Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade ETHUSD, Bitcoin and Cryptocurrencies

BUY & SELL ETHUSD | View ETHUSD News & Updates


Buy Sell ETHUSD, Bitcoin and Cryptocurrencies

Vietnam telcoms propose floor rates for mobile services   2010-01-21 - VNA

 
 
   
Vietnam’s big telecommunications companies have asked the Ministry of Information and Communications to establish minimum mobile phone service fees in fear of unhealthy competition this year.

 

In the proposal, the state-owned Vietnam Posts and Telecommunications together with the military-run Viettel, have recommended that the ministry apply floor charges of some VND800 per minute.

The companies also said the ministry should not allow sales promotions offering customers more than 50 percent off the credit they purchase.

Viettel deputy general director Nguyen Manh Hung said it was very likely that a fees “war” would break out among mobile phone service suppliers this year, implying unhealthy competition.

This could sink new companies and prevent major ones from expanding their business to disadvantaged areas and overseas, according to Hung.

Most foreign investors, meanwhile, said the “war” would take place sooner or later without the government’s interference.

Minister Le Doan Hop said the ministry would consider the proposal.



Other news

Vietnam was ‘pro-active’, ‘forceful’ on rate moves, ANZ says   2010-01-21

Vietnam state lender to sell VND3 trillion bonds   2010-01-21

Vietnam economic revival puts FDI projects back on track   2010-01-21

BUSINESS IN BRIEF 21/1   2010-01-21

Crisis over – Vietnam ready to welcome investment   2010-01-21

Both high economic growth rate and low inflation targeted for 2010   2010-01-21

PetroVietnam says don’t bank on finding large oil and gas fields   2010-01-21

World gold price plunges, domestic price follows   2010-01-21

Bank bankruptcy defined in law   2010-01-21

Seafood processors seeking new routes to market for produce   2010-01-21

Local textile, garment firms cooperate to boost expansion   2010-01-21

Could leasing forests to eco-tourist developers help save them?   2010-01-21

Mobi, Vina, Viettel say will sell iPhone in Vietnam soon   2010-01-21

Car dealers slash prices despite VAT   2010-01-21