Low-cost challengers ready to shake up Vietnam wireless market

E-wallet VNPay and IT group FPT to join field via mobile virtual network deals

20220419N Vietnam smartphones

Vietnam's big state-owned carriers face price competition from the growing ranks of mobile virtual network operators.

TOMOYA ONISHI, Nikkei staff writer

HANOI -- Vietnamese digital payments service provider VNPay has received approval to operate as a wireless carrier without its own infrastructure in the country, heralding a potential price war in a mobile market dominated by three giants.

VNPay, formally known as Vietnam Payment Solution, obtained a license as a mobile virtual network operator, becoming the fourth company in the country to do so.

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