Vietnam real estate developers run into difficulties in foreign markets

On October 13, Mobile network provider Vietnamobile received the three licences for telecom establishment, telecom service provision, and 2G & 3G spectrum usage from the Ministry of Information and Communications to officially deploy its investment under the new joint stock company format.

vietnam real estate developers run into difficulties in foreign markets hinh 0
In his opening remarks at the ceremony, Deputy Minister of Information and Communications Phan Tam said this step marks a new phase of development for Vietnamobile Telecommunications Joint Stock Company.

“Over the past 10 years, Vietnamobile has been constantly striving for excellence and has overcome many challenges: from difficulties common to new entrants to the telecom market to issues in deployment of CDMA technology in a market accustomed to GSM,” he said. “Although there remain difficulties and challenges, Vietnamobile can be confident to set foot on the Vietnamese telecom market, and can be proud of being the only foreign-invested network operating in Vietnam.

In April, Vietnamobile received its investment registration certificate from the Hanoi Department of Investment and Planning to convert from a business cooperation contract to a joint stock company. Then, Vietnamobile officially became Vietnamobile Telecommunications JSC, with the enterprise registration certificate granted on May 12, 2016.

“With strong international telecom experience and in-depth understanding of our local shareholders’ culture, Vietnamobile is committed to enriching the life of our Vietnamese consumers through our superb network quality and coverage enhancement, extensive nationwide distribution network, and unique value proposition, especially on data and consumer-centric customer services,” said Elizabete Fong, general director of Vietnamobile Telecommunications JSC.

On the same day, Vietnamobile also debuted its 3G network expansion plan by signing contracts with two important technology partners, Ericsson and ZTE. Vietnamobile targets to extend its 3G network to cover close to 90 % of the population by the end of 2017.

VIR

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