MobiFone

MobiFone Corporation (less formally MobiFone; Vietnamese: Tổng công ty Viễn Thông MobiFone, lit. 'MobiFone Telecommunications Corporation') is a major Vietnamese mobile network operator headquartered in Trung Hoà–Nhân Chính, Hanoi. Founded on 16 April 1993, as a Global System for Mobile Communications launcher, MobiFone is the second largest telecommunications provider in Vietnam (2023).^[2]

MobiFone Corporation

Trade name	MobiFone
Native name	Tổng công ty Viễn Thông MobiFone
Formerly	Vietnam Mobile Telecom Services Company
Company type	State-owned enterprise
Industry	Mobile Telecommunications
Founded	16 April 1993; 32 years ago (1993-04-16)
Headquarters	Hanoi, Vietnam
Area served	Nationwide
Key people	Tô Mạnh Cường
Products	Mobile networks, Telecom services
Brands	MobiFone
Revenue	40.8 Trillion VND (around $2bn)[1]
Operating income	6.6 trillion VND (around $330m)
Number of employees	approx. 3000
Parent	Ministry of Public Security (from 2 February 2025)
Website	www.mobifone.vn

Market share and competitors

MobiFone held a market share of 22.52% in 2023. Its main competitors included Viettel with 57.6%, VinaPhone with 17.49%, and Vietnamobile with 1.75%. MobiFone, along with VinaPhone and Viettel, the three large state-owned providers, held a combined market share of almost 98%.^[2]

History

2015

• Become the corporation under the Ministry of Information and Communications called MobiFone Telecommunications Corporation.

2011

• Foundation of the Mobile Telecom Services Centre VI.0AA

2008

• Foundation of the Mobile Telecom Services Centre V.
• The Value Added Services Centre was founded.
• MobiFone ranked as the first position in the Vietnam's mobile telephony subscription market share.

2006

• Foundation of the Mobile Telecom Services Centre IV.

2005

• Liquidated the business cooperation contract with Kinnevik/Comvik (Sweden).
• The State of Vietnam and Ministry of Posts and Telematics (now is Ministry of Information and Communications) decided to sell equity.
• Mr. Le Ngoc Minh became director after the retirement of Mr. Dinh Van Phuoc.

1995

• Committed a business cooperation contract with Kinnevik/Comvik (Sweden).
• Foundation of the Mobile Telecom Services Centre III.

1994

• Foundation of the Mobile Telecom Services Centre I & II.

1993

• Foundation of Vietnam Mobile Telecom Services Company.
• Director is Mr Dinh Van Phuoc.