Institutional investors are seeking opportunities to buy shares in large-cap State-owned enterprises when they launch IPOs in 2020.

Former minister of information and communication Nguyen Bac Son has filed his appeal against the life imprisonment sentence for him in the first instance trial of the MobiFone’s purchase of 95 percent of shares of the Audio Visual Global JSC (AVG).

Nguyen Bac Son, who led the Ministry of Information and Communications between 2011 and 2016, has been sentenced to life in prison for accepting a US$3 million bribe in connection with MobiFone's murky TV firm acquisition deal.

Former Minister of Information and Communications Nguyen Bac Son said on December 20 that he had met with his family to discuss how to return the US$3 million that he had received as bribes from then-AVG chairman Pham Nhat Vu.

Four suspects involved in MobiFone’s notorious acquisition of AVG on December 16 declared that they had completed the acquisition of AVG under the direction of former Minister of Information and Communications Nguyen Bac Son.

Following the footstep of other leading mobile network providers in Vietnam, MobiFone has been piloting the 5G technology in major cities of the country, contributing to the impressive national IT development.

Leading technological corporations in the world predict that in the near future, the number of 5G subscribers will soak impressively.

To Manh Cuong, 52, has been appointed general director of MobiFone Telecommunications Corporation, filling a position that has remained vacant for more than one year.

The Hanoi People’s Court decided on November 19 to open a first instance trial on the case of the MobiFone’s purchase of 95 percent of shares of the Audio Visual Global JSC (AVG) on December 16.

The Vietnam Report JSC and online newspaper VietNamNet held a ceremony in Hanoi on November 6 to announce the Profit500 2019 list.

Law enforcement agencies have so far collected a whopping VND8.845 trillion (US$382 million) to recover losses from a murky share acquisition between State-run MobiFone Telecommunications Corporation and a private pay TV provider.

Pham Nhat Vu, former chairman of private pay TV firm Audio Visual Global JSC (AVG), will not have to bear all liability for MobiFone’s losses in the MobiFone-AVG deal.

The Supreme People’s Procuracy on October 19 notified the prosecution of two former ministers of information and communications (MIC) – Nguyen Bac Son and Truong Minh Tuan, along with 12 other defendants.

The Communist Party of Vietnam yesterday decided to remove Party membership of two former information ministers who were involved in the controversial deal between State-owned telecom operator Mobifone and a private TV company. 

Related to MobiFone's AVG purchase case, the Supreme People's Procuracy of Vietnam has approved the implementation of legal proceedings agains five officials of the State-owned telecommunication giant MobiFone.

MobiFone, Viettel, Vinaphone, and other telecom companies are eyeing the chance to win the MIC’s license to roll out 4G services on the 2.6GHz bandwidth.

Vietnam’s telecommunication market is becoming more attractive to foreign investors as it has returned to the growth path in the first half of 2019 after a long period of saturation.

Nearly 107,000 out of 164,871 or 70.7 percent of mobile service subscribers that registered to change their networks performed the procedures successfully and retained their numbers from July 1-28.

iPhone users have complained that iOS 13 beta on their phone sets sometimes interferes with incoming calls.

More than 1.85 million prepaid mobile subscribers were deactivated in the first six months of the year as they were improperly registered, according to the Ministry of Information and Communications (MIC).