CPCNet Hong Kong Limited has started working with Vietnam Datacommunication Company to establish a virtual private network in Vietnam, with the first POP ready for operations in Ho Chi Minh city this July.

"This partnership fulfills our mission to be a preferred partner by multinational corporations and certainly helps extend our reach to a new group of quality customers in the region. Vietnam has been experiencing rapid economic growth and through extending our reach to this significant emerging market, CPCNet and VDC can join hands to provide a seamless MPLS VPN network and deliver converged IP services to enterprises with end-to-end Quality of Service across Vietnam and the Greater China," said Joel Ma, executive vice president of CPCNet, a wholly owned subsidiary of CITIC 1616 Holdings Limited.

Vietnam Datacommunication Company, a member of the Vietnam Post and Telecommunications Group, is one of the leading telecommunication service providers in Vietnam. This collaboration further extends CPCNet's network reach to Vietnam and provide CPCNet's customers with MPLS services covering the whole Vietnam via VDC's well-established domestic network, and on the other hand enables VDC's customers to reap the benefits of IP-VPN services backed by CPCNet's knowledge of the Greater China market and fully meshed MPLS network.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam has attracted over USD64 billion worth of foreign direct investment in 2008, up 199.9% against the same period last year. Investors from 50 countries and territories have invested in Vietnam, such as Malaysia, Taiwan, Japan and Korea.