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Статья

28 Авг 2022

Автор:
Zachary Abuza, Radio Free Asia

Commentary: In Myanmar, Vietnamese firms learn the political risks of backing the junta

28 August 2022

Vietnamese firms are confronting political risk from overseas investments as the price of doing business with Myanmar’s brutal military regime, a less predictable partner than the authoritarians they are accustomed to.

Vietnam’s largest venture in Myanmar is by VietTel, Vietnam’s largest cellular provider. The military-owned company has a major stake in Myanmar’s MyTel, which is also military-owned and has been hemorrhaging customers since the Feb. 1, 2021, coup d’etat that ousted Myanmar’s elected government.

[...]

[...] Vietnam’s largest investment by far in Myanmar is in telecommunications. Mytel is a 2017 joint venture between VietTel, the military-owned Myanmar Economic Corporation (MEC), and a number of smaller investors. The venture has been in operation since June 2018. It’s one of VietTel’s 10 overseas joint ventures.

[...]

[...] Mytel has incurred the wrath of the Myanmar public and armed opposition groups more than any other foreign investment. There has been a public boycott of the firm. In the first quarter of 2021, immediately following the coup, it lost 2 million subscribers and suffered estimated losses of U.S. $25 million.

As a result of the coup, Coda, a Singapore-based payments firm, cut Mytel from its mobile payments platform in March 2021, another factor in the loss of subscribers.

Хронология