Vietnam's state-owned company Vietnam Mobile Telecom Services Company (VMS) is preparing to step into Myanmar market, official media reported Wednesday.
Aimed at expanding its business into Myanmar market, a delegation, headed by Le Ngoc Minh, Vice President of Vietnam Post and Telecommunication Group (VNPT) and Chairman of VMS, has toured Myanmar recently.
Vietnam wishes to help Myanmar's telecom partner to shorten the time to market and to effectively optimize the workforce in the vision to transform its mobile services from being a luxury that few could afford to everyday services that all could use on regular basis, said Le.
"This visit helps us to get a closer view on the cultural and reform similarity between the two nations. Myanmar telecom reform will be, without doubt, an important opportunity and a historic turn point not only for telecom but also for Myanmar socio- economic development," Le said during the visit.
VMS was founded in 1993 as the first GSM 900/1800 and 3G mobile operator in Vietnam. VMS sells services under the MobiFone brand, being voted as the most favorite network in Vietnam for six consecutive years since 2006.
Vietnam's investment in Myanmar hit 23.649 million U.S. dollars as of November, 2011 since the country opened to foreign investment in late 1988, according to official statistics.