"Vietnam continues to attract large foreign investments from countries including China, US and Singapore, which will fuel stronger demand for network connectivity in Vietnam. Our latest infrastructure expansion in Vietnam reflects our confidence in its economy and will enable us to support the country’s growing bandwidth requirements," said Mr. Bill Barney, Chief Executive Officer of Pacnet.

About Pacnet

Named “Best Wholesale Carrier” at the Telecom Asia Awards 2009, Pacnet is Asia’s leading independent telecommunications service provider, formed from the operational merger of Asia Netcom and Pacific Internet. Pacnet owns and operates EAC-C2C, the region’s largest privately-owned submarine cable network at 36,800 km, with a design capacity of 10.24 Tbps. The company offers a comprehensive portfolio of industry leading IP-based solutions for carriers, large enterprises and SMEs. Pacnet is headquartered in Hong Kong and Singapore, with offices in all key markets in Asia and North America. For more information, please visit: www.pacnet.com.

 

According to a recent report from the United Nations Conference of Trade and Development (UNCTAD), Vietnam leads the the South-East Asia region for foreign investment, with the capital flow tripling from 20.3 billion USDs in 2007 to 64 billion USDs in 2008.

Along with its burgeoning economy, Vietnam’s international bandwidth is forecast to grow aggressively. Latest research from TeleGeography puts Vietnam’s total international bandwidth usage in 2008 at 22.8 Gbps and this is forecast to grow more than 13 times to 302.4 Gbps in 2013.

"Through our partnership with FPT Telecom, a leading telecommunications service provider in Vietnam, we have established our first Vietnam PoP in Ho Chi Minh City, which enables us to deliver our global network connectivity solutions not only into Vietnam, but also into Cambodia and Laos," said Mr. Bill Barney, Pacnet’s CEO.

"Being the leading IP-based telecom operator in Vietnam, we always highly appreciate the importance of cooperation with international telcos like Pacnet. These partnerships bring global end-to-end communications services under one roof, enabling our customers in Vietnam to conveniently enjoy excellent service quality. We are pleased to be Pacnet’s key partner in Vietnam and look forward to strengthening our partnership in the coming months as it expands its presence in this country," said Mr. Nguyen Dinh Hung, FPT Telecom’s Vice CEO.

"As part of our strategic growth plans for the Indochina region, we are already looking to expand our presence to other cities in Vietnam over the next 12 months, and are also exploring landing our EAC-C2C subsea cable in Vietnam to provide FPT Telecom with access to Asia’s highest capacity subsea network," said Mr. Barney.

"With our series of data centers across the country that are equipped with state-of-the-art technology and operated by our internationally accredited network operations team, we are confident that our partnership with Pacnet will enable us to meet the most demanding requirements from our customers," added Mr. Nguyen Dinh Hung.

With the new PoP in Vietnam, Pacnet is now able to deliver its Global International Private Line Service, its industry-leading Global IP-VPN service as well as offering data center facilities to businesses there. "Our customers will enjoy the same high quality network services available in other Pacnet locations, to run their important applications such as ERP (enterprise resource planning) applications, and connect to their offices and partners around the world," said Mr. Wilfred Kwan, Chief Technology Officer of Pacnet.

In the next few months, Pacnet will also be expanding its product suite to include its comprehensive range of IP and managed services to Vietnam.

"Our enhanced capabilities in Vietnam, coupled with our strong presence in Singapore, will allow us to support the growing number of Singapore companies trading with, and expanding into Vietnam, by providing them an integrated solution for all their network connectivity needs," said Mr. Barney.

Singapore is one of Vietnam’s leading trading partners, with bilateral trade reaching 12 billion USDs in 2008, up 22 % in comparison with 2007. It is also one of the top investors in Vietnam, with investments exceeding 16 billion USDs last year.

While Vietnam’s current broadband penetration rate is just under 3%, it has almost doubled its broadband penetration since 2008 and has a huge potential for future bandwidth growth. It is also an increasingly attractive destination for offshore services, with Gartner ranking it as one of the top 10 locations for offshore services in the Asia-Pacific region.

For more information, please contact:

Lorain Wong
Pacnet
Tel: +852 2121 2973
Email: [email protected]

Roland Lim
Pacnet
Tel: +852 2121 2975
Email: [email protected]

Nguyen Thi Huyen Phuong (Ms)
FPT Telecom
Tel: +848 7300 8888/ext. 8540
Email : [email protected]