CPCNet Secures Vietnam VPN

HONG KONG -- CPCNet Hong Kong Limited, a renowned communications and security solution partner in the Asia Pacific region and a wholly owned subsidiary of CITIC 1616 Holdings Limited (stock code: 1883), today announces its partnership with Vietnam Datacommunication Company (VDC) to establish a Virtual Private Network (VPN) in Vietnam, with the first POP ready for operations in Ho Chi Minh city this July.

Vietnam Datacommunication Company (VDC), a member of the Vietnam Post and Telecommunications Group (VNPT), is one of the leading telecommunication service providers in Vietnam. This collaboration further extends CPCNet's network reach to Vietnam and provide CPCNet's customers with MPLS services covering the whole Vietnam via VDC's well-established domestic network, and on the other hand enables VDC's customers to reap the benefits of leading edge IP-VPN services backed by CPCNet's extensive knowledge of the Greater China market and fully meshed MPLS network.

According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), Vietnam has attracted over US$64 billion worth of foreign direct investment in 2008, up 199.9% against the same period last year. Investors from 50 countries and territories have invested in Vietnam, such as Malaysia, Taiwan, Japan and Korea.

"This partnership fulfills our mission to be a preferred partner by multinational corporations (MNCs) and certainly helps extend our reach to a new group of quality customers in the region. Vietnam has been experiencing rapid economic growth and through extending our reach to this significant emerging market, CPCNet and VDC can join hands to provide a seamless MPLS VPN network and deliver converged IP services to enterprises with end-to-end Quality of Service (QoS) across Vietnam and the Greater China." said Joel Ma, Executive Vice President of CPCNet.

As a leading data communication services company, VDC will be able to better address the needs of their corporate customers from this cooperation, by leveraging CPCNet's well established Asia-wide infrastructure and its global access via strategic partners.

Mr Hoang Minh Cuong ,Deputy Director of VDC said, "CPCNet is widely recognized as a strong player in Greater China and Asia. Its strategic position is beneficial to us as we see an increasing demand of our customers who are looking for strong connectivity to Greater China. Through this partnership, our customers can now expect the same high-quality performance and service throughout a reliable network which have an extensive coverage across Greater China to Asia Pacific."

CPCNet Hong Kong Ltd.