Booming VN telecom sector earns trillions

The telecom sector is expected to earn revenue of 200 trillion VND (10 billion USD) in 2010.
The telecom sector is expected to earn revenue of 200 trillion VND (10 billion USD) 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 Dec. 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 percent. 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 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 (VNPT) has opened a representative office in the US./.

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