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Telecom firms told to cut import of 3G devices

In Uncategorized on May 3, 2010 at 3:20 am

Telecom firms told to cut import of 3G devices

QĐND – Saturday, May 01, 2010, 21:36 (GMT+7)

The Ministry of Information and Communications has ordered telecom companies to restrict import of 3G devices, including iPhones, to contain the rising trade deficit.

Mobile operators should advise customers to buy appropriate equipment needed to use 3G services rather than expensive equipment, the ministry said.

They should also carefully consider their plans to buy 3G terminal equipment, including iPhone 3G, to avoid mass import of what are expensive items, it said.

Telecom companies like Viettel and Vinaphone have spent around US$10 million to import iPhones, according to Dau Tu (Vietnam Investment Review) newspaper.

But the two have remained silent on the number of these phones they have sold in a month since its official launch in Vietnam.

After the initial excitement, iPhone sales have gone rather quiet since it not affordable for most users.

Vietnam’s trade deficit in April may touch $1.25 billion, bringing the figure for the first four months to $4.65 billion.

Exports during the four months were up 8.9 percent year on year to $20.16 billion while imports surged 35.6 percent to $24.81 billion.

The deficit continues to put pressure on the country’s foreign currency reserves and exchange rate.

Source: vietnamnewsonline

Source: QDND

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