According to GTel-mobile’s marketing director, Sergei Zakurayev, Vietnam is an attractive market for foreign investors because the Southeast Asian country is developing rapidly.

Mr Zakurayev said that Vietnam’s mobile information market is developing on par with countries of the Commonwealth of Independent States (CIS). At present, Vietnam has six mobile service providers, three of them using the second generation of the Global System for Mobile Communications (GSM), creating fierce competition in the domestic market.

GTel-mobile plans to test its network in 2009 and cover the whole Vietnamese territory over the next three years, Mr Zakurayev said.

He expressed his belief that Vimpelcom will successfully penetrate the Vietnamese market and expects to secure 20 percent of the country’s market share.