\tThe Vietnamese state announced plans to sell large stakes in Mobifone and Vietnam Posts and Telecommunications Group (VPTG) by the end of 2020, alongside a number of other interests, Bloomberg reported.<\/p>\n
In the past, Vietnam has struggled to garner investment into the many state-owned businesses operating in the country. Only 35 of the 127 companies earmarked for share sales in 2017 have completed the process.<\/p>\n
Reports state the government plans to sell \u201cup to\u201d 49 per cent of its shareholding in both Mobifone and VPTG, which owns mobile operator Vinaphone.<\/p>\n
The operators are two of the three dominant players in the Vietnamese mobile market. Figures from GSMA Intelligence for Q2 placed Vinaphone as the third-largest player by connections (including cellular IoT), with a share of 22 per cent. Mobifone ranked second on 34 per cent share, while market leader Viettel had 41 per cent.<\/p>\n
Vietnam’s latest sale will see the government dispose of a range of stakes in 93 companies, in sectors ranging from energy to banking and manufacturing.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Vietnamese state announced plans to sell large stakes in Mobifone and Vietnam Posts and …<\/p>\n
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