financetom
Business
financetom
/
Business
/
SpaceX expected to launch Starlink services in Vietnam from fourth quarter
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
SpaceX expected to launch Starlink services in Vietnam from fourth quarter
Jul 14, 2025 8:54 PM

HANOI (Reuters) -SpaceX is expected to launch Starlink satellite internet services in Vietnam from the fourth quarter of this year, state media cited a government official as saying on Tuesday.

"The Ministry of Science and Technology aims to license the pilot services using low-orbit satellites immediately after the investor completes investment procedures and establishes a legal entity in Vietnam, with the goal of deploying the services in the fourth quarter of 2025," deputy minister Pham Duc Long said, according to the Tuoi Tre newspaper.

SpaceX is currently working with the Ministry of Finance to complete the procedures required to set up a wholly-owned unit in Vietnam, the report said.

Two sources told Reuters in April that SpaceX was readying a ground station in the Southeast Asian country for Starlink satellites and planned many more.

Vietnam's government said in March it would allow SpaceX to launch its services in the country on a trial basis, with no foreign ownership limit. It said the trial period would last until the end of 2030.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Switzerland fines Morgan Stanley $1 million over 2010 money laundering case
Switzerland fines Morgan Stanley $1 million over 2010 money laundering case
Feb 27, 2025
ZURICH (Reuters) - The Swiss attorney general's office said on Thursday it had imposed a $1 million fine on Morgan Stanley's ( MS ) Swiss operations for failing to do enough to prevent one of its client advisors committing qualified money laundering in 2010. In a statement, the office said the lender's previous entity, Bank Morgan Stanley (Switzerland) AG, was...
Miuccia Prada says 'everybody' interested in buying Versace
Miuccia Prada says 'everybody' interested in buying Versace
Feb 27, 2025
MILAN (Reuters) - Numerous fashion companies are potentially interested in buying Versace, Miuccia Prada, owner of the Italian luxury group Prada, said on Thursday. Capri Holdings ( CPRI ) is working with Barclays to explore a sale of its Versace brand, sources told Reuters in January. It is on everybody's table, Miuccia told journalists seeking comment about Prada's own potential...
Verizon Communications Insider Sold Shares Worth $437,939, According to a Recent SEC Filing
Verizon Communications Insider Sold Shares Worth $437,939, According to a Recent SEC Filing
Feb 27, 2025
11:51 AM EST, 02/27/2025 (MT Newswires) -- Vandana Venkatesh, Executive Vice President, Public Policy and Chief Legal Officer, on February 25, 2025, sold 10,000 shares in Verizon Communications ( VZ ) for $437,939. Following the Form 4 filing with the SEC, Venkatesh has control over a total of 20,587 common shares of the company, with 14,459 shares held directly and...
Arthur J. Gallagher Acquires Case Group
Arthur J. Gallagher Acquires Case Group
Feb 27, 2025
11:47 AM EST, 02/27/2025 (MT Newswires) -- Arthur J. Gallagher ( AJG ) said Thursday it acquired Case Group. Financial terms of the transaction were not disclosed. Case Group is located in Brazil and provides employee and health benefits brokerage and consulting services. Shares of Arthur J. Gallagher ( AJG ) were up 1.5% in recent trading. Price: 333.14, Change:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved