What Cablenet does

Cablenet, legally Công ty Cổ phần Công Nghệ Việt Thành (VITA CORP), is a Vietnamese cable telecommunications operator founded in December 2002 and headquartered in Ho Chi Minh City. The company delivers three core services over a shared coaxial cable infrastructure: analog cable television (Truyền hình Analog), high-definition digital television branded HTVC HD (Truyền hình Digital) offering 119 SD and 40 HD channels including premium content from HBO and Star Movies, and high-speed cable internet (Internet Truyền hình Cáp). A 2017 telecommunications network license from Vietnam's Ministry of Information and Communications formalized its authority to operate public telecom infrastructure. Cablenet also markets proprietary hardware including a wireless HD set-top box that requires no satellite dish and, as of March 2026, a mesh-based Smart Wi-Fi+ in-home networking solution positioned as the centerpiece of a unified Home Internet/TV/Mobile digital ecosystem.

The company operates entirely on a direct-to-consumer B2C model, selling subscriptions and equipment through six retail branch offices spanning HCMC districts 1, 7, 8, and Binh Chanh, plus Dong Nai province, supported by a customer hotline and company website. Revenue is generated primarily through recurring monthly subscription fees (basic TV from 99,000 VND/month, multi-TV add-ons at 11,000 VND/month per additional set, internet by speed tier), supplemented by hardware sales (HD receivers at promotional 600,000 VND bundles including 12 months free service) and installation fees. The service area is concentrated in Ho Chi Minh City and Dong Nai province, serving over 250,000 households with nearly 400 employees, supported by content partnerships with HTV, VTVcab, DNRTV, and PAMA.

Cablenet has undergone several corporate transitions: conversion from limited liability to joint-stock company, public registration from 2013 to 2021, charter capital increases via equity issuance (notably 2016), and deregulation as a public company in May 2021. It has consistently paid dividends from 2016 through 2024, indicating cash-generative operations. Charter capital stands at 105 billion VND (~$4.2M USD historical), and the company holds no subsidiaries and reports no formal external funding rounds despite a minor 2014 reference to investor Asian Capital Alliance.

Name

Cablenet

Legal name

Công ty Cổ phần Công Nghệ Việt Thành

Website

https://cablenet.vn

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Cablenet is a Vietnamese cable telecommunications provider serving 250,000+ households across Ho Chi Minh City and Dong Nai with analog/digital cable TV, HD television, and cable internet services delivered through a direct-to-consumer branch network.

Ownership category

akta.pro rank

Product category

Cable Television Services

NAICS

Wired Telecommunications Carriers (517111)

SIC

Cable & Other Pay Television Services (4841)

akta.pro primary industry

Hybrid Fiber-Coaxial (HFC) Cable Operators (HDAIACAA)

akta.pro secondary industries

Basic Cable Networks (MPABAFAC), Cable Internet ISPs (HFC Retail Providers) (HDAIADAF)

Keywords

• Cable television services
• Digital television subscription
• Cable internet service
• Pay TV provider
• Broadband internet access

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Subscription Fees: Monthly subscription fees for cable TV services. Base subscription starts at 99,000 VND per month for standard service.
2. HD Equipment Sales: Sale of HD set-top-box receivers for digital TV service. Promotional pricing at 600,000 VND including 12 months free subscription.
3. Internet Service: High-speed internet service over cable television infrastructure. Additional monthly fees for internet connectivity.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cablenet (Công ty Cổ phần Công Nghệ Việt Thành / VITA CORP) delivers cable television, high-definition digital television, and high-speed cable internet services to residential households in Ho Chi Minh City and Dong Nai province. The company transmits content over a coaxial cable infrastructure using DVB T2 digital broadcasting technology, offering 80+ channels (including 119 SD and 40 HD channels such as HBO and Star Movies) bundled with broadband internet over the same network.

