VNPT asked to submit new restructuring plan

The Ministry of Information and Communications has directed Vietnam Posts and Telecommunications (VNPT) to submit its new restructuring plan. The new rules require that an institution/individual that owns more than 20 per cent in one company may not hold more than a 20 per cent share in another firm operating in the same market. VNPT that offers fixed line and broadband services owns 100 per cent stake in operators Vinaphone and MobiFone; therefore, it is required to submit a restructuring proposal.