Vietnam: MobiFone to exit from banks, Samsung's $300m gets nod

Vietnam: MobiFone to exit from banks, Samsung's $300m gets nod

MobiFone, the second largest telecom company in Vietnam after military-run Viettel, is looking to divest its minority holdings in two local banks as part of its restructuring process. Meanwhile, a $300-million R&D project of South Korean conglomerate Samsung gets approved.

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