|By Business Wire||
|February 6, 2013 10:59 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/2v72nc/2013_vietnam) has announced the addition of the "2013 Vietnam Telecommunications Services Report" report to their offering.
Which industry has been contributing the most to Vietnam's economic growth, one might ask. It could be oil and gas, agriculture, textile, or anything else, but it cannot be denied that the telecommunications industry used to be a key driver for the whole economy. While the IT industry has made a significant contribution to the country's GDP within the past several years, the telecommunications industry seems to have fallen behind. While Vietnam is now ranked among the most attractive destinations for IT outsourcing and FDI companies such as Samsung, Nokia, Canon, Intel, Foxconn, and Gemtek Technology have increased their commitment and investment in Vietnam, foreign investors such as SK Telecom and VimpelCom have tried to find ways to exit and Hutchison Telecommunications have been struggling with intensified competition. Vietnam lacks strategic investors in the sector while local players such as Viettel and VNPT are seizing more than 80% of the market share and functioning as an oligopoly. There have been signs that such relationships are violating the competition law while ruining customers' benefits.
2011-2012 was a busy period for the telecommunications sector in Vietnam. The telecommunications industry has left its hot growth stage to dig deeper in the saturated area. One can see that there will be no more leapfrogging in revenue streams and the number of subscribers. Operators have to maintain or increase ARPU by introducing more new applications and value-added services and at the same time they have to reduce the frequency and strength of promotion campaigns. This year was also a starting point for an unavoidable trend of industry consolidation and restructuring to assist the market to become more attractive and competitive. EVN Telecom was merged into Viettel. VNPT is about to choose proper solutions to meet new regulation of not owning more than 20% of two networks at the same time. The domestic market seems to be narrow so after Viettel, other Vietnamese operators have started to invest in overseas markets.
As a strategic document, the report provides readers with the big picture about Vietnam, regulatory and legal framework relevant to the telecommunications industry, extensive analysis on the licensing and investment framework, extensive analysis on forms of foreign investment and market entry, on major challenges and opportunities of specialized telecom areas, especially, mobile and broadband as these are two sectors that are the driving forces of the industry, and information on key major companies.
Key Topics Covered:
1 Executive Summary
2 Vietnam At A Glance
3 Regulatory And Legal Context
4 Investment Framework In Vietnam Telecom
5 Telecommunications Services Market In Vietnam
6 Key Telecom Companies
- Saigon Postel (Spt)
- Hanoi Telecom
- Fpt Telecom
- Cmc Telecom
For more information visit http://www.researchandmarkets.com/research/2v72nc/2013_vietnam
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