Vietnam Launches Starlink Trial, Boosts U.S. Ties
Vietnam Launches Starlink Trial, Boosts U.S. Ties

Vietnam Launches Starlink Trial, Boosts U.S. Ties

News summary

Vietnam has approved a five-year trial for Elon Musk's SpaceX to provide Starlink satellite internet services, allowing up to 600,000 subscribers. This regulatory shift marks a potential $1.5 billion investment by SpaceX as Vietnam removes restrictions on foreign ownership in the telecom sector. The approval aims to enhance internet connectivity in remote areas and on airplanes, seen as part of Vietnam's strategy to strengthen economic ties with the U.S. and mitigate potential U.S. tariffs. Recent legislative changes permit foreign operators in the low-orbit satellite market, reflecting broader economic liberalization while ensuring national security. Prime Minister Pham Minh Chinh's support underscores the strategic importance of deepening U.S.-Vietnam relations. Additionally, Vietnam is adjusting tariffs on U.S. imports, including LNG and automobiles, to balance its trade relationship with Washington.

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4
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1
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0
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Last Updated
5 days ago
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