Wednesday , January 27 2021

Minister Nguyen Manh Hung "off" VNPT, MobiFone on "husband house"

Minister Nguyen Manh Hung said today afternoon the ceremony of signing the Minutes of Surrender of State Capital to the companies of the Ministry of Information and Communication "Girl to the husband's home".

Two companies have been transferred: Vietnamese Business and Telecommunication Group (VNPT) and MobiFone Telecom Corporation.

The total assets of these two companies are RSD 128.162 billion, which is $ 5.6 billion. MobiFone has total assets of VND32,529 billion, a capital of USD 18,928 billion. VNPT has total assets of 95.633 billion VND and capital of 64.701 billion VND.

Compared to the total list of 19 franchise owners, the shares accounted for 8.2% of state capital and 5.6% of total assets and had a turnover of 87.764 trillion barrels. .

According to Minister Nguyen Manh Hung, VNPT and MobiFone are two large companies in the information and communications sector, which operate effectively for many years and adhere to the industry. However, transferring the company to a commission, gathering large businesses into a management unit, will create strength for SOE and the country.

Mr. Hung emphasized that although VNPT and MobiFone in the Committee, the Ministry of Information and Communication is still the unit's management unit. Accordingly, the Ministry continues to create a legal environment, technology, a business development market. At the same time, from the company's development, the ministry can create the core of telecommunication infrastructure, fueling a digital connection to the ground.

"The Ministry of Communications and Information will continue to work closely with the Commission, enabling telecommunications companies and companies to progress to the Household Committee," Hung said.

Vice Prime Minister Vuong Dinh Hue approved the views of Minister Nguyen Manh Hun. He said the transfer of the company to the State Capital Management Committee came from the ownership and management functions of ministries and subsidiaries in the company.

As such, the relevant ministries will be free to carry out their governing functions. Deputy Prime Minister confirmed that the transfer was not the Ministry "alleviating" the management of the Ministry, but on the contrary, to help the Ministry perform better its job. Deputy Prime Minister stressed at the ceremony of handover between the Ministry of Transport several hours earlier.

For MobiFone, the deputy prime minister said that this company should have a plan to monitor equality in 2018, however, because of AVG business problems, it should be slow. He suggested that the Committee and the Ministry of Communications and Information coordinate the resolution of the difficulties and obstacles to the company's alignment in the coming time.

More on these two important IT technologies, the deputy prime minister emphasized that after the transfer of VNPT and MobiFone were stronger in the context of revolutionary 4.0.

In addition, the Deputy Prime Minister asked the Board to manage capital after the transfer, must carefully manage state capital, avoid losses and improve the efficiency of capital utilization.

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