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Cập nhật ngày: 13/12/2008, 19:07 GMT+7.

Telecom sector to open to foreign investors in 2020

Government issued Decree No 121/2008/ND-CP ruling on the direct investment terms in post and telecommunications sector and offering a roadmap of foreign investment in the domestic telecom market, Ministry of Information and Communication reported on December 5.

Under it, after the first three-years, from the time Vietnam joined WTO, the foreign investors who want to supply basic telecom services or internet services will have to form a joint venture with at least one domestic enterprise. And the domestic partner must contribute at least 49% of the total project capital.

Regarding the delivery service, foreign investors are allowed to invest 50% at the most in joint ventures. Until January 11, 2012, foreign investors will be allowed to set up joint ventures with domestic partners with the capital contribution ratio of over 51% or establish a 100% foreign owned firm.

From: Intellasia



              




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