StreamNet, a joint venture between Vietnam Posts and Telecommunications Group (VNPT) and Myanmar’s Elite Telecom Public Co., Ltd., was launched in Yangon on October 27 in the presence of Minister of Information and Communications Truong Minh Tuan.
StreamNet, a joint venture between VNPT and Myanmar’s Elite Telecom Public Co., Ltd., was launched in Yangon on October 2. (Photo: VNPT)
Hanoi (VNA) – StreamNet, a jointventure between Vietnam Posts and Telecommunications Group (VNPT) and Myanmar’sElite Telecom Public Co., Ltd., was launched in Yangon on October 27 in thepresence of Minister of Information and Communications Truong Minh Tuan.
According to Chairman of VNPT’s MemberCouncil Tran Manh Hung, the group opened a representative office in Myanmar in2014, aiming to help the group invest in the country.
VNPT and Elite Telecom Public becamepartners in 2015, and established the 15-million-USD joint venture last September,in which VNPT accounts for 67 percent of shares.
Telecom operator StreamNet will offerservices including FTTs, Leased Line VPNs, IP transit, satellites, domain names,web hosting and more.
In his remarks at the launch ceremony,Minister Tuan said the establishment of StreamNet to develop telecominfrastructure and provide broadband services in Myanmar between firms from thetwo countries reflects the success of the Vietnam-Myanmar comprehensivepartnership.
He said he believes StreamNet will helpachieve the Myanmar government’s goals of developing the local telecomsmarket.-VNA
The Vietnam Posts and Telecommunications Group (VNPT) has the largest number of broadband subscribers in Vietnam, said VNPT Deputy General Director Nguyen Truong Giang.
4G mobile phone services are expected to boom in Vietnam in 2017, accelerating the completion of national programmes such as e-Government, Smart City and Smart Agriculture.
Thee major telecom network providers - Viettel, VinaPhone and MobiFone - started testing mobile number portability (MNP) on September 21, which allows subscribers to keep existing mobile number when switching networks.
Telecom operator Vietnam Posts and Telecommunications Group (VNPT) expects to hold its initial public offering (IPO) in 2019, according to the group’s chairman Tran Manh Hung.
The top 50 information technology (IT) companies of Vietnam in 2017 has total revenue of over 20.67 trillion VND (936 million USD) and employ over 35,500 people, according to the Vietnam Software and IT Services Association (VINASA).
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
StreamNet, a joint venture between VNPT and Myanmar’s Elite Telecom Public Co., Ltd., was launched in Yangon on October 2. (Photo: VNPT) 
