VNPT
Group
has
signed
a
contract
with
the
Vietnam
Development
Bank
for
VINASAT-2.
Accordingly,
VNPT
will
borrow
investment
credit
for
development
of
the
State
Reporter
VINASAT
Project-2,
the
amount
of
VDN1092
billion,
equivalent
to
20%
of
the
total
investment
of
the
project.
The
Prime
Minister
has
approved
the
investment
policy
and
allocation
for
VNPT
Group
invested
projects.
VINASAT-2
will
be
launched
into
geostationary
orbit
at
131.8
° E
and
will
be
operational
at
quarter
II/2012.
Along
with
VINASAT-1,
Vinasat-2
will
form
a
satellite
system
capable
of
reserve
capacity
and
minimize
the
risk
between
the
satellites,
contribute
to
enhancing
security
and
stability
and
in
the
process
provide
services
to
clients.
Vinasat-2
will
promote
the
development
of
satellite
telecommunications
to
meet
the
growing
needs
of
customers
in
service
development
strategies
and
long-term
business.
