Metfone – a typical model for Vietnam-Cambodia economic cooperation: President

Metfone, an affiliate of the Viettel Military Industry and Telecoms Group, is a typical model for the economic cooperation between Vietnam and Cambodia, President To Lam affirmed on July 13 when visiting the leading mobile operator in Cambodia as part of his state visit to the neighbouring country.

President To Lam visits Metfone, an affiliate of the Viettel Military Industry and Telecoms Group, in Cambodia. (Photo: VNA)
President To Lam visits Metfone, an affiliate of the Viettel Military Industry and Telecoms Group, in Cambodia. (Photo: VNA)

Phnom Penh (VNA) – Metfone, an affiliate of the Viettel Military Industry and Telecoms Group, is a typical model for the economic cooperation between Vietnam and Cambodia, President To Lam affirmed on July 13 when visiting the leading mobile operator in Cambodia as part of his state visit to the neighbouring country.

The President appreciated the results that Metfone has achieved during its 15-year presence in the Cambodian market.

In addition to its dynamic business operations, Metfone has won the hearts of the Cambodian people through its social security activities in Cambodia, Lam stressed.

He praised the company's policy of accompanying the Cambodian Government in implementing e-Government when universalising telecommunications services and pioneering in supporting digital transformation in Cambodian Government, ministries and agencies.

The President hoped that Metfone will maintain its position as a leading enterprise in the fields of telecommunications, technology, and digital transformation in Cambodia, and actively support the Vietnamese business community here.

Viettel began to invest in Cambodia in 2006 and cooperated with a Cambodian partner to launched Metfone in 2009. Now it is one of the five biggest companies in terms of tax payment in Cambodia and creates around 30,000 indirect jobs.

Earlier the same day, the Vietnamese President attended a ceremony to announce Vietnam Airlines’ direct flight linking Hanoi and Phnom Penh.
The direct route will be launched on October 27 with four round-trip flights per week. Currently, passengers who want to fly from Hanoi to Phnom Penh must transit in Vientiane (Laos) on the airline's trans-Indochina flight.

air.jpg
President To Lam ( central) and delegates launch Vietnam Airlines’ direct route from Hanoi to Phnom Penh in Pnom Penh on July 13. (Photo: VNA)

President To Lam also witnessed the signing of a Memorandum of Understanding (MoU) between Vietnam Airlines and Cambodia Angkor Air on strengthening and expanding bilateral cooperation, with the goal of providing aviation services with the highest quality standards on routes between Vietnam and Cambodia; and another between Vietnam Airlines, Saigon Tourist Group, Cambodia Tourism Association (CATA) and Cambodia Angkor Air on tourism cooperation./.

VNA

See more

A graphic image of a new terminal of Phu Quoc International Airport (Photo: CPG Consultants)

Sun Group licensed to operate Sun PhuQuoc Airways

Sun PhuQuoc Airways has a total operating duration of 50 years, with an investment capital of 2.5 trillion VND (approximately 98.81 million USD). The airline's main operations hub is located at Van Don International Airport, Van Don district, Quang Ninh province.

Real estate bonds issued from June-December are expected to be worth about 79.77 trillion VND. (Photo: chinhphu.vn)

Real estate bond market rebounds in May

May also witnessed a significant volume of early redemptions. Businesses repurchased bonds worth about 15.86 trillion VND before maturity - an increase of 6.7 % compared to the same period in 2024.

Domestic fuel prices adjusted upward from 3pm on June 12. (Photo: VNA)

Fuel prices continue upward trend on June 12

The price of E5 RON92 petrol is now capped at 19,462 VND (0.75 USD) per litre, up 199 VND from the previous adjustment, while RON95-III costs no more than 19,967 VND per litre, up 269 VND.

Minister of Industry and Trade Nguyen Hong Dien (R) meets with Senator Roger Marshall. (Photo: VNA)

Vietnam ready to further open market for US exports: Minister

Regarding the ongoing negotiations on a Reciprocal Trade Agreement between the two countries, he emphasised that Vietnam remains consistent in its approach to the talks with the US, aiming for a bilateral agreement based on respect for sovereignty, independence, political system, harmonisation and balance of interests, as well as in line with international commitments and the development level of each country.