French Canal Plus TV announces beam into Vietnam

The France-based Canal Plus television group said Friday that it was entering the Vietnamese market via satellite television and a joint venture with state-owned VTV.

Investment of several million dollars would be put into the venture, linking VCTV and Canal Overseas, both subsidiaries of their parent companies.

The two companies said in a joint statement that 97 percent of Vietnamese homes were equipped with televisions sets but that many homes in town and in the countryside did not have access to multichannel television services offering Vietnamese and international programs.

The joint venture is to be headed by VCTV Director, Nguyen Quoc Viet, and by the Managing Director of Canal Overseas, Arnaud de Villeneuve, and it will be based in Hanoi.

thanhnien, afp

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