VNPT, MobiFone transferred to CMSC

13 Nov 2018

The management of two state-owned telecoms companies – Vietnam Posts and Telecommunications Group (VNPT) and MobiFone Telecommunications Corporation – has been officially transferred to the Committee for the Management of State Capital (CMSC). Viet Nam News reports that the Ministry of Information and Communication (MIC) previously managed the two firms, but the role has now been taken over by the recently-created CMSC, in a move aimed at improving the operators’ efficiency and competitiveness and creating new development plans for the businesses. VNPT and MobiFone are expected to undergo equitisation from next year.

Vietnam, MobiFone Telecommunications Corporation, VNPT-Vinaphone