The VNPT Deputy General Director and Head of the VNPT Global’s Executive Council, Lam Hoang Vinh, presented an investment certificate to ST Telemedia at an announcement ceremony for the investment cooperation deal the same day in Hanoi.

With almost 20 years’ experience, ST Telemedia is capable of making effective contributions to VNPT Global’s international business development strategy, Vinh said.

ST Telemedia, which holds stakes in many international telecom service providers, will become a bridge for VNPT Global to penetrate markets in the Asia-Pacific and other emerging markets, he added.

Earlier in January 2010, ST Telemedia and VNPT Global, affiliated to the Vietnam Post and Telecommunications Group (VNPT) signed an agreement to buy shares after nearly one year of negotiations.

Set up in January 2008, VNPT Global boasts five affiliates in the US, Singapore, Hong Kong, and the Czech Republic, which specialize in providing telecom services to overseas Vietnamese communities and customers worldwide.