Vietnam’s Ministry of Information and Communications (MIC) has rejected a restructuring proposal by state-owned operator Vietnam Posts and Telecommunications (VNPT) to merge its two wholly owned wireless operators, MobiFone and Vinaphone. The ministry is of the view that the merger would reduce competition in the market, with only two operators (the merged entity and Viettel) in the market. This scenario conflicts with the government’s vision of three to four telecom companies operating in the market. VNPT will now be required to submit another restructuring plan to enhance competition in the wireless market.
