A guideline that authorizes Elon Musk’s Starlink to offer satellite internet in the nation is something that JAKARTA Vietnam intends to follow. This retains complete possession of its companies, according to a document rules obtained by Reuters.
After going through lengthy discussions with its parent company SpaceX, a government official claimed that this change made it easier for Starlink to work in Vietnam.
In light of Vietnam’s concerns over the threat of tariffs from US President Donald Trump, SpaceX’s sudden change of attitude can be seen as a” sign of peace.”
The Taiwanese government can demonstrate that they can play a contextual politics game if the Trump administration wants, according to a source.
After the authorities obstructed SpaceX’s attempts to enter Vietnam’s population of roughly 100 million inhabitants by the end of 2023, Musk, who is now Trump’s principal assistant, had to follow the government’s strictest rules regarding foreign ownership of satellite internet service providers.
However, the new draft regulations that will be approved by the parliament’s special session on Wednesday will let internet service providers with low-orbit satellite networks be completely under the control of international parties. This rule may remain in a pilot program until the close of 2030.
This clause is included in a 12-page decision aimed at “eliminating obstacles in medical exercise, technology, and innovation”. The Vietnamese Prime Minister’s acceptance is required for the project to be included in this plan.
This issue has not yet been raised by SpaceX or Vietnam’s Ministry of Information.
SpaceX continues to expand its supply network in Vietnam, and the Vietnamese government says that the company wants to invest USD 1.5 billion ( IDR 24.4 trillion ) in the country.
According to sources with knowledge of the talks, if numerous Asian businesses and individuals sign up for Starlink services, it could help to lessen the country’s enormous trade surplus.
Last year, Vietnam’s trade deficit with the US hit a record high of USD 123.5 billion, the third largest among US trading partners, according to US government information.
Trump gave his staff the ultimatum to set a return rate for all nations that levy US import taxes on April 1. According to Trump’s supporters, nations with significant trade surpluses would be the key targets of the policy.
The US level has the potential to disrupt Vietnam’s export-dependent market, where the US is the main business. After the Trump administration first imposed tariffs on China in 2018, Vietnam has also hosted a large number of Chinese companies.
Vietnam has also offered to buy more agricultural products from the US in order to reduce its surplus, and is already weighing other possible imports.
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