SpaceX seeks to provide Starlink satellite internet services in Vietnam

By Quang Minh
Sat, September 7, 2024 | 11:07 am GMT+7

U.S.-based tech giant SpaceX is ready to invest and provide its Starlink satellite internet services in Vietnam, says a senior executive, as the Southeast Asian country seeks to boost its digital economy.

Its intended services will cover many sectors like education, training, and disaster prevention, Tim Hughes, senior vice president for global business and government affairs at SpaceX, told Vietnam’s Prime Minister Pham Minh Chinh at a Friday meeting in Hanoi.

Prime Minister Pham Minh Chinh shakes hands with Tim Hughes, senior vice president for global business and government affairs at SpaceX, in Hanoi, September 6, 2024. Photo courtesy of the government’s news portal.

Prime Minister Pham Minh Chinh shakes hands with Tim Hughes, senior vice president for global business and government affairs at SpaceX, in Hanoi, September 6, 2024. Photo courtesy of the government’s news portal.

Praising Vietnam’s business climate, Hughes suggested Vietnam prepare necessary infrastructure and conditions so that its project can be highly effective and help Vietnam expand its Internet coverage to 100% of the population.

PM Chinh noted that Vietnam welcomes big tech companies, including SpaceX, to cooperate and invest in Vietnam, which is striving to build a digital government, digital economy and digital society and have digital citizens.

The government chief appreciated the American company's ideas and investment proposals. He affirmed that Vietnam has necessary infrastructure and policies to enable companies, including SpaceX, to invest and do business efficiently in the country.

Chinh asked SpaceX to work with relevant Vietnamese ministries and agencies to ensure that its project complies with Vietnamese laws and ensures network security.

He also encouraged further partnerships in areas where SpaceX has strengths and Vietnam has potential, such as science-technology, innovation, artificial intelligence, and Internet of Things.

The government leader called on SpaceX to pay heed to technology transfer, human resource training, and management expertise; to expand partnerships with Vietnamese businesses and help them deepen their involvement in global value chains.

The same day, at a meeting between Hughes and Vietnamese Minister of Information and Communications Nguyen Manh Hung, the two sides discussed the progress of satellite Internet services worldwide and related regulations, SpaceX’s business prospects in Vietnam as well as Vietnam’s role in the global electronics and telecommunications equipment supply chain.

Vietnamese Minister of Information and Communications Nguyen Manh Hung presents a gift to Tim Hughes, senior vice president for global business and government affairs at SpaceX, in Hanoi, September 6, 2024. Photo courtesy of VietNamNet.

Vietnamese Minister of Information and Communications Nguyen Manh Hung presents a gift to Tim Hughes, senior vice president for global business and government affairs at SpaceX, in Hanoi, September 6, 2024. Photo courtesy of VietNamNet.

Hughes shared that SpaceX had invested over $11 billion in its satellite Internet network with over 6,500 satellites. It started to provide Starlink Internet services in the U.S. in October 2020.

The company is serving nearly three million clients in over 100 nations worldwide, including in several ASEAN countries like Singapore, Indonesia, Malaysia, and the Philippines.

He expected to get assisted in bringing broadband services to areas in Vietnam without access to optical fibers like the services the company is providing in the U.S. and Canada.

Minister Hung lauded SpaceX’s proposals and briefed on the Vietnamese government’s efforts to bring Internet to remote areas and poor households.

Comments (0)
  • Read More
Indonesia promises Asia-Pacific investors more incentives

Indonesia promises Asia-Pacific investors more incentives

Indonesian President Prabowo Subianto recently told the press that he will create more incentives and expand special economic zones (SEZs) so as to lure investors from Asia-Pacific.

Southeast Asia - Mon, November 18, 2024 | 11:01 pm GMT+7

Indonesia, Brazil enhance aviation cooperation

Indonesia, Brazil enhance aviation cooperation

Indonesia's state-owned aircraft manufacturer, Dirgantara Indonesia (DI), and Brazilian aerospace company Embraer have signed a memorandum of understanding (MoU) to expand collaboration in the commercial aviation sector.

Southeast Asia - Mon, November 18, 2024 | 11:00 pm GMT+7

Indonesia eyes to become member of BRICS

Indonesia eyes to become member of BRICS

Indonesian President Prabowo Subianto has shown his country’s desire to become a member of the BRICS - the alliance of major emerging economies initiated by Brazil, Russia, India, China, and South Africa.

Southeast Asia - Mon, November 18, 2024 | 10:57 pm GMT+7

Former Party chief, chairman of Vinh Phuc province face disciplinary action

Former Party chief, chairman of Vinh Phuc province face disciplinary action

Vietnam’s Central Inspection Committee has proposed disciplining Pham Van Vong, former Party chief of Vinh Phuc, and Phung Quang Hung, former chairman of the northern province, for violations related to Phuc Son Group.

