Illustrative image (Source: VNA) Hanoi (VNA) – The Ministry ofInformation and Communications (MIC)’s Authority of Telecommunications held aninternational seminar in Hanoi on October 30 on competition andtelecommunications rates management.
Speaking at the event, Deputy Minister ofInformation and Communications Nguyen Thanh Hung said telecom providers arecompeting with each other by providing below-market rates and regularpromotions, adding that if this prolongs, they will easily go bankrupt.
In order to grow sustainably, he suggestedthey take new approaches to corporate governance and sales to better servecustomers.
The MIC will stand side by side withtelecom companies to develop services and adopt technological advances for the country’seconomic development, he said.
Ashish Narayan from the InternationalTelecommunication Union’s Regional Office for Asia and the Pacific said competitionnow covers not only prices but also transmission capacity and servicesinnovation.
Participants shared the view thatanti-monopoly must be put in top priority to create a transparent market, thus ensuringthe benefit of customers.
Vietnam now records 70 telecommunicationsfirms, including 37 ones receiving infrastructure licenses and 33 othersoffering telecom services.
As of the late June, there were 124 mobilephone subscribers, 50 mobile broadband subscribers and 11 fixed broadbandsubscribers per 100 people.
Last year, the sector’s revenue grew by 7.5percent from the previous year.
The event will last till October 31,focusing discussions on business activities and technological advances in thefield to catch up with Industrial Revolution 4.0.-VNA
Speaking at the event, Deputy Minister ofInformation and Communications Nguyen Thanh Hung said telecom providers arecompeting with each other by providing below-market rates and regularpromotions, adding that if this prolongs, they will easily go bankrupt.
In order to grow sustainably, he suggestedthey take new approaches to corporate governance and sales to better servecustomers.
The MIC will stand side by side withtelecom companies to develop services and adopt technological advances for the country’seconomic development, he said.
Ashish Narayan from the InternationalTelecommunication Union’s Regional Office for Asia and the Pacific said competitionnow covers not only prices but also transmission capacity and servicesinnovation.
Participants shared the view thatanti-monopoly must be put in top priority to create a transparent market, thus ensuringthe benefit of customers.
Vietnam now records 70 telecommunicationsfirms, including 37 ones receiving infrastructure licenses and 33 othersoffering telecom services.
As of the late June, there were 124 mobilephone subscribers, 50 mobile broadband subscribers and 11 fixed broadbandsubscribers per 100 people.
Last year, the sector’s revenue grew by 7.5percent from the previous year.
The event will last till October 31,focusing discussions on business activities and technological advances in thefield to catch up with Industrial Revolution 4.0.-VNA
VNA
