Specifically, VNPT earned revenue of about VND101,055 billion ($4.81 billion), profit of VND6,310 billion (over $300 million), up 12% compared with 2013. By the end of 2014, VNPT had total subscribers of 30.5 million, including 26 million mobile subscribers. The number of new mobile subscribers of VinaPhone in 2014 reached 8.8 million and the number of broadband internet and IPTV subscribers were over three million and about one million, respectively.
In Vietnam, it’s tough to break into the local market with new products. On the legal side, it’s hard to get licenses for specific types of business, to get investment, and to navigate the murky realm of government policy. But that doesn’t mean there aren’t options. How is it that companies like Starbucks, McDonald’s, Samsung, IBM, and Intel are here? These international firms made it work by developing the right relationships. Finding the right partner can go a long way. Viettel, Vietnam’s largest telco is well aware of that, and is eager to team up with international partners to bring new technology to Vietnam.
Sources from the Ministry of Information and Communications said that the Department of Telecommunication has told Viettel to stop the program to provide a fiber optic Internet connection for the education sector in the northern province of Ha Nam, called FTTH EDU. The agency said that the program violates the regulations on price management and promotion in the field of telecommunications. Reportedly, Viettel not only has to stop this program in Ha Nam, but also across the country, and to report on this issue to the Ministry.
This is a low frequency with too much interference that had caused too many problems for EVN Telecom previously, according to Doan Quang Hoan, Director of Radio Frequency under MIC, reports ICTnews online. After Viettel returned this low frequency to the MIC, Hoan said the ministry should undertake a study on how to reuse this frequency to avoid waste. However, telecom experts said it was difficult to reuse this low frequency, and that’s why Viettel had returned it to the ministry.
According to the latest ‘State of the Internet’ quarterly report by content delivery network, Akamai, Viet Nam continues to lag behind in broadband adoption. It has the second slowest Internet speed in Asia and globally ranks 117th, behind Thailand, Indonesia and Philippines. The Akamai report states that the average Internet connection speed in Viet Nam is 2 Mbps while the global average Internet speeds have reached 3.9Mbps, and the highest average peak connection speed was 21.2Mbps.
In October last year, Tech In Asia reported that Kleii, Vietnam’s equivalent of Dropbox, was in a coma. The service accumulated more than one million users, but its business model was bleeding money. Nguyen Tuan Son, the CEO of Kleii, told us in October that he was re-evaluating the service and working on new ways to release it. Now that day has come. Today, Kleii’s blog announces three major steps on its path back to being a consumer and business cloud platform.