Hanoi (VNA) - The Ministry of Public Security and the Commission for the Management of State Capital at Enterprises (CMSC) held a ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the ministry.
According to CMSC Chairman Nguyen Hoang Anh, the commission assumed responsibility for representing state capital ownership at MobiFone from the Ministry of Information and Communications in November 2018. During the initial period under its management, MobiFone faced formidable challenges, which were further exacerbated by the impact of the COVID-19 pandemic. However, with strong guidance from the Party, Government, and relevant agencies, along with the commission's leadership and support, MobiFone successfully navigated these difficulties, maintaining efficient operations and delivering timely customer service, contributing to the country’s economic development and the establishment of digital technology infrastructure.
The corporation has transformed itself to a digital technology firm that offers diverse high-quality digital services, positioning itself as one of the three leading telecommunications enterprises in the country, he stated.
The transfer of state capital ownership representation from the CMSC to the Ministry of Public Security not only marks a new development milestone for MobiFone but also demonstrates the Party and State's determination to enhance management efficiency, ensure information security, and capitalise on the potential of state-owned enterprises in the current context.
Anh expressed his confidence that under the Ministry of Public Security's leadership, MobiFone will continue its unity, efforts, and creativity, advancing its innovative spirit, service quality, and information security while actively contributing to the national digital transformation.
To further enhance MobiFone's performance, Deputy Minister of Public Security Nguyen Ngoc Lam urged the corporation to establish new motivations and higher political determination while promptly coordinating with relevant departments to stabilise the organisation after restructuring.
He emphasised the importance of clearly defining responsibilities among personnel to ensure smooth business operations, as well as collaborating with relevant units to complete the corporation's operational charter and financial regulations in compliance with law.
The Deputy Minister also underscored the importance of innovation, creativity, and application of modern, intelligent technologies to upgrade technological infrastructure and develop superior services with competitive advantages, placing customers at the centre of service and development.
MobiFone was established in 1993 as the Vietnam Mobile Telecom Services Company (VMS), becoming Vietnam's first mobile telecommunications provider. In December 2014, it was transformed into MobiFone Telecommunications Corporation under the Ministry of Information and Communications.
According to a December report from the CMSC, MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%)./.
