Vietnam's Viettel Sets Up Digital Services Subsidiary; to Develop Mobile Money Service

Vietnam's Viettel Sets Up Digital Services Subsidiary; to Develop Mobile Money Service Image Credit: Viettel

Viettel, the largest mobile operator in Vietnam announced the launch of its eighth subsidiary company, the Viettel Digital Services (VDS) Corporation.

This new business is tasked with developing strategies and providing solutions to create a digital society.

One of the main goals of VDS is to fully develop Mobile Money to allow all mobile users to transfer and receive money and make payments via their mobile accounts wherever they are. This will remove the physical barriers to provide safe and simple digital financial services to people in rural and remote areas who have limited access to traditional financial services.

VDS targets to have 26 million subscribers within its ecosystem and establish 600,000 payment service points by 2025. Developing a digital society is Viettel's latest project to help Vietnam keep up in the global technology race. 

Le Dang Dzung, Acting Chairman cum General Director of Viettel Group
Viettel Digital Services Corporation or VDS will focus on developing strategies in some of the country's main industries including the digital financial sector, data services sector, credit, insurance, advertising and e-commerce sectors.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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