Vietnam’s booming telecom sector earns trillions

Vietnam’s telecom sector is expected to earn revenue of VND200 trillion ($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 December 23.

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 per cent. Marked achievements – the modern telecom infrastructure system and higher competitiveness in the telecom market – helped narrow service gaps between regions.

The country has 162 million telephone subscribers or 189 telephones per 100 people, including 91 per cent mobile phone users. The number of people using the internet has hit 26 million or 31 per cent 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 (VNPT) has opened a representative office in the US. – VOV

Tags: Vietnam Telecom, Vietnam telecom maket

Posted by VBN on Dec 25 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