31 Aug 2012 Intellasia Finance Vietnam - Hong Kong Business ...

BUSINESS
Vietnam finance & business 31 August 2012
VNPT told to redo
restructuring plan this
year
HCM City hosts
Consumer Digital
World Expo 2012
Downturn shrinks
ICT event
31/AUG/2012 INTELLASIA | SAIGON TIMES DAILY
The Ministry of Information and Communications has asked Vietnam Posts and Telecommunications
Group (VNPT) to submit to relevant authorities its own restructuring
plan for final approval within this year, after rejecting the group's previous plan.
According to the ministry, reforming enterprises in the industry must clarify the difference
between business activity and public welfare activity.
For important telecom markets like fixed and mobile phone or broadband Internet, the
restructuring needs to ensure the participation of at least three major enterprises in
each sector. The purpose is to boost competition among industry players whilst restricting
the overwhelming presence of State-owned firms from other sectors.
Besides, restructuring schemes of industry insiders also need to sustain growth of markets
in line with the overall economic restructuring and to balance benefits of the State
and businesses and citizens.
In order to ensure economic security in the telecom sector, the State will continue to
hold majority stakes in a number of services suppliers whose infrastructure and public
welfare services play an important role in the national telecom infrastructure's operation.
Deputy minister of Information and Communications Le Nam Thang told the Daily
that in fact VNPT had previously submitted its restructuring project to related ministries
and agencies for comments. However, the scheme was said to be unsuitable as it
had been drafted before the ministry set up orientations on restructuring plans of companies
in the industry, Thang added.
As such, only when VNPT builds up its restructuring scheme in accordance with the
ministry's rules may the group gain approval from competent authorities for restructuring.
http://english.thesaigontimes.vn/Home/business/ict/25330/
31/AUG/2012 INTELLASIA | VOV
Vietnam Consumer Digital World Expo 2012, co-hosted by IDG Vietnam, HCM City
Computer Association and the National Steering Committee on Information and Technology,
opened at Tan Binh International Exhibition & Convention centre on August
30.
The four-day exhibition showcases more than 200 booths from ten countries and territories
with various kinds of technology products such as mobile phones, electronics,
telecommunications, digital devices, and the application of cloud computing.
The event aims to introduce the most advanced products, services and technology solutions
for consumers, and provide an opportunity for enterprises to seek new partners.
Deputy Chair of the HCM City People's Committee Le Manh Ha said that the exhibition
provides a window into the digital era with series of smarter, more powerful and
more useful products, meeting the demand from customers.
http://english.vovnews.vn/Home/HCM-City-hosts-Consumer-Digital-World-Expo-
2012/20128/141600.vov
31/AUG/2012 INTELLASIA | VNS
The 17th Vietnam Consumer Digital World Expo (VCW 17) opened yesterday in HCM
City, organised by International Data Group (IDG Vietnam) in conjunction with the
HCM City Computer Association (HCA).
The scale of this year's event is smaller by 30 per cent compared with last year due to
the global financial crisis, and domestic economic challenges, as well as the increased
development of e-commerce.
The exhibition will display 13 types of products, including mobile and telecommunications
equipment, digital ware, software, hardware, GPS, cloud-computing applications,
smart-home applications and home-entertainment products.
More than 200 exhibits from 10 countries and territories are part of the event which
will close on September 2. More than 200,000 visitors are expected.
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