HANOI, Aug 10 (Reuters) - Vietnam military firm Viettel will help form a commercial bank and a hydro-power construction firm to operate in Cambodia, the official Vietnam News Agency (VNA) reported on Friday.
The unlisted Hanoi-based company would spend $1.2 million on an 8 percent stake in the Vietnam-Cambodia Joint Stock Bank, which aimed to serve Vietnamese firms doing business in Cambodia, VNA said.
Viettel, fully owned by the army, had also decided to invest 120 billion dong ($7.4 million) in a 5 percent stake in EVN Cambodia Co., which would build hydro power plants on the Mekong river, the VNA report said. >
It quoted a Viettel official as saying the company was also finalising talks on forming a telecoms venture with Laos Asia Telecom and would hold a 49 percent stake.
Viettel's business in Laos and its new interest in Cambodia, where it already provides telephone services, mark another step in its plan to expand in the region.
Early last month, officials of the firm said Viettel planned to offer express mail and other postal services in Singapore and Thailand.
Viettel has become a dominant telecoms player this year, seizing about one-third of Vietnam's mobile phone market share.
It was Vietnam's first telecoms firm to invest abroad when it started Voice over Internet protocol (VOIP) services in Cambodia late last year, then mobile phone and Internet services. ($1=16,162 dong)
The unlisted Hanoi-based company would spend $1.2 million on an 8 percent stake in the Vietnam-Cambodia Joint Stock Bank, which aimed to serve Vietnamese firms doing business in Cambodia, VNA said.
Viettel, fully owned by the army, had also decided to invest 120 billion dong ($7.4 million) in a 5 percent stake in EVN Cambodia Co., which would build hydro power plants on the Mekong river, the VNA report said. >
It quoted a Viettel official as saying the company was also finalising talks on forming a telecoms venture with Laos Asia Telecom and would hold a 49 percent stake.
Viettel's business in Laos and its new interest in Cambodia, where it already provides telephone services, mark another step in its plan to expand in the region.
Early last month, officials of the firm said Viettel planned to offer express mail and other postal services in Singapore and Thailand.
Viettel has become a dominant telecoms player this year, seizing about one-third of Vietnam's mobile phone market share.
It was Vietnam's first telecoms firm to invest abroad when it started Voice over Internet protocol (VOIP) services in Cambodia late last year, then mobile phone and Internet services. ($1=16,162 dong)
9 comments:
The Vietnamese should stop doing business in Cambodia. They only want to suck all our resources.
Do they stuck something into Bonaru Hun Xen?
change the regime and everything will go.
Halaluya!
As Cambodian we will accept only civil investment, but not military investment from VN.
kh
Strengthening communist military force to control Cambodia ,oh! folks we are in trouble,if Som Ransy will not win the election ,there big obstacles to our motherland, the Kampuchea Krom book start to open the page in Cambodia?
-Yiekcong kill Khmer +Vietnam save Cambodian -+-Youn dominate Cambodian=Cambodian loose every thing=====>>wake up it is not too late ,quit believing with yuon black stained teeth.
912
En tenant les telecom, les youns vont pouvoir ecouter toutes les conversations et intercepter tous les echanges d'information entrants ou sortants du Cambodge. Deja, tous les acces au web mondial se font via une passerelle installée au Vietnam.
What the fuck they let the military of another country to do business in Cambodia? Will the Vietnamese government let the Russian military run a business in their country? It smells like trouble is coming our way again. Why are you so stupid AH HUN SEN? Did you know you are destroying Cambodia? Do you realize that? How much have they bought you? If I were you I would die for my country.
It's called free market, you dumb fucks. Since Vietnam is a communist country, their economy is run by the government also. Therefore, the Vietnamese government's investment in Cambodia just like any other private investors. Stop your back-ward mentality of the 10th century all you ignorant racist Khmer piece of shit. I am Khmer and Vietnamese take-over of Cambodia should be the least of the worries. If you fuckers really care about cambodia you would stop bitching your pussy ass mouth and come to help but no you won't because you all are just fucking hypocrite that only TALK.
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