Vietnamese firms partner to develop telecom services, e-payment in Cambodia
Metfone, the Cambodia-based affiliate of the military-run telecom group Viettel, and Angkok Dairy Products Co.Ltd (Angkormilk), two Vietnamese-invested firms, on July 14 signed a strategic cooperation agreement to develop telecommunications services and e- payments in Cambodia.
Metfone and Angkok Dairy Products Co.Ltd (Angkormilk), two Vietnamese-invested firms, on July 14 inked an agreement to develop telecommunications services and e-payments in Cambodia. (Photo: VNA)
Phnom Penh (VNA) - Metfone, the Cambodia-based affiliate of the military-run telecom group Viettel, andAngkok Dairy Products Co.Ltd (Angkorm🌟ilk), two Vietnamese-invested firms, on July 14 signed a strategic cooperationagreement to develop telecommunications services and e-payments inCambodia.
Under the agreement, Metfone and eMoney will cooperatecomprehensively with partners in providing warehouse management software,customer's care hotline, advertising message services, Internet services, and sim data for security cameras inside ATM. They will alsosupply other services such as salary payment and merchant payment solutions.
Metfone General Director Phung Van Cuong speaks at the event. (Photo: VNA)
According to Metfone General Director Phung Van Cuong, thesigning of the document is a great opportunity to further tighten thecooperative relation between a leading technology enterprise and a nationalranking brand in the dairy industry, thereby contributing to bringing good valuesto the people and society of Cambodia.
The signing once again shapes the long-termstrategy of enterprises, especially large ones in Vietnam, towardscomprehensive cooperation and mutual support for bringing social values toCambodia, raising the prestige of the Vietnamese business community and theVietnamese people in Cambodia, he said.
An overview of the signing ceremony. (Photo: VNA)
Established in 2009, Metfone is now thelargest telecom service provider in Cambodia, holding a mobile market share of50%./.
Metfone, the Cambodian affiliate of Vietnam’s telecom group Viettel, signed a memorandum of understanding on June 29 with the Cambodian Ministry of Health on launching a series of digital healthcare services.
The Viettel Cambodia company (Metfone), a subsidiary of Vietnam’s military-run industry and telecoms group Viettel, handed over a video conferencing system to the Royal Gendarmerie of Cambodia (RGC) in Phnom Penh on June 30.
MB Cambodia and the Viettel (Cambodia) Pte., Ltd (Metfone), two Vietnamese-invested firms, on May 4 signed a special credit package contract for 2022 to upgrade the telecoms network in Cambodia.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Metfone and Angkok Dairy Products Co.Ltd (Angkormilk), two Vietnamese-invested firms, on July 14 inked an agreement to develop telecommunications services and e-payments in Cambodia. (Photo: VNA) 
Metfone General Director Phung Van Cuong speaks at the event. (Photo: VNA) 
An overview of the signing ceremony. (Photo: VNA) 
