Vietnam’s Ministry of Information and Communication said that Vietnam expects to launch the second satellite in 2012, the local newspaper Vietnam Investment Review reported Monday.
The state-owned Vietnam Post and Telecommunication (VNPT) is the investor of the project of the second satellite, named Vinasat-2, with a total investment of about 350 million U.S. dollars.
VNPT is considering whether it will launch the satellite by itself or hire other company to do it, said the newspaper.
The second satellite project is to develop satellite facility of Vietnam to meet the growing demand of satellite-based information.
The first satellite of Vietnam, named Vinasat-1, was launched last year, with a total investment of 300 million U.S. dollars.
The Vinasat-1 is currently working at 70 percent of its capacity. It is expected to work at 100 percent of capacity in 2010 and regain investment within nine years.