Politics - Mon, November 18, 2024 | 9:17 pm GMT+7

Shaping a waterway into a key shipping channel: Viconship gets dredging nod

Shaping a waterway into a key shipping channel: Viconship gets dredging nod

A major dredging project will allow safer ship navigation and increased cargo transportation capacity on the Hai Phong shipping channel, thereby enhancing competitiveness of Vinconship’s port system, says the company.

Companies - Mon, November 18, 2024 | 7:08 pm GMT+7

Former assistant to State President appointed general director of state-owned financial firm HFIC

Former assistant to State President appointed general director of state-owned financial firm HFIC

Truong Tuan Anh, an official at the State President Office and former assistant to a state president, has been appointed general director of Ho Chi Minh City Finance and Investment Stated-owned Company (HFIC).

Companies - Mon, November 18, 2024 | 5:35 pm GMT+7

MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch

MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch

Military Commercial Joint Stock Bank's (MBBank) takeover of Ocean Commercial Bank Limited (OceanBank) will have limited financial impact on the former’s credit profile, Fitch Ratings said Monday.

Banking - Mon, November 18, 2024 | 5:06 pm GMT+7

Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder

Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder

A win-win cooperation strategy is not just desirable, but a necessary condition for sustainable development, says Nguyen Ho Nam, founder of Vietnam’s private conglomerate Bamboo Capital Group.

Bamboo Capital - Mon, November 18, 2024 | 4:46 pm GMT+7

Vietnam central bank resumes selling gold after 1-month hiatus

Vietnam central bank resumes selling gold after 1-month hiatus

The State Bank of Vietnam (SBV), the country's central bank, on Monday announced that it will reactivate the sale of SJC-branded gold bars to meet market demand.

Banking - Mon, November 18, 2024 | 4:02 pm GMT+7

Vietnam 2nd biggest market of Thai giant Central Retail in Jan-Sept

Vietnam 2nd biggest market of Thai giant Central Retail in Jan-Sept

Thailand’s leading retailer Central Retail earned a revenue of THB37.99 billion ($1.09 billion) in Vietnam in the first nine months of this year, up 0.9% year-on-year.

Companies - Mon, November 18, 2024 | 4:00 pm GMT+7

Singapore firm to invest in $19.7 mln garment factory in central Vietnam

Singapore firm to invest in $19.7 mln garment factory in central Vietnam

Singaporean-based HGQ ASIA Pte., Ltd will pour nearly VND500 billion ($19.7 million) into building a garment factory in the south-central province of Binh Dinh.

Industries - Mon, November 18, 2024 | 2:23 pm GMT+7

IP developer KBC to raise $236 mln to restructure debts, augment capital

IP developer KBC to raise $236 mln to restructure debts, augment capital

Kinhbac City Development Holding Corporation (KBC), a leading industrial real estate developer in Vietnam, will offer 250 million shares to 11 investors for more than $6,000 trillion ($236.4 million) to restructure its debts.

Companies - Mon, November 18, 2024 | 2:17 pm GMT+7

Vietnam's chemical giant Vinachem targets $500 mln trade turnover with Brazil in 2030

Vietnam's chemical giant Vinachem targets $500 mln trade turnover with Brazil in 2030

Vietnam’s state-run chemical group Vinachem and Brazil’s major trading firm Oceanside One Trading LLC say they will strive to boost their bilateral trade to $500 million in 2030.

Companies - Mon, November 18, 2024 | 12:32 pm GMT+7

Vietnam may welcome more FDI from US allies in Trump 2.0: broker

Vietnam may welcome more FDI from US allies in Trump 2.0: broker

More companies from U.S. allies and elsewhere may move more production facilities to Vietnam in the second term of Donald Trump as U.S. President, given the expected intensification of U.S-China trade tension, according to KB Securities Vietnam (KBSV).

Economy - Mon, November 18, 2024 | 12:19 pm GMT+7

Vietnam PM asks Brazil's aerospace giant Embraer to help with air logistics development

Vietnam PM asks Brazil's aerospace giant Embraer to help with air logistics development

Vietnam seeks to build an air logistics center and plans to collaborate with Brazil’s aerospace giant Embraer for the task, says Prime Minister Pham Minh Chinh.

Companies - Mon, November 18, 2024 | 10:45 am GMT+7

Singapore-domiciled TAEL Two Partners struggles to divest from Vietnam taxi operator Vinasun at loss

Singapore-domiciled TAEL Two Partners struggles to divest from Vietnam taxi operator Vinasun at loss

Singapore-headquartered fund TAEL Two Partners has planned to divest entirely from Vietnamese taxi operator Vinasun at a heavy loss after more than a decade of investment.

Finance - Mon, November 18, 2024 | 10:19 am GMT+7