Vietnam Investment Environment and ICT Market Report up to 2010 and beyond(2)07 Apr 2011 • by Natalie Aster
According to a recent report by the Vietnamese government to the annual meeting of National Assembly in 2010, Vietnam can reach a GDP of $106 billion in 2010 and of $300 billion by 2020. Further, Vietnam might achieve a GDP of $700 billion, $1,400 billion, and $2,800 billion in 2030, 2040, and 2050, respectively.
The report “Vietnam Investment Environment and ICT Market Report up to 2010 and beyond” by NNMT Advisor provides details on key macroeconomic indicators, trends of foreign investment in Vietnam, taxation issues, banking system, private equity, and corruption. The report also provides details on legal basis, forms of foreign investment, merger and acquisition, regulation and licensing in telecommunications, privatization and liberalization of the telecom market, and the new telecommunications law. It indicates deep analysis on major challenges and opportunities as well as every single aspect of the industry: from wireless communication including mobile communications and satellite communications to wireline communications consisting of fixed-line telephony, VoIP, submarine cables, Internet and capacity services and to IT-relateds such as Internet Data Center, software, hardware, and digital contents. Profiles of major companies in the industry are also provided for further preference.
We do not have the means to forecast the GNP of Vietnam as we cannot collect information relevant to overseas Vietnamese individuals and enterprises' created values. However, we can estimate that overseas Vietnamese have sent back to Vietnam about $6 billion last year.
Vietnam Investment Environment and ICT Market Report up to 2010 and beyond
Published: July 2010
Price: US$ 1,400.00
Report Sample Abstract
There are two categories of telecommunication licenses in Vietnam. First, the licenses for doing telecommunication businesses which include a) infrastructure-based telecommunications licenses granted to those enterprises which provide telecommunications services utilizing the telecommunications infrastructure networks and b) services-based telecommunications licenses granted to enterprises which provide telecommunications services without the need of utilizing infrastructure network. Infrastructure-based licenses normally have terms not exceeding 15 years while services-based licenses have those not exceeding 10 years. The second license category is for performing telecommunications work such as a) licenses for setting subsea cables with terms not exceeding 25 years, b) licenses for private network with terms not exceeding 10 years, and c) licenses for establish pilot networks and provide trial services with the terms not exceeding 1 year.
BASIC PRINCIPLES FOR TELECOMMUNICATIONS LICENSING
The following principles are used when considering an application for a specific telecommunications license:
- The license is appropriate and matches with the nation’s development strategy and master plan.
- The license is having a priority in consideration if the project is feasible and fast to deploy, commits to long-term benefits of end users, or reaches the remote areas where having disadvantage socio-economic conditions.
- The application for a license, if relevant to the telecommunications' resources, is only considered if the allocation of such resources is feasible and in place with the approved usage plan in addition to the effectiveness of using telecommunications resources.
- Licenses are lawfully responsible for the accuracy of licenses application packages, for implementation of specific regulations provided in the licenses, and for their commitments with the regulator.
EVN Telecom by mid 2010 has announced their plan to privatize by end of 2010. EVN Telecom will sell shares to foreign strategic investors who have strong experience in the telecommunications sector especially 3G. It is said that Saigon Postel has also been working on several options to invite strategic investors on board within this year while Viettel and MobiFone have just been converted into limited liability companies. At this point in time these two companies have only one member which is the State but they can fully operate under the Law on Enterprises.
The IT industry has grown rapidly with an annual growth rate in range of 20%-25% since 2000 to date. Some basic statistics are provided in the below figures.
More information can be found in the report “Vietnam Investment Environment and ICT Market Report up to 2010 and beyond” by NNMT Advisor
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