MOBIFONE CORPORATION

MOBIFONE CORPORATION is one of Vietnam’s leading wireless telecommunications providers, offering mobile services, internet, IPTV/cable TV, and business solutions. Established on September 20, 2010, the company operates as a state-owned enterprise, managed by the Commission for the Management of State Capital at Enterprises. Its headquarters are located at No. 1, Pham Van Bach Street, Yen Hoa Ward, Cau Giay District, Hanoi, Vietnam, with key branches in Ho Chi Minh City and Da Nang, ensuring nationwide service coverage.

As of 2023, MOBIFONE CORPORATION reported total assets of USD 1.31 billion, a slight 0.32% decline from the previous year. Total revenue stood at USD 1.03 billion, reflecting an 11.41% decrease from 2022, while net profit increased slightly to USD 80.45 million. Despite fluctuations in revenue, owner’s equity grew by 2.65% to USD 935.18 million, indicating financial stability and long-term sustainability. The company employs 3,896 workers, supporting its expansive telecom infrastructure and digital service offerings.

MOBIFONE CORPORATION operates one of the most extensive GSM mobile networks in Vietnam, delivering wireless telecommunications, data, and digital services to millions of customers. The company is also engaged in importing and trading telecommunications equipment, expanding its role beyond service provision to include technology distribution and digital transformation solutions.

Under the leadership of Chairman Nguyen Hong Hien and General Director To Manh Cuong, MOBIFONE CORPORATION is committed to technological advancement, network expansion, and customer-centric innovations. The company has diversified its portfolio to include wholesale and retail of telecom devices, wired and satellite telecommunications, cloud computing, and IT consulting services, strengthening its position in Vietnam’s digital economy.

VANGUARD BUSINESS INFORMATION (VBI) recognizes MOBIFONE CORPORATION as a key player in Vietnam’s telecommunications industry, with a strong financial foundation, extensive service offerings, and nationwide network coverage. While declining revenue presents a challenge, the company’s stable equity growth, profitability, and continued investments in digital transformation position it as a trusted partner for businesses, telecom investors, and technology providers.

With Vietnam’s increasing demand for high-speed connectivity and digital services, MOBIFONE CORPORATION is well-positioned to capitalize on emerging telecom trends, 5G expansion, and enterprise solutions. VBI recommends the company as a top-tier telecom provider, offering innovative solutions and reliable services for customers, businesses, and strategic partners in Vietnam and beyond.