PacNet spins Web into Vietnam

Telecommunications service provider PacNet is further expanding its presence in the ASEAN region, with the launch its first point-of-presence (PoP) in Vietnam. Located in Vietnam’s capital Ho Chi Minh City, the PoP was established in partnership with Vietnamese telecommunications provider FPT Telecom.

The PoP is also expected to help PacNet further expand its network into Cambodia and Laos.

“Vietnam represents virgin territory that we need to go into, with broadband penetration being the lowest in Asia,” said Bill Barney, chief executive officer, PacNet. “We see Vietnam as being in a springboard position right now, due to a large amount of foreign direct investment that will be flowing in.”