Booming VN telecom sector earns trillions

The telecom sector is expected to earn revenue of VND200 trillion (US$10 billion) in 2010.

The figure was released at a conference to review the implementation of the telecom and Internet development plan to 2010, in Hanoi on Thursday.

Addressing the conference, Permanent Deputy Minister of Information and Communications Le Nam Thang affirmed that in the reviewed period, the telecom sector had a rapid development step, becoming a spearhead economic sector of the country with an average annual growth rate of 30-40 percent.

The country has 162 million telephone subscribers or 189 telephones per 100 people, including 91 percent mobile phone users. The number of people using the Internet has hit 26 million or 31 percent of the country’s population.

At present, Vietnam has 11 network infrastructure enterprises and 81 Internet service providers. They are operating well in the domestic market and have begun to invest abroad. The military firm, Viettel, has invested in Cambodia, Laos, Myanmar, Haiti and Mozambique, while the National Post and Telecom Group has opened a representative office in the US.

Tags: Vietnam Telecom, Vietnam telecom maket

Posted by VBN on Dec 28 2010. Filed under Telecommunication. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry