Telecommunications companies will be restructured this year to ensurethat there are only three or four healthy companies in the market.
Themove is made in accordance with a plan approved by the Prime Minister,said Minister of Information and Communications Nguyen Bac Son.
Specific restructuring measures include creating favourable conditionsfor mergers and acquisitions, revoking licences and restructuringinefficient companies.
The ministry also plans to strengthenits role as owner-representative in State-owned enterprises whilesimultaneously helping enterprises control their own production.Telecommunications companies will not be allowed to invest in non-corebusiness lines to ensure efficient operations.
According toMinister Son, the telecommunications market of Vietnam saw hugechanges last year after a 10 year period of “peaceful” development.
Due to fierce completion, some enterprises were forced to leave themarket, such as EVNTelecom, which merged with Viettel, and others sawtheir licences revoked. However, these changes complied with theindustry’s development plans to 2020.
Meanwhile, manycompanies, such as Viettel Group and Vietnam Posts andTelecommunications Group, reported huge profits last year.
Theinformation and technology industry also saw improvements, Son said,saying export turnover of computers, electronics, phones and componentsreached more than 18 billion USD last year.
The ministry plansto tighten management of information on the Internet, as well as onlinegames and unregistered SIM cards, to create a healthier and morereliable Internet and telecommunications market for users and promotesustainable development, Sonsaid.-VNA
Themove is made in accordance with a plan approved by the Prime Minister,said Minister of Information and Communications Nguyen Bac Son.
Specific restructuring measures include creating favourable conditionsfor mergers and acquisitions, revoking licences and restructuringinefficient companies.
The ministry also plans to strengthenits role as owner-representative in State-owned enterprises whilesimultaneously helping enterprises control their own production.Telecommunications companies will not be allowed to invest in non-corebusiness lines to ensure efficient operations.
According toMinister Son, the telecommunications market of Vietnam saw hugechanges last year after a 10 year period of “peaceful” development.
Due to fierce completion, some enterprises were forced to leave themarket, such as EVNTelecom, which merged with Viettel, and others sawtheir licences revoked. However, these changes complied with theindustry’s development plans to 2020.
Meanwhile, manycompanies, such as Viettel Group and Vietnam Posts andTelecommunications Group, reported huge profits last year.
Theinformation and technology industry also saw improvements, Son said,saying export turnover of computers, electronics, phones and componentsreached more than 18 billion USD last year.
The ministry plansto tighten management of information on the Internet, as well as onlinegames and unregistered SIM cards, to create a healthier and morereliable Internet and telecommunications market for users and promotesustainable development, Sonsaid.-VNA
