The military telecom group Viettel said it has spent 50 million USD to connect the AAE-1 international submarine cable network with its station in the southern province of Ba Ria-Vung Tau.
A section of the AAE-1 international submarine cable in Vietnam (Source: ictnews.vn)
Hanoi (VNA) – The military telecom group Viettel said it has spent 50 million USD to connect the AAE-1 international sub🥀marine cable network with its station in the southern province of Ba Ria-Vung Tau.
The 23,000 km system, stretching across Asia, Africa and Europe, costs an accumulated 820 million USD, financed by 20 partners from 18 countries worldwide.
After operational, scheduled for late 2016, the network is expected to significantly enable the group to establish sound international connection infrastructure, meet domestic increasing demands for broadband internet and connect the African nations where Viettel has invested in, like Tanzania and Burundi, with Europe.
The system plays an important role in ensuring the safety of the group’s international connection as well as national information security, and maintaining undisrupted connection between Vietnam and the world.
Viettel now operates in Vietnam and other nine countries in Asia, Africa and South America with 85 million clients. It earned 1.4 billion USD in revenue in foreign markets in 2015.-VNA
Viettel Global, a subsidiary of the military-run telecommunication group Viettel, aims to develop one or two new markets and attract 8.35 million new customers in 2016.
Telecom group Viettel will establish a representative office in Ethiopia in East Africa with the aim of researching the market and promoting investment in the country, Viettel said.
Nexttel, Viettel's brand in Cameroon, won the award for best Internet Service Provider in Cameroon at the 2015 Ascom Prizes for communications companies last month.
The military-run telecommunication group Viettel has confirmed that it is ready to provide 4G services once the mobile telecom technology is allowed to be put into operation.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
A section of the AAE-1 international submarine cable in Vietnam (Source: ictnews.vn)
