VietNamNet | January 3, 2011
Deputy Minister of Information and Telecommunication, Tran Duc Lai, cautioned that the telecom market will cool down in 2011 as the number of subscribers has been saturated.
The telecom market will cool down in 2011 as the number of subscribers has been saturated.
The warning comes despite U.S. research firm, Pyramid Research, projecting that Vietnam’s telecom industry revenues will reach $5.9 billion this year, doubling the figure of 2007.
The minister elaborated that Vietnamese authorities have tightened control over mobile networks via issuing regulations on promotion mobile numbers, prepaid and inactive subscribers.
Vietnam now has a total of 162.88 million phone subscribers, 91.2 per cent of whom are mobile phone users.
Pyramid said most of the revenues are attributed to the mobile phone field that is expected to continue being a major cash earner of Vietnam’s telecom service industry with the boom in 3G services.
According to the Ministry of Information and Telecommunication, Vietnam Posts & Telecommunications Corporation (VNPT), a leading telecom firm in Vietnam, is estimated to post revenues of VND101.57 trillion ($5.07 billion) and pay taxes of VND7.86 trillion ($392.75 million) this year.
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