Ministry urged to go private

9 Mar 2005

The Vietnam Association of Financial Investors (VAFI) has backed up the Ministry of Post and Telecom’s plan to sell off state-owned cellcos Vinaphone and MobiFone. The two operators, controlled by the government-run telco Vietnam Post and Telecoms, are, according to a VAFI report, in a ‘perfect condition’ for privatisation, and ready ‘to meet the growing demand’ from new subscribers.