Maximising growth opportunities in Vietnam’s Telecom Industry
Posted on: August 28, 2009 – Filed under: Hanoi
~ NIICS and Frost & Sullivan to co-organise a growth conference for the telecom
fraternity in Vietnam ~
fraternity in Vietnam ~
Singapore, August 28, 2009 – The National Institute of Information and Communications Strategy (NIICS) and Frost & Sullivan will be co-organising a growth conference titled Vietnam Telecoms Growth Conference 2009 from September 23-24, 2009 at the Intercontinental Hanoi Westlake hotel. The summit is endorsed by Ministry of Information and Communications of Vietnam (MIC).
Given the low broadband penetration rates, Vietnam is certainly a lucrative market for the operators. Vietnam is poised for fast growth in the Asia Pacific region by on-going market de-regulation, sustained upgrading of the ICT infrastructure, equitisation of government-owned telecom entities, 2G coverage expansion, 3G deployments and an intial rollout of WiMAX. Vietnam’s recent membership in the World Trade Organization will accentuate opportunities for
investors and local market players.
Elaborating on the country’s busy and fast progressing telecoms market, Dr Lam, Vice President from NIICS says, “Vietnam’s mobile market is poised to enter a new phase of development in 2009 as 3G licenses have been issued and now the country’s mobile operators are preparing to join the mobile broadband era. The local market has also quickly become one of the most competitive in the region with eight national operators striving for revenue and subscriber market share, and we believe that mobile broadband will play a key role in expanding the size of the addressable internet market. It is for these reasons that we seek to bring Vietnam’s operator, vendor, and regulatory communities together to share best practices from other Asian markets and discuss and debate the future strategies that will be needed to make 3G deployment successful in Vietnam.”
Given the low broadband penetration rates, Vietnam is certainly a lucrative market for the operators. Vietnam is poised for fast growth in the Asia Pacific region by on-going market de-regulation, sustained upgrading of the ICT infrastructure, equitisation of government-owned telecom entities, 2G coverage expansion, 3G deployments and an intial rollout of WiMAX. Vietnam’s recent membership in the World Trade Organization will accentuate opportunities for
investors and local market players.
Elaborating on the country’s busy and fast progressing telecoms market, Dr Lam, Vice President from NIICS says, “Vietnam’s mobile market is poised to enter a new phase of development in 2009 as 3G licenses have been issued and now the country’s mobile operators are preparing to join the mobile broadband era. The local market has also quickly become one of the most competitive in the region with eight national operators striving for revenue and subscriber market share, and we believe that mobile broadband will play a key role in expanding the size of the addressable internet market. It is for these reasons that we seek to bring Vietnam’s operator, vendor, and regulatory communities together to share best practices from other Asian markets and discuss and debate the future strategies that will be needed to make 3G deployment successful in Vietnam.”