantage of similarities in the cultural, social and natural environment, the density of mobile cellular subscriptions of these countries is low compared to the regional average and those of the Philippines and Vietnam More importantly, the annual growth rates of subscriptions in these countries were very high TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP Table Mobile cellular subscriptions per 100 inhabitants 3.1.2 Market penetration and investment strategies In early 2018, Viettel Global established 10 subsidiaries and joint ventures in 10 foreign markets, of which subsidiaries and branches were directly invested by Viettel Global The others were joint ventures between Viettel Global (holding more than 40% of charter Capital) and major local enterprises Table Viettel Global’s subsidiaries, their brands and methods of investment in 10 countries Country Enterprise Brand Method of investment Cambodia Viettel (Cambodia) Pte., Ltd Metfone Direct investment Laos Star Telecom Co., Ltd Unitel Timor-Leste Viettel Timor Leste Telemor Direct investment into Viettel Unipessoal Lda Myanmar Telecom International Joint venture branch Mytel Joint venture (49%) TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP Myanmar Co Cameroon Viettel Cameroun Nexttel Joint venture Burundi Viettel Burundi S.A Lumitel Direct investment Tanzania Viettel Tanzania Ltd Halotel Halotel Joint venture Mozambique Movitel, SA Movitel Joint venture Peru Viettel Peru SAC Bitel Direct investment Haiti Natcom SA Natcom Joint venture 3.2 Viettel's entry into the Laos telecom industry Viettel Global selects a joint venture in Laos It established a joint venture with Laos Asia Telecom Company, namely, Star Telecom, to create the Unitel telecommunications brand, with Viettel Global contributing 49 percent of the capital investment in the form of equipment 3.2.1 Company Information Company name: Star Telecom Co, Ltd Address: Nongbone road, Phonxay village, Saysettha district, Vientiane Capital, Lao P.D.R Website: www.unitel.com.la Brand name: Unitel “Uni” is extracted from the word “United” – which has similar meaning to solidarity This is a social value highly respected by Laotian people Unitel is created as a telecom network to connect the Laotian and bring them a better life TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP Established: 2007 Service launching: November 2009 Employees: 1.540 staffs Services providing: Mobile, Internet, fixed broadband Unitel is the leading mobile operator in Laos accounting for 47% market share with 1.8 million customers, owning the biggest telecom network in terms of:  Network infrastructure with more than 21,000 km fiber optical cable and 3,100 base stations (2G and 3G)  Distribution channels with 143 shops, 174 agents and sales points, 400 sales people  Customer care system with 200 agents/shift at the same time  International Awards achieved: Best Operator in Emerging Market by World Communications Awards (2012) Star Telecom created 3,500 km of fiber-optic transmission network for 17 cities throughout the nation in less than a year, which is joined by Viettel Vietnam and Viettel Cambodia to establish a Vietnam-Laos-Cambodia Central transmission line Star Telecom completed the greatest fiber-optic transmission network of 17,000 km and 2,500 transmitters in July 2012, covering all districts and being utilized by 95 percent of Laos' population It was a similar approach to Cambodia's of investing in high-quality, systemized technology infrastructure to deliver the greatest services for local citizens by making communications services more accessible 3.2.2 Viettel Global selected a joint venture to enter the Lao telecoms market The entry modes always play an important role for any organization that wants to enter international trade and work place They are very important in determining the profitability and success of an organization or a business entity It sets the objectives, goals, resources and policies that always guides the operations international business It aims at ensuring that an organization attains sustainable growth in the global markets The main three entry modes to international markets will include: TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP The factors that influence the entry modes are the key issues that an organization has to check before it involves itself in selecting the way its going to enter the foreign market Based on the models, certain factors are suggested for Viettel's choice to choose a market entrance option in Laos The most appropriate market entrance strategy for Viettel should be joint venture for various reasons: a Government assistance Viettel Global has a significant edge in the Lao market because to governmental backing and economic collaboration between Vietnam and Laos Viettel is a state-owned enterprise With government backing, notably in the telecommunications sector, Viettel may find it simpler to penetrate the new market Opening a joint venture with the Lao government's telecom business might be a huge chance for Viettel to compete with other current market competitors b Lower the expenses Because of the party's existing infrastructure, Viettel just has to engage in further modifications to deliver better quality telecom services generally to suburb regions, requiring less expenditure As a consequence, the costs of modifications and innovations may be reduced TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP c Suit the market's culture Viettel has successfully implemented the worldwide business model of joint venture in countries across the globe With the strategy of transforming the brand name into the local language and culture, the joint venture market entrance method may be the best option, as it has a high potential of agreement from the parties that share the same goals and achieve the same success TIEU LUAN MOI download : skknchat123@gmail.com moi nhat OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATIO N.GROUP OVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECOMMUNICATION.GROUPOVERVIEW.OF.THE.VIETTEL.MILITARY.TELECO MMUNICATION.GROUP