Deputy Minister of Information and Communications Le Nam Thang has
pledged a number of policies to encourage investors in the
telecommunications sector, both domestic and international.
Thang told a forum on telecoms in Hanoi on September 14 that the
Government would continue with policies to open up the domestic market
and speed up global integration, including in the telecoms industry.
“The telecom sector has managed to record impressive growth in recent
years and narrow the gap with developed countries, which has benefited
economic growth and improved the people’s standard of living,” said the
official.
The forum drew over 150 participants
from domestic and international telecoms businesses, research
institutions and consultancy companies.
Nitin Bhat
from the company Frost & Sullivan, a global leading consultant in
IT and communications, has evaluated Vietnam as a major market, with
a constantly high growth rate.
He also forecast a
slow-down in growth in the immediate future and urged more investment
in the country’s infrastructure as well as market surveys to meet market
demands, citing it as a guarantee for business success.
The International Telecommunications Union (ITU) also sees Vietnam as a rapidly growing market.
By the end of August this year, the nation has had over 156 million
telephone users, over 90 percent of whom are mobile phone subscribers.
Compared with 2005, the density of telephones has
increased 2.2 times, Internet subscriptions by 16 times and
international connections by 28.2 times.
The telecoms industry’s revenue in 2009 reached 6.8 billion USD, a growth of 2.5 times that of 2006./.
.jpg)