J.P. Morgan to revive Vimpelcom’s struggling Vietnam venture? As reported by newswire vneconomy, at a meeting between Deputy Minister of Information and Communications Phan Tam and Vijay Pattabhiraman, CIO of Asian Infrastructure Group under J.P. Morgan Institutional Asset Management on September 9, the deputy minister congratulated J.P. Morgan on picking Gtel Mobile for cooperation in Vietnam. Phan said that J.P. Morgan Chase’s investment in the Vietnamese telecom market comes at a very opportune moment as the market is stepping into a new era of explosive growth, and wishes J.P. Morgan Chase success. In Vietnam, J.P. Morgan has offices in Hanoi and Ho Chi Minh City, providing treasury services, corporate banking, foreign exchange, and money markets. Gmobile, previously Beeline, is operated by Gtel Mobile, a joint venture between Vietnamese company Global Telecommunications Corporation and Russian VimpelCom.

Source: VietNamNet News September 12, 2016 10:53 UTC