SingTel signs MoU with Vietnam’s investment agency

Southeast Asia’s largest telecoms operator by revenues Singapore Telecommunications (SingTel) has signed a memorandum of understanding (MoU) with Vietnam’s State Capital Investment Corp (SCIC). In a joint statement the two companies said they planned to cooperate on matters relating to ‘corporate governance and equitisation as well as developments in investment laws and the telecommunications industry.’ SingTel sees the Vietnamese market as a prime target for maximising its business opportunities overseas. Lim Chuan Poh, its chief executive officer for international operations said: ’As part of our exploration of the Vietnamese telecoms sector, we have actively engaged key organisations such as SCIC, the Ministry of Posts and Telematics and the local operators.’