Vietnam’s Ministry of Public Security has officially assumed the role of state capital representative in FPT Telecom, a move marking a notable shift in Vietnam’s telecommunications landscape.
The transition, which took place on July 16, transfers management authority from the State Capital Investment Corporation (SCIC) to the Ministry.
According to Vietnamnet Global, FPT Telecom is a provider of internet, television, and data center services across Vietnam, supported by a nationwide fiber optic network serving millions of customers.
The change aligns with broader efforts by the Party and the State to restructure and enhance the performance of state-owned enterprises.
Officials say the move is intended to strengthen national security, particularly in cyberspace and telecommunications.
It follows previous steps taken by the Ministry to acquire strategic enterprises such as MobiFone.
“The Ministry’s assumption of FPT Telecom is part of a strategy to enhance cybersecurity oversight and ensure data sovereignty,”
a Ministry representative stated.
Managing a major telecom operator directly is seen as a means to reinforce security over critical digital infrastructure, including undersea cables, DNS systems, and national data centers.
With oversight now spanning both MobiFone and FPT Telecom, the Ministry of Public Security expands its influence in the sector.
Meanwhile, other key players, Viettel and VNPT, remain under the Ministry of National Defense and the Ministry of Finance, respectively.
Analysts suggest that FPT Telecom may benefit from increased legal, financial, and strategic support under the Ministry, particularly in relation to national digital infrastructure initiatives, remote area coverage, and cybersecurity development.
Nguyen Quoc Huy, General Director of SCIC, underscored the broader implications of the handover.
“This is a strategic policy ensuring data and digital sovereignty security in the new era,”
he said.
He also expressed confidence in the Ministry’s ability to support FPT Telecom’s continued development, especially in relation to Project 06, a national initiative focused on building a digital government, digital society, and data platforms.
The Ministry has emphasised that the acquisition of telecom firms is part of its mandate to protect national interests and the digital rights of citizens, acknowledging that cyberspace is both a security frontier and a space for national development.
Featured image credit: FPT Telecom
