Business

Indochina Telecom debuts first mobile virtual network in Vietnam

By Minh Thu April 26, 2019 | 09:25 AM GMT+7

With 087 as its network code, Indochina Telecom has become the first mobile virtual network operator in Vietnam after a decade of struggling to put it into service.

Indochina Telecom is the latest mobile network operator in Vietnam.

Indochina Telecom yesterday announced the launching of the country’s first mobile virtual network that will compete with five other operators.

Unlike the traditional mobile network model, a virtual network operator does not have to build telecommunications infrastructure and instead, it will cooperate with large telecoms networks to use their existing infrastructure.

Indochina Telecom is partnering VNPT Group subsidiary VinaPhone after it failed to negotiate a similar deal with Viettel.

Its deputy general director Luu Anh Son said the virtual model would help save considerable costs, time and effort whilst still ensuring quality for users.

Reselling voice and data packages is an effective way for VinaPhone to share network operating costs and quickly recover the initial investment, he added.

Indochina Telecom has started to introduce services for workers in industrial parks in nine provinces and cities including Hanoi, Thai Nguyen, Vinh Phuc, Bac Giang, Bac Ninh, Binh Duong, Ho Chi Minh City, Long An and Dong Nai.

The operator is offering a package allowing users to enjoy all under-20-minute call within the network and Vinaphone and 30 minutes call to other network at cost of VND77,000 ($3.3) a month.

Son said the operator would cooperate with all other networks to create convenient services with best connection but at reasonable price.

There will be a variety of packages to provide for different groups and user segments, he added.

Vietnam currently has five mobile network operators including Vinaphone, MobiFone, Viettel, Vietnammobile and G-tel.

Menas signs to elevate lifestyle experiences at Keppel’s properties in Vietnam

Menas signs to elevate lifestyle experiences at Keppel’s properties in Vietnam

Business -  3 week

Menas Group has entered a strategic partnership with Keppel to co-develop an integrated ecosystem of lifestyle services across Keppel’s real estate projects in Vietnam, beginning with the landmark Celesta City development in Saigon South.

Phuc Sinh secures $15 million investment from Dutch investor for sustainable expansion

Phuc Sinh secures $15 million investment from Dutch investor for sustainable expansion

Business -  3 week

Phuc Sinh’s expansion underscores Vietnam’s growing role in sustainable agriculture and its increasing appeal to global investors

PVI Asset Management and SonKim Capital partner to revolutionize real estate investments

PVI Asset Management and SonKim Capital partner to revolutionize real estate investments

Business -  1 month

PVI Asset Management (PVI AM) and SonKim Capital (SK Capital), a business unit of SonKim Group has announced a strategic collaboration to develop innovative real estate investment products tailored for institutional investors and high-net-worth individuals.

Filum AI secures $1 million amidst funding winter

Filum AI secures $1 million amidst funding winter

Business -  1 month

Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.

New decree eliminates barriers and enhances access to financing for enterprises

New decree eliminates barriers and enhances access to financing for enterprises

Business -  1 month

Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.

Lux Travel DMC earns global recognition for sustainability

Lux Travel DMC earns global recognition for sustainability

Business -  1 month

Lux Travel DMC has solidified its position as one of the global leaders in sustainable tourism with the prestigious Travelife Certified Sustainability Award 2025.