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Retail Asia12/01/2024

Electronics retailer FPT Retail has unveiled its own mobile virtual network, marking it as the country’s fifth such network. Known for operating the FPT Shop chain and being a subsidiary of the tech giant FPT, FPT Retail does not have its own network infrastructure but leases network services from MobiFone and offers subscriptions to consumers […]

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Retail Asia09/01/2023

Telecom giant MobiFone reported a decline in profits and revenues in 2022, and said they fell short of targets. At a review meeting on January 5 the company said revenues fell to VND28.329 trillion (US$1.18 billion), and profits to VND2.71trillion. They had been VND31 trillion and VND4.96 trillion in 2021. The bright spot in the […]

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Retail Asia24/10/2022

With over one million subscribers, the country’s three mobile virtual network operators, who piggyback on large telecom companies, have a market share of 1%. iTel, Reddi and Local do not have their own infrastructure or radio frequencies and instead pay to use VinaPhone, Viettel, MobiFone, Vietnamobile, or Gtel’s. iTel, which depends on VinaPhone’s infrastructure and […]

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Retail Asia18/10/2022

The mobile money service, which allows users to deposit, withdraw, pay or transfer money on mobile devices, has signed up nearly 2.2 million subscribers in eight months. Of the customers, 69% are from rural and mountainous areas, according to the Ministry of Information and Communications. The service are jointly offered on a trial basis by […]

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Retail Asia27/06/2022

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Vu Minh Tri, former CEO of Microsoft Vietnam, is the new CEO of pay TV firm AVG. Tri, 49, replaces Mai Duy Long, also 49, who helmed AVG for nearly two years. Tri, who became the CEO of Sony Ericsson Vietnam in 2006, has since taking top positions in the Vietnam operations of Yahoo, Qualcomm […]

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Retail Asia03/06/2022

Telecom giant Mobifone has named Nguyen Hong Hien as its new chairman until 2027. Hien, 48, replaces Nguyen Manh Thang, who becomes a board member at the state-owned Vietnam Posts and Telecommunications Group (VNPT). Prior to joining Mobifone, he was head of the technology and infrastructure department at the Commission for Management of State Capital […]

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Retail Asia19/01/2022

Vietnam will start researching 6G wireless networks in 2022, says Information and Communications Minister Nguyen Manh Hung. Addressing a 2021 telecom review conference last weekend, Hung said Vietnam’s telecom industry should “be in the top group in terms of deploying 5G and developing 6G networks in the world.” He said Vietnam will carry out 6G […]

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Retail Asia02/11/2020

Telecom giants Viettel and Mobifone have received licenses to commercially test 5G broadcast in Vietnam’s two largest cities. Military-owned Viettel has been allowed to test in Hanoi with a maximum of 140 base transceiver stations while state company MobiFone can do so in Ho Chi Minh City with 50 stations. The tests will help the […]

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Retail Asia02/10/2020

Telecom operator MobiFone has promised free data, calling, and text credit to customers affected by a network error lasting hours on Tuesday. It will offer 7.5 gigabytes of data for free to subscribers using smartphones and 1,000 minutes of calls in case of feature phones. On Tuesday many subscribers complained they were unable to make […]

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Retail Asia06/05/2019

Vietnamese operators MobiFone, VNPT and Viettel have all submitted proposals to participate in pilot mobile money services. Vietnam’s prime minister Nguyen Xuan Phuc has directed the telecommunications ministry and the State Bank of Vietnam to develop a project that will allow operators to pilot mobile money services not linked to customers’ bank accounts. The three […]

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Retail Asia10/12/2018

Vietnamese telecom firms are seeking a head start in the 5G race as the country becomes an early adopter of the technology. State-owned Vietnam Posts and Telecommunications Group (VNPT) recently signed a deal with Finnish telecom firm Nokia to develop 5G solutions and technology for the Internet of Things. The three-year deal is worth $15 […]

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Retail Asia27/08/2018

MobiFone has named deputy general director Nguyen Dang Nguyen as its new CEO in place of the disgraced Cao Duy Hai. Hai, 57, was removed last Tuesday for his role in the illegal acquisition of a TV firm in 2016 by the Ministry of Information and Communications, which runs the corporation. Nguyen also remains deputy […]

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Retail Asia08/05/2018

The telecommunications giant has not repaid AVG investors. MobiFone has confirmed to authorities that it has been refunded in full from a private pay TV firm after the deal between these companies fell through. The state-run telecommunications giant said that a total of VND8.9 trillion ($390 million), equivalent to a 95 percent stake in Audio […]

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Retail Asia15/03/2018

Vietnam Mobile Telecom Services Corporation (MobiFone) and shareholders of multimedia company Audio Visual Global (AVG) on Monday decided to cancel the share transfer agreement between the two companies. The decision was made several days after the Party Central Committee (PCC)’s Secretariat asked the Government to soon release the inspection results of a VNĐ8.89 trillion (US$395 […]

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Retail Asia17/08/2017

Vietnamese state-owned operator MobiFone has been instructed to complete a privatization and restructuring process known as equitization in 2018, while former parent VNPT has been instructed to equitize in 2019. The Ministry of Information and Communications plans to assess and approve the restructuring plans of MobiFone as well as Vietnam Television Corporation and VNPost by […]

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Retail Asia24/08/2016

Singtel has joined the ranks of operators interested in becoming the strategic partner of Vietnamese operator MobiFone. Singtel’s VP for business development Oliver Foo met with deputy ICT minister Pham Hong Hai recently to discuss a possible investment in the venture. The Vietnamese government plans to privatize the currently state-owned operator MobiFone, and is seeking […]

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Retail Asia09/08/2016

MobiFone is leveraging Ciena technology to build the Vietnamese operator’s first high-capacity converged packet-optical network. Currently provisioned with 300Gbps, the network spans more than 1,400 kilometers across the country from Hanoi to Ho Chi Minh City. This will help MobiFone provide high-speed mobile broadband services to businesses and consumers in more than 25 local provinces. […]

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Retail Asia22/07/2016

Vietnam’s second largest mobile operator Mobifone has constructed its fist high-capacity converged packet-optical backbone network using equipment from Ciena. The operator has deployed a network spaning more than 1,400km from Hanoi to Ho Chi Minh City. The network currently has a capacity of 300Gbps. Mobifone plans to use the network to provide high-speed mobile broadband […]

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Retail Asia08/06/2016

A number of international telecoms operators have reportedly expressed an interest in participating in the privatization of Vietnamese state-owned operator Mobifone. Companies including Norway’s Telenor, Sweden’s Comviq and Australia’s Telstra have shown interest in acquiring stakes in the company. Mobifone has an estimated brand value of $539 million. Plans for the privatization of the company […]

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Retail Asia10/08/2015

Vietnam telco MobiFone says it will focus on expanding its retail presence in the coming year as it competes for market share. MobiFone Vietnam is one of three key mobile phone networks fiercely competing for a share of the nation’s burgeoning telecommunications business. In recent years rivals Viettel and VinaPhone have all stepped up their […]

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