The Ministry of Information and Communication has granted licenses to Viettel, Vinaphone, Mobiphone, and EVN Telecom-Hanoi Telecom to provide third generation (3G) services from August 13.
The licensing terms require to jointly invest at least VND33.82 trillion (US$2 billion) in the first three years to develop the service.
They have already deposited VND8.1 trillion with the ministry.
The ministry has mandated that if they do not provide 3G services within nine months after receiving the licenses, they will be penalized. If the services do not cover at least 10 percent of the country, their license will be revoked.
Vinaphone has said it will introduce 3G services in October, Mobiphone in December, and Viettel next April.
EVN Telecom – Hanoi Telecom Joint venture has promised to do it within the stipulated nine months without specifying when.