Vietnam Wants to Attract More Investment in Telecoms

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Sept. 17 – Vietnam’s Ministry of Information and Communications has promised to develop new regulations that will entice more investment in the telecommunications sector.

“The telecom sector has achieved impressive growth in recent years and narrowed the gap with developed countries, which has benefited economic growth and improved the living standard of local people,” said Deputy Minister of Information and Communications Le Nam Thang during an industry forum held in Hanoi on Tuesday.

He said that the government would continue with policies to open up the local market and speed up global integration, including the telecommunications industry.

The Vietnamese telecommunications industry holds a lot of potential since it still remains a largely under-served and young market. In August, there were only 15.8 million recorded phone subscribers in a country of 88 million citizens. The majority of the phone subscribers make use of mobile phones.