Vietnamese Telecom Market To Open In 2012

Vietnam has announced it will fully open its telecom target overseas investment following international practices and obligation in the World Trade Organization by 2012.

The draft bill for that new telecom law is predicted to become submitted with that month. Local telecom companies have until 2012 to keep 51 percent ownership with foreign partners.

The mostly state-owned companies are suffering from faster in the presence of foreign manufacturers like SK Telecom, Hutchison and Vimpelcom.

Improvements made to the country’s telecom infrastructure has also attracted bidding from top manufacturers like IBM, Cisco, AT-T, Alcatel Lucent, Ericsson, Nokia and Motorola as well as Chinese equipment suppliers like Huawei and ZTE.

The Vietnamese telecom marketplace is huge with numerous room for growth. Currently, there are 89.5 million mobile subscribers which includes a ratio of 105 phones per 100 people.

Last year, the Vietnam Post and Telecommunications Group (Adsl vnpt) posted the best earnings at VND45.29 trillion then viettel, megavnn, adsl fpt with VND33 trillion then EVN Telecom with VND3.7 trillion.

It had been only this season, the fact that government allowed 3G technology to be which is available from four telcos. Included in this are viettel, Vinaphone, Mobifone as well as a three way partnership of EVN Telecom and Hanoi Telecom.


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