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PM green lights potential VOV - VTC merger

Released at: 16:34, 03/02/2015

PM green lights potential VOV - VTC merger

VOV and VTC free to discuss the possibility of coming together as one.

by Minh Tuyet

The General Director of Voice of Vietnam (VOV), Mr. Nguyen Dang Tien, has confirmed that the Prime Minister has no objection to the merging of Vietnam Television Corporation (VTC) and VOV.

Any such merger would not be an attempt to compete with Vietnam Television (VTV), he explained, adding that it would provide more programming to viewers.

The PM has only agreed to the move recently, he told the Telecommunication and Development conference in Quang Ninh province on January 31.

"VOV has reported the move to the Ministry of Information and Communication (MIC) and the PM," he said.

If the merger were to proceed VTC would be the television channel of the National Assembly, connecting it with the country's citizens, he added.

"We intend to merge the two at some point," he said, and hopes that VOV's television operations will see remarkable progress as a result. In 2014 VTC's revenue was over $149.5 million, 70 per cent of which came from digital services.

Deputy Minister of Information and Communications Truong Minh Tuan said that there are no specific plans regarding assets and debts and any such action over these would take several years.

Talk of the merger was first heard at a briefing conference on State management held in November last year, when the General Director of VTC, Mr. Nguyen Thanh Lam, asked Deputy Minister Tuan about the matter, who replied that VOV had sent documents seeking the PM's approval for VTC to become a unit of VOV.

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