Taiwan’s Chunghwa Telecom is likely to set up a $30 million internet data JV with Vietnam’s telecom operator Viettel as part of its efforts to expand overseas.

Taiwan’s Chunghwa Telecom is likely to set up a $30 million internet data JV with Vietnam’s telecom operator Viettel as part of its efforts to expand overseas. In the new venture, Viettel will own a 70 per cent stake while Chunghwa Telecom will take the remaining 30 per cent. Chunghwa has already started investing in Vietnam and Thailand, and plans to invest in other Southeast Asian countries as well.