US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
StreamNet Co., Ltd. which is the Joint-venture in Myanmar between Vietnam Posts and Telecommunications Group (VNPT) and Myanmar-based Elite Telecom Public Co., Ltd (Elite Telecom Public) was established to “boost VNPT’s international investment and business”.
The launching ceremony of StreamNet Co., Ltd. (StreamNet) has just been conducted in Myanmar. StreamNet was officially established in September, 2017 with the total initial investment capital of US$15 million. VNPT and Elite Telecom Public hold 67 and 33 per cent stake of StreamNet, respectively.
Once in operation, StreamNet will offer a number of telecommunication services including FTTx, leased line VPN, IP transit, satellite, domain, web hosting, and email.
StreamNet is a part in VNPT’s plan to become a leading telecommunication and IT supplier in Southeast Asia. Over a few years, VNPT has enhanced its regional investment and business, and it views Myanmar is a key market.
Tran Manh Hung, President of VNPT’s Board of Members said that VNPT opened its representative office in Myanmar in 2014 to form the foundation for VNPT’s subsequent investment and business. VNPT and Elite Telecom Public became partners in 2015.
Previously, VNPT’s competitor Viettel announced a joint-venture with Myanmar National Tele & Communications Co., Ltd, with investment capital of US$2 billion. The venture was granted the fundamental telecommunication service license with the duration of 15 years.
This is the joint-venture among Viettel Global (a subsidiary of Viettel), Myanmar National Telecom Holding Public Limited (MNTH) and Star High Public Company Limited (Star High), of which 49 per cent stake is held by Viettel Global.
It is the largest investment that a Vietnamese telecommunication supplier has invested in the foreign market.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.