SINGAPORE, 16 JUNE 2009 Telecommunications service provider PacNet is further expanding its presence in the ASEAN region, with the launch its first point-of-presence (PoP) in Vietnam. Located in Vietnam's capital Ho Chi Minh City, the PoP was established in partnership with Vietnamese telecommunications provider FPT Telecom.
The PoP is also expected to help PacNet further expand its network into Cambodia and Laos.
Vietnam represents virgin territory that we need to go into, with broadband penetration being the lowest in Asia, said Bill Barney, chief executive officer, PacNet. We see Vietnam as being in a springboard position right now, due to a large amount of foreign direct investment that will be flowing in.
A May 2009 report from the United Nations Conference of Trade and Development stated foreign direct investment into Vietnam tripled from US$20.3 billion in 2007 to US$64 billion in 2008.
Research firm Telegeography also forecasts an explosive demand for Vietnam's international bandwidth Vietnam's total international bandwidth usage stood at 22.8 Gbps in 2008. This figure is expected to grow more than 13 times to 302.4 Gbps in 2013.
We recognise the importance of cooperation with international telcos like Pacnet, said Nguyen Dinh Hung, executive vice president, FPT Telecom. These partnerships bring global end-to-end communications services under one roof, enabling our customers in Vietnam to enjoy excellent quality of service with the convenience of a single point of contact.
Barney said PacNet is looking to expand its presence to other cities in Vietnam over the next 12 months. PacNet is also exploring ways of landing its EAC-C2C subsea cable, Asia's highest capacity subsea network, in Vietnam.
PacNet currently has between eight and 12 enterprise customers in Vietnam. According to Barney, the company is targeting potential customers from industries in Vietnam with high bandwidth demand, such as financial institutions and airlines.
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