Want to be in the loop?
subscribe to
our notification
Business News
VN EXPECTED TO ISSUE 4G LICENSES THIS YEAR
VinaPhone, Viettel Group, MobiFone and FPT Telecom Corp have test run 4G services. FPT Telecom was the last firm allowed to pilot the service though it sought approval late last year.
A representative of FPT Telecom said the company is preparing for the pilot launch of the service.
The ministry plans to approve the firms with successful pilot programs to go ahead with the 4G service this year.
At a meeting last week, the ministry called on the Authority of Radio Frequency Management (ARFM) to speed up procedures for licensing the 4G Long Term Evolution (LTE) service on the 1800 MHz frequency band by the year-end. Licensing may take place at the end of the third quarter or the start of the fourth quarter.
The ARFM said infrastructure is ready for the 4G service to be launched on a wider scale. The frequency band for 4G has been in place and the network operators are awaiting approval to commercially provide the service.
After having successfully tested 4G in the southern province of Ba Ria-Vung Tau, Phu Quoc Island and HCMC, VinaPhone and Viettel have sought approval from the ministry to launch the service in order to make them more proactive in drawing up sale plans and investing in building stations and operation systems for the service.
The ministry has permitted 4G on the 1800 MHz frequency band which was previous used for 2G. Mobile carriers licensed for 2G will be eligible to provide 4G on this band.
Source: The Saigon Times
Related News
![Card image cap](/uploads/news/Eco4.jpg)
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
![Card image cap](/uploads/news/FDI.jpg)
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
![Card image cap](/uploads/news/FDI3%20%281%29.jpg)
CONGLOMERATES AID FOREIGN MANUFACTURING INVESTMENT
The manufacturing and processing sector is attracting major investment from abroad, thanks to the expansion of key conglomerates, especially from South Korea. With total revenues of about $16.2 billion and profit of $400 million last year, Hyosung Group, which works in textiles and garments, industrial materials, IT, construction, and chemicals, has expressed its plan to expand operations in Vietnam.
![Card image cap](/uploads/news/Eco8.jpg)
SPECIAL POLICIES PROPOSED TO DEVELOP THE SEMICONDUCTOR INDUSTRY
The draft law has proposed a number of outstanding policies to promote the development of the digital technology industry, develop the brand of Việt Nam's digital technology industry and develop domestic and foreign markets, as well as investing, purchasing and selecting suppliers of digital technology products and services using State budget capital.
![Card image cap](/uploads/news/CN40.jpg)
ESTABLISHING NATIONAL COMPREHENSIVE DATABASE FOR DIGITAL TRANSFORMATION
Vietnam's Ministry of Public Security is drafting the data law project to unify, synchronize and effectively use data for administration and social economic development, for digital government development and for administrative procedure reform.