Product overview

Cablenet (Công ty Cổ phần Công Nghệ Việt Thành - VITA CORP) operates as a telecommunications and cable television provider in Vietnam. The company's product portfolio consists of three core services: Truyền hình Analog (analog cable TV), Truyền hình Digital/HTVC HD (digital high-definition television with 119 SD and 40 HD channels), and Internet Truyền hình Cáp (cable internet). These services share infrastructure through coaxial cable deployment. Smart Wi-Fi+ represents a recent addition as a mesh-based home networking solution that integrates with the core connectivity services into a unified digital ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• HTVC HD: High-definition digital television service
• Smart Wi-Fi+

Products and services

• Truyền hình Analog (Analog Cable TV) Traditional analog cable television service providing basic TV channels to residential subscribers over coaxial cable infrastructure.
• Truyền hình Digital (HTVC HD - Digital HD Television) High-definition digital television service offering enhanced picture quality with 119 SD channels and 40 HD channels, including premium international content such as HBO and Star Movies, delivered to residential households.
• Internet Truyền hình Cáp (Cable Internet Service) High-speed broadband internet service delivered over the same coaxial cable infrastructure as the television service, available as a subscription add-on for residential households in HCMC and Dong Nai.
• Smart Wi-Fi+ Intelligent in-home networking solution using mesh Wi-Fi technology to eliminate dead zones and provide seamless wireless coverage throughout residential premises, integrating Cablenet's Home Internet, TV, and Mobile services.

Quantifiable outcome

• 250,000+ household subscribers served
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor and core.

• VTVcabminorOthersContent broadcast partner providing access to VTVcab channel content on Cablenet's cable network.
• HTV (Ho Chi Minh City Television)coreOthersStrategic partner with Ho Chi Minh City Television providing access to local broadcast content and co-development of cable services.
• DNRTVminorOthersContent broadcast partner providing access to DNRTV regional programming.
• PAMAminorOthersContent provider partnership for PAMA television content.

Scale indicators5 records

Recent moves12 records

Expansion highlights4 records

Direct peers

• VTVcab: VTVcab is a national pay-TV operator owned by VTV that distributes premium and basic cable channels in Vietnam; it is both a content partner and a competing delivery platform for Cablenet's subscribers.
• AVG (Truyền hình An Viên): AVG is a DTH satellite pay-TV operator in Vietnam with multi-channel packages including HD, competing with Cablenet's HD digital cable service for premium-TV households.
• MyTV (VTVcab): MyTV is Vietnam Television's pay-TV service, competing head-to-head with Cablenet for Vietnamese households via cable/IPTV distribution and overlapping channel content partnerships across HCMC and Dong Nai.
• SCTV (Saigon Cable Television): Saigon Cable Television is the most direct peer — a legacy cable TV and broadband provider serving HCMC and surrounding areas with overlapping HFC infrastructure and pay-TV/internet bundles, even appearing as a linked partner on Cablenet's own website.

Others

• VTV (Vietnam Television): VTV is the national public broadcaster whose digital channels (MyTV, VTVcab) are redistributed across Vietnamese cable networks; it is a critical content supplier for operators like Cablenet and a structural gatekeeper of premium content.

Broad incumbents

• Viettel Telecom: Viettel is the largest telecom operator in Vietnam and provides fixed broadband plus its own IPTV/TV platforms, putting significant competitive pressure on regional cable operators like Cablenet.
• FPT Telecom: FPT Telecom is one of Vietnam's largest broadband ISPs, offering bundled internet, pay-TV (FPT Play) and IPTV services nationwide, competing with Cablenet's cable internet and pay-TV bundles in HCMC.
• MobiFone: MobiFone is a major Vietnamese mobile operator that has expanded into fixed broadband and content services via MobiFone TV, competing for the same household connectivity wallet share as Cablenet.

Regional players

• Hanoi Cable Television (HCATV): Hanoi Cable Television is the analogue peer in northern Vietnam, operating an HFC-based cable and broadband network in Hanoi with a similar product mix (analog TV, digital TV and internet over cable).

Emerging players

• GigaNet (MyTV alternative platform): GigaNet is an emerging Vietnamese broadband provider that has been positioned as a content/distribution partner of Cablenet, reflecting the broader retail ISP segment Cablenet competes with for home internet subscriptions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cablenet