24 April 2025
MobiFone has reportedly applied to Prime Minister Phạm Minh Chính for permission to operate within Vietnam's national defense and security sector.
The move is part of MobiFone's broader strategy to expand its role in the country's digital transformation, a key initiative under the government's ‘Project 06.’
MobiFone's application, made during a recent meeting with the Ministry of Public Security, includes proposals for a revised organizational charter and updated financial regulations to accommodate its new operational role. The company, recently transferred from the Commission for the Management of State Capital at Enterprises (CMSC) to the Ministry of Public Security in February, is currently working with relevant government bodies to finalize these changes.
Public Security Minister General Lương Tam Quang emphasized the importance of a robust legal framework for MobiFone's operations in the national security sector, urging the company to focus on developing its core strengths in telecommunications and technology to serve both its own growth and national interests. He highlighted the need for stability and sustainability in the face of this expansion.
MobiFone's recent financial performance, released by the CMSC at the end of last year, shows strong growth potential. Profit before tax in 2024 exceeded VND2 trillion, surpassing the company's annual target by 20.6%. Furthermore, growth in digital services, such as cloud computing, digital agriculture, and video conferencing, suggests significant opportunities for future development within this sector. This expansion into the national security sector reflects the government’s wider ambitions for digital transformation across the nation.
