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Vietnam: Local telecoms hook into global market.

Thai Press Reports

| February 18, 2011 | COPYRIGHT 2008 Thai News Services. (Hide copyright information)Copyright

Section: Business News - Military-owned telecom operator Viettel has said investment in foreign markets is a vital task.

"It will help the company become a multi-national as well as create a big enough market for the equipment we make," a senior company official told Dau Tu (Vietnam Investment Review) newspaper.

Last month the company received a licence to operate in Peru , its fifth foreign markets after Cambodia , Laos , Haiti and Mozambique .

Viettel plans to invest 400 million USD in 10 years in the South American country and hopes to become one of the top three service providers there in two to four years.

This year it will set up more than …

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