Nov 30, 2012

Vietnamese mobile telecom company steps into Myanmar

Vietnam's state-owned company -- Vietnam Mobile Telecom Services Company (VMS) has stepped in Myanmar market, launching a representative office in Yangon, official media reported Friday.

The move shows Vietnam's vision on market opportunities in the Myanmar telecom industry.

Nguyen Dang Nguyen, deputy director of Vietnam Mobile Telecom Services Company (VMS-MobiFone) and chairman of Vietnam Post and Telecommunication Group(VNPT)-Global, said Myanmar is altering daily to encourage foreign investors in different fields, especially the telecommunication and information industry.

VMS, which is leading mobile operator in Vietnam, was founded in 1993 as the first GSM 900/1800 and 3G mobile operator in Vietnam. VMS sells service under the MobiFone brand, being voted as the most favorite network in Vietnam for 6 consecutive years since 2006 at annual Vietnam Mobile Awards ceremonies organized by VietnamNet.

Vietnam's contracted investment in Myanmar hit 41.796 million U. S. dollars in four projects as of July 2012 since Myanmar opened to foreign investment in late 1988, according to Myanmar official statistics.

Source: Xinhua