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
KFC Indonesia shutters numerous outlets, lays off thousands of employees

KFC Indonesia shutters numerous outlets, lays off thousands of employees

KFC Indonesia, owned by Gelael and Salim Group under PT Fast Food Indonesia Tbk (FAST), reported a net loss of IDR557.08 billion (over $36 million) as of the third quarter of this year, resulting in the company’s closure of 47 outlets (as of September) and sack of 2,274 employees.

Southeast Asia - Sun, November 10, 2024 | 11:00 pm GMT+7

Indonesia eyes to become world’s palm oil price setter

Indonesia eyes to become world’s palm oil price setter

Indonesia’s Ministry of Agriculture has set a target of making the country the world’s largest palm oil producer by 2025, enabling it to influence global prices of the commodity.

Southeast Asia - Sun, November 10, 2024 | 11:00 pm GMT+7

Vietnamese broker ACBS sees profit surge, sustained capital support from parent bank

Vietnamese broker ACBS sees profit surge, sustained capital support from parent bank

ACB Securities JSC (ACBS) has reported a surge in both charter capital and profit, fueled by continued investment from its parent company, Asia Commercial Bank (ACB).

Finance - Sun, November 10, 2024 | 7:45 pm GMT+7

Advocacy group GWEC proposes model for Vietnam to meet offshore wind targets

Advocacy group GWEC proposes model for Vietnam to meet offshore wind targets

The Global Wind Energy Council (GWEC), a member-based organization that represents the entire wind energy sector, has proposed a two-stage competitive model for Vietnam to scale investment and achieve its offshore wind development targets.

Energy - Sun, November 10, 2024 | 4:00 pm GMT+7

Foreign traders extend net-selling streak in Vietnam amid VND devaluation woes

Foreign traders extend net-selling streak in Vietnam amid VND devaluation woes

Foreign investors net sold a total of VND3,639 billion ($144 million) worth of Vietnamese shares in the week ended November 8, extending their net-selling streak amid concerns over the dong devaluation.

Finance - Sun, November 10, 2024 | 1:24 pm GMT+7

Vietnam to block customs clearance for purchases on unregistered online platforms

Vietnam to block customs clearance for purchases on unregistered online platforms

The General Department of Vietnam Customs (GDVC) has requested local customs authorities not clear shipments purchased via cross-border shopping platforms that have yet to register with the Ministry of Industry and Trade.

Economy - Sun, November 10, 2024 | 11:10 am GMT+7

Central counterparty clearing mechanism key to facilitating Vietnam stock market upgrade: exec

Central counterparty clearing mechanism key to facilitating Vietnam stock market upgrade: exec

A central counterparty clearing (CCP) mechanism is key to removing prefunding hitches and drawing more foreign investors to Vietnam’s stock market, says Ta Thanh Binh, general director of Vietnam Securities Depository and Clearing Corporation (VSDC).

Finance - Sun, November 10, 2024 | 9:00 am GMT+7

Vietnam semiconductor workforce meets just 20% of industry demand: academic

Vietnam semiconductor workforce meets just 20% of industry demand: academic

Vietnam faces a significant shortage of semiconductor workers, with the country currently meeting just 20% of actual demand, said a senior academic.

Economy - Sun, November 10, 2024 | 7:50 am GMT+7

Hot real estate prices not a good sign for Vietnam: association exec

Hot real estate prices not a good sign for Vietnam: association exec

Recent fluctuations in real estate prices in suburban areas and the surge in land auction prices are issues of concern, says Nguyen Van Dinh, vice chairman of the Vietnam Real Estate Association (VNREA).

Real Estate - Sat, November 9, 2024 | 9:27 pm GMT+7

200 billionaires to attend Art for Climate Festival in northern Vietnam

200 billionaires to attend Art for Climate Festival in northern Vietnam

Around 200 billionaires are expected to attend an Art for Climate Festival that the United Nations Alliance for Sustainable Development Goals (UnASDG) is jointly organizing early next year in the northern province of Quang Ninh.

Industries - Sat, November 9, 2024 | 7:18 pm GMT+7

Vietnam can achieve two-digit GDP growth if bottlenecks removed: PM

Vietnam can achieve two-digit GDP growth if bottlenecks removed: PM

Vietnam can achieve two-digit GDP growth rates in the coming decades if institutional bottlenecks are cleared and all resources are mobilized, Prime Minister Pham Minh Chinh asserted at a regular cabinet meeting on Saturday.

Economy - Sat, November 9, 2024 | 4:14 pm GMT+7

PYN Elite sees returns down 1.7% in October, first time since May

PYN Elite sees returns down 1.7% in October, first time since May

Finland-based PYN Elite Fund has said it recorded returns of negative 1.7% month-on-month in October, the first decline since May this year.

Finance - Sat, November 9, 2024 | 2:26 pm GMT+7

Philippines’ rice imports surpass 2023 level

Philippines’ rice imports surpass 2023 level

The Philippines’ rice imports so far this year have surpassed last year's level and can hit 4.2 million metric tons by end-2024, said Department of Agriculture's technical advisory group member and former undersecretary for rice industry development Leocadio Sebastian.

Southeast Asia - Sat, November 9, 2024 | 1:58 pm GMT+7

Indonesia, Canada discuss expediting completion of comprehensive economic pact

Indonesia, Canada discuss expediting completion of comprehensive economic pact

Indonesian Deputy Trade Minister Dyah Roro Esti expressed optimism that the 10th round of the negotiations on the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) will run smoothly and produce a substantial agreement.

Southeast Asia - Sat, November 9, 2024 | 1:54 pm GMT+7

Indonesia considers Apple’s $10 mln investment proposal

Indonesia considers Apple’s $10 mln investment proposal

Indonesian Deputy Minister of Industry Faisol Riza said at a Wednesday press meet that he has heard about Apple's plan to invest $10 million in Indonesia and hoped that this commitment will be fulfilled.

Southeast Asia - Sat, November 9, 2024 | 1:50 pm GMT+7

Indonesia shifts focus to upgrading existing airports

Indonesia shifts focus to upgrading existing airports

Indonesia has decided to put the brakes on a IDR14 trillion (over $888 million) project to build a fourth terminal at Soekarno-Hatta International Airport, the country's largest and busiest aviation hub.

Southeast Asia - Sat, November 9, 2024 | 1:46 pm GMT+7