Starlink Launches in Vietnam at 1.13M VND/month; FPT Telecom First Partner

Overview

Starlink officially launched its satellite internet service in Vietnam on August 12, 2026, with monthly plans starting at 1.13 million VND. FPT Telecom, a subsidiary of FPT Corporation (HOSE: FPT), is the first domestic partner, supporting the ground gateway station at its Fornix HCM02 data center. This marks a significant step for satellite internet in Vietnam and positions FPT as a key infrastructure partner for SpaceX.

Key Facts

• Starlink’s official X account announced availability in Vietnam on August 12, 2026, with the website starlink.com/vietnam going live.
• Residential plans are priced at 1,131,990 VND/month for 100 Mbps and 1,711,100 VND/month for speeds over 400 Mbps, both with unlimited data and no long-term contract.
• Hardware options include the Mini kit at 8,655,300 VND (1.1 kg, 25-40W) and the Standard 4X at 10,269,900 VND (2.9 kg, 75-100W, Wi-Fi 6 router).
• Total upfront cost ranges from approximately 9.8 to 12 million VND, excluding shipping.
• The pilot phase is limited to 600,000 terminals and runs until before January 1, 2031.
• FPT Telecom is the first domestic partner, hosting the ground gateway at its Fornix HCM02 data center.
• Delivery is expected within 1-2 weeks after ordering.

What Happened

Starlink officially launched its satellite internet service in Vietnam on the night of August 12, 2026, via a brief post on its X account. The announcement ended nearly six months of anticipation since Starlink Services Vietnam received its pilot license in mid-February. By the morning of August 13, the coverage map showed all of Vietnam as “Available,” and the Vietnamese-language website began accepting orders.

The service is operated by Starlink Services Vietnam, a 100% foreign-owned entity of SpaceX, headquartered in Hanoi. The pilot phase caps terminals at 600,000 and runs until before January 1, 2031. FPT Telecom is the first local partner, supporting the ground gateway station at its Fornix HCM02 data center, which routes satellite signals into Vietnam’s internet infrastructure and ensures compliance with local cybersecurity regulations.

Market Context

FPT Corporation (HOSE: FPT) closed at 71 VND on August 13, 2026, up 0.14% with volume of 811,600 shares. The stock has been a strong performer in Vietnam’s technology sector, driven by its diversified IT services and telecommunications businesses. The Starlink partnership adds a new growth vector, though the near-term financial impact is likely modest given the pilot’s scale and the competitive pricing of existing fiber and 5G services. In urban areas, Starlink’s speeds are not superior to local networks—Viettel’s 5G averages 616.99 Mbps, and VNPT’s 311.11 Mbps—so the service’s value proposition is mainly in remote and underserved areas.

Strategic Significance

For FPT, the Starlink partnership is strategically significant beyond direct revenue. It positions FPT as a key infrastructure partner for SpaceX in Vietnam, potentially opening doors for future collaborations in data services, cloud, and enterprise solutions. The gateway at Fornix HCM02 also enhances FPT’s data center utilization and reinforces its role in the country’s digital infrastructure. Long-term, FPT could benefit from increased demand for satellite internet in rural areas, where its existing fiber network may not reach, and from potential cross-selling opportunities with its enterprise IT services.

What to Watch

• FPT’s quarterly earnings reports for any revenue contribution from the Starlink partnership.
• Updates on the number of Starlink subscribers in Vietnam, especially in rural and remote areas.
• Regulatory developments regarding the pilot phase, including any extension or expansion beyond the 600,000 terminal cap.
• FPT’s announcements on additional partnerships or infrastructure investments related to satellite internet.
• Competitive responses from local telecom operators, such as Viettel and VNPT, in terms of pricing or coverage expansion.