On October 10, 2026, in Hanoi, PetroVietnam General Services Corporation (PETROSETCO) and MobiFone Telecommunications Corporation (MobiFone) held a signing ceremony for a Memorandum of Understanding (MoU) on strategic cooperation, marking a new milestone in their partnership. The agreement aims to leverage both companies' strengths in technology device distribution, telecommunications, and digital services, while expanding business opportunities and enhancing customer experiences nationwide.
Photo: Representatives of MobiFone and PETROSETCO at the strategic cooperation signing ceremony: Mr. Bui Son Nam – Deputy General Director of MobiFone, and Mr. Ho Hoang Nguyen Vu – Deputy General Director of PETROSETCO, in Hanoi on October 10, 2026.
The event opens up new opportunities for both companies to strengthen connectivity, optimize resources, and capitalize on their complementary capabilities in technology device distribution, telecommunications services, and digital solutions. The partnership also aligns with PETROSETCO's strategic direction of expanding its business partnerships, diversifying business models, and strengthening its competitiveness amid the continued evolution of the technology and digital services markets.
Leveraging Strengths and Expanding Cooperation Opportunities
As one of Vietnam's leading telecommunications companies, MobiFone possesses extensive telecommunications infrastructure, a diverse ecosystem of products, services, and digital technology solutions, as well as a nationwide retail network and broad customer base. These advantages provide a solid foundation for MobiFone to further expand its business models, develop new services, and enhance customer accessibility.
Meanwhile, PETROSETCO is an established enterprise with extensive experience in trading and services, operating across four core business segments: Distribution Services, Supply Chain and Logistics Services, Catering Services, and Real Estate Services. In particular, PETROSETCO has developed a nationwide technology device distribution network, supported by strong capabilities in supply chain management, logistics, and commercial operations. These strengths provide a favorable foundation for expanding partnerships with businesses in the technology and telecommunications sectors.
Under the MoU, both parties have agreed on key areas of strategic cooperation. PETROSETCO is expected to serve as an official distribution and professional logistics partner, facilitating the distribution of a comprehensive ecosystem of technology devices across MobiFone's nationwide retail network. MobiFone, in turn, will leverage its extensive retail system, operational infrastructure, and customer ecosystem to support market development.
Beyond distribution activities, the two companies plan to develop integrated product packages combining technology devices with MobiFone's telecommunications services, offering consumers more convenient and tailored solutions. For corporate customers, both parties will explore opportunities to integrate technology solutions with MobiFone's digital platforms, aiming to deliver solutions that support device management, security, and operational efficiency.
In addition, PETROSETCO and MobiFone intend to jointly implement commercial promotion initiatives and enhance customer benefits by leveraging their existing customer bases. Potential initiatives include device subsidies bundled with telecommunications plans, trade-in and upgrade programs, and exclusive offers for individual and corporate customers.
These initiatives are expected to improve access to technology products, enhance shopping experiences, and create additional value for customers of both companies.
Towards Practical Cooperation and Sustainable Development
Alongside distribution and commercial activities, MobiFone and PETROSETCO have agreed to explore digital transformation opportunities in retail operations. Key initiatives include piloting Online-to-Offline (O2O) retail models and standardizing electronic warranty procedures, delivery processes, and device activation services at retail locations.
The application of digital solutions in management and operations is expected to streamline business processes, improve service quality, and provide customers with a more convenient and seamless experience across different sales channels.
To translate the agreed cooperation directions into practical initiatives, both parties will continue to coordinate in developing implementation plans tailored to each area of cooperation.
Accordingly, MobiFone will facilitate access to its retail network and operational infrastructure, develop appropriate telecommunications policies, and collaborate on communication and promotional activities. Meanwhile, PETROSETCO will focus on leveraging its distribution and logistics capabilities, organizing retail operations, expanding sales channels, and providing customer support services at points of sale.
Specific cooperation programs will be further discussed and formalized through subsequent agreements, with an emphasis on feasibility, operational effectiveness, and mutual benefits.
For PETROSETCO, establishing a strategic partnership with MobiFone further demonstrates its proactive approach to expanding its partner network and strengthening collaboration with enterprises possessing established capabilities in technology and telecommunications.
The partnership also presents an opportunity for PETROSETCO to capitalize on its distribution expertise and service capabilities, gradually expand its market presence, develop new business models, and reinforce its position within Vietnam's trading and services value chain.
The signing of the strategic cooperation MoU between PETROSETCO and MobiFone not only marks a new chapter in the relationship between the two enterprises but also lays a foundation for connecting resources, leveraging complementary strengths, and unlocking new opportunities in technology device distribution and digital services.
Guided by a shared commitment to partnership and mutual growth, both companies expect to progressively turn their cooperation objectives into tangible outcomes, delivering practical value to customers and partners while contributing positively to the development of Vietnam's technology and telecommunications markets.