Key facts
- Viettel has officially entered the Dominican Republic, its 11th international market.
- The company secured spectrum rights for 4G and 5G networks across 700 MHz, 2300 MHz, and 3600 MHz frequencies.
- Viettel Global was awarded a 20-year concession for 240 MHz of spectrum.
- The company plans to invest over $560 million in the Dominican Republic.
- Viettel's international operations contributed over 40% to its overall growth in 2025.
Vietnam's military-owned telecommunications giant Viettel is expanding its global footprint by entering the Dominican Republic, marking its 11th overseas market and third in the Americas. This move signifies Viettel's acceleration beyond basic telecommunications into advanced technologies.
Viettel Global, the company's international investment arm, secured the rights to use spectrum across the 700 MHz, 2300 MHz, and 3600 MHz frequency bands for 4G and 5G mobile networks. The 20-year concession was awarded by the Dominican Republic's Telecommunications Institute, which expects Viettel to establish a local legal entity and finalize agreements within 90 days.
The Dominican Republic, the Caribbean's second-largest economy with a per capita income of approximately $11,000, presents a dynamic market with growing demand for digital services. Viettel plans to invest over $560 million to build a modern network, aiming to enhance competition and reduce costs for consumers.
Viettel's international operations have shown strong growth, generating $3.34 billion in revenue in 2025, a 23.9% increase year-on-year, and contributing over 40% to the group's overall expansion. The company currently holds the largest market share in seven of its 10 existing international markets.