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Deputy Minister Hoang Vinh Bao: 'Cancelling MobiFone’s contract to buy AVG is reasonable'

Deputy Minister of Information and Communications Hoang Vinh Bao said that the ministry is directing Mobifone to speed up the cancellation to reclaim the money from AVG shareholders.

The Government Inspectorate announces MobiFone's wrongdoings in purchase of AVG’s shares

MobiFone’s violations and irresponsibility in the acquisition of a 95-per cent stake in Audio Visual Global JSC (AVG) may cause a serious loss of around VND7 trillion (US$308 million) to the State.

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