Telecom giants must develop equitisation plans: MIC
The three telecommunication groups under direct management of the Information and Communications Ministry (MIC) will have to develop their equitisation plans in 2017, according to Minister Truong Minh Tuan.
The three telecommunication groups under direct management of the Information and Communications Ministry will have to develop their equitisation plans in 2017 (Photo: vfpress.vn)
Hanoi (VNA) - The three telecommunication groups under direct managementof the Information and Communications Ministry (MIC) will have to develop theirequitisation plans in 2017, according to Minister Truong Minh Tuan.
The three groups are the Vietnam Post and Telecommunications Group (VNPT), VietnamMultimedia Corporation (VTC) and MobiFone TelecommunicationsCorporation (MobiFone).
The equitisation of the three telecom giants has to be speeded up in accordancewith a December 2016 decision by the Prime Minister on criteria todifferentiate State-owned enterprises (SOEs) and State-invested companies, headded, speaking at a meeting on January 23.
Along with the decision, the PM also published the list of 240 SOEs that haveto be equitised by 2020. On the list of 240 SOEs to be equitised, VNPT andMobiFone are the two among 27 firms in which the Government will hold 50-65 percentownership. VTC is among 106 SOEs in which the State’s stake will be reduced tobelow 50 percent.
Among the rest of the 240 SOEs, the State’s ownership will remain 100 percentin 103 SOEs while its stake will stay over 65 percent in four others.
VNPT in 2016 recorded revenues of 135 trillion VND (6.09 billion USD), up 7 percentfrom 2015, whereas income rose by 20 percent to 4.16 trillion VND.
MobiFonereported revenues of 38.4 trillion VND, up 14.5 percent from 2015 with 19million subscriptions. VTC surpassed their goal for 2016, with total revenuesreaching 5.2 trillion VND, up 39 percent compared to 2015.
The Government has enhanced divestment from SOEs, ranging from breweries todairy producers. Those deals have attracted intense attention from foreigninvestors given that Vietnam is one of the fastest growing economies due to itsyoung population and rapidly increasing export turnover, the Wall StreetJournal reported last week.
In the past 15 years the number of SOEs has fallen from around 6,000 to over700. Between 2011 and 2015, almost 600 SOEs were equitised, 96 percent of thetargeted number. -VNA
Speeding the equitisation of State-owned enterprises (SOEs) and development of the stock market is important to secure a Government policy to restructure businesses over the next five years.
In a new move, the Government has announced the rate of State-ownership in firms that are set to be equitised, instead of fixing the rates by sectors as usual.
Two giants mobile network operators MobiFone Telecommunications Corporation (MobiFone) and Vietnam Post and Telecommunications Group (VNPT) are aiming to conduct their equitisation in the 2016-2020 period.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
The week features a rich lineup of activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.
According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
The three telecommunication groups under direct management of the Information and Communications Ministry will have to develop their equitisation plans in 2017 (Photo: vfpress.vn) 
