Vietnam International Political Economy

Vietnam Investment: Vimpelcom to Invest in Vietnam

Vimpelcom, Russia’s second largest cell phone operator, has announced it will invest in Vietnam through a joint venture according to Reuters UK.

The Vietnam investment involves a 40 percent stake worth $267 million with Vietnam state run Global Telecommunications Corporation (GTEL) with the expectation to invest $1.8 billion over the next five years.

The move by Vimpelcom to invest in Vietnam coincides with Vimpelcom investment in Cambodia’s Sotelco. See Vimpelcom to Invest in Cambodia