Log in
Business

FPT approved to start own mobile network

Hanoi Times – FPT Telecom has received permission from the Ministry of Information and Communications to establish its own inter-province and international telecommunications networks, the company announced late last week.

Hanoi Times – FPT Telecom has received permission from the Ministry of Information and Communications to establish its own inter-province and international telecommunications networks, the company announced late last week.

 

Until now, the company relied o­n leasing lines from other network operations.

 

‘This will create the right conditions for us to expand our service networks at more competitive prices,’ said Nguyen Van Khoa, deputy director of FPT Telecom’s Hanoi branch.

 

‘From now o­n we can be active in carrying out investment and business plans, as well as in selecting and negotiating with local and international partners to link telecommunications networks.’

 

Within 12 to 18 months, the company plans to develop a 10 gigabyte per second Hanoi-HCM City transmission line, as well as lines to Hong Kong, Shanghai and America.

 

‘Effective packages of services and stable infrastructure will be our priorities in order to compete in the telecommunications market,’ Khoa said.

 

FPT Telecom is the seventh firm to be authorised to establish to provide telecommunications services after Viet Nam Post and Telecommunications Group (VNPT), Viettel, Electricity of Viet Nam (EVN), Hanoi Telecom, Saigon Postel and the Viet Nam Multimedia Corporation.

 

The company last month concluded a US$ 20 million deal with EVN Telecom (Electricity of Viet Nam) to lease a 2.5 gigabyte international high-speed internet line.

 

 

Reactions:
Share:
Trending
Most Viewed
Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam’s startup ecosystem continues to expand rapidly, with strong venture capital inflows and fast growth in digital, AI and green technologies, reinforcing the country’s appeal to global investors.

Vietnamese policymakers push for early launch of gold exchange

Vietnamese policymakers push for early launch of gold exchange

A transparent gold exchange would not only offer a safe investment channel for the public but also provide a foundation for Vietnam to become a regional hub for jewelry manufacturing and exports.

Rosatom commits to advanced-technology Ninh Thuan 1 nuclear plant in Vietnam

Rosatom commits to advanced-technology Ninh Thuan 1 nuclear plant in Vietnam

Rosatom will transfer technology, localize nuclear products in Vietnam and support the development of the country’s nuclear science and industry for peaceful purposes.

Hanoi accelerates innovation reforms to become favorite destinations for investors, technology talents

Hanoi accelerates innovation reforms to become favorite destinations for investors, technology talents

Hanoi is pushing forward a wide range of innovation-driven reforms and investment initiatives as it works to become one of the world’s most attractive destinations for high-tech and strategic investors.

Vietnam mulls sharp rise in casino entry fee for locals

Vietnam mulls sharp rise in casino entry fee for locals

Such higher rates are intended to discourage individuals without adequate financial capacity from entering casinos.

Vietnam’s export strength in 2025 builds solid momentum for 2026 growth

Vietnam’s export strength in 2025 builds solid momentum for 2026 growth

With trade turnover nearing the US$900-billion mark, Vietnam enters 2026 with renewed confidence despite global volatility, rising trade barriers and shifting supply chains. Deputy Director of the Import–Export Department Tran Thanh Hai has outlined the drivers of this growth and the priorities for sustaining momentum next year.

Vietnam sets new trade record as import–export turnover nears $840 billion

Vietnam sets new trade record as import–export turnover nears $840 billion

Vietnam recorded its highest-ever trade performance in January-November as import–export turnover surged, driven by strong export growth and a continued trade surplus.