TIA praises Vietnam-US deal on WTO

18 May 2006

The trade agreement reached last week between Vietnam and the US marks a significant step forward in Vietnam’s efforts to join the World Trade Organisation (WTO), according to the US-based Telecommunications Industry Association (TIA). In a press release, the TIA said: ‘Vietnam’s commitment to market reform and international economic liberalisation by signing this agreement will encourage further interest and investment in Vietnam’. The Vietnamese telecommunications market is valued at roughly USD1.5 billion, and there are around 5.3 million internet users, or 6.5% of the population. ‘These are clear indicators that the opportunities for growth in Vietnam are tremendous,’ the release stressed.