Vietnam's 5G network is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption.
Vietnam’s second largest telco is ready in terms of technology, technology and network structure for deploying commercial 5G network.
With ratification of the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement, the floodgates are expected to open for a new wave of European investment into the Vietnamese market, especially in services, ICT, finance, transport, and distribution.
Minister of Information and Communications Nguyen Manh Hung has urged the Authority of Radio Frequency Management to auction off space on the 2.6 Ghz spectrum.
Viettel Military Industry and Telecoms Group reported that its launch of Narrow Band – Internet of Things (NB-IoT) as well as 5G technology for digital society development in Ho Chi Minh City (HCMC) has reaped positive results, making almost all smart devices even smarter.
In June, Bitel was named as the most favorite telecom service in Peru.
Vietnam’s telecommunication market is becoming more attractive to foreign investors as it has returned to the growth path in the first half of 2019 after a long period of saturation.
Telecommunications companies are improving their services to meet the demand for livestreaming, watching online television shows and playing online games.
Mobile carrier MobiFone has been licensed to pilot a fifth-generation (5G) mobile service, making it the second telecom carrier in the country to secure permission by the Ministry of Information and Communications to launch the service on a trial basis, after Viettel, the carrier said in a statement issued on April 25.
Several new development trends are emerging in the real estate market, which is expected to remain strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure.
Local residents in Hanoi will experience a fifth-generation (5G) network service once it is launched on a trial basis in the first quarter of the year, according to the municipal Department of Information and Communications at a recent meeting, Lao Dong newspaper reported.
A recent report by the Vietnam Telecommunications Authority (VNTA) revealed that the bandwidth for 4G in Vietnam is lower than in many other countries.
Viettel Global Investment JSC, a subsidiary of Viettel Military Industry and Telecoms Group, reported revenue of VND4,428 billion (US$188.6 million) and profit of VND1,342 billion (US$57.1 million) in the third quarter of 2018, increases of 5 and 8% year-on-year.
Vietnam now has more than 13 million 4G users after over a year of the service's deployment, accounting for about 30% of the total number of mobile phone subscribers, according to the Ministry of Information and Communications (MIC).
Vietnam has a chance to earn more than US$3 billion when using 5G technology, said Denis Brunetti, President of Ericsson Vietnam, Myanmar, Cambodia and Laos.
As internet steadily replaces traditional text messages and calls as well as smart phones are overwhelmingly popular in the market, mobile operators find it a must to come out with low-cost 3G and 4G packages.
Though 4G is still in early development, experts say Vietnam should think of preparing for 5G soon.
The Viettel Military Industry and Telecoms Group’s Viettel Media aims to earn revenue of US$50 million from its online film store Keeng Movies by 2020, a representative from the firm said at the official launch of the website in Ho Chi Minh City on June 6.
Myanmar National Tele & Communications Co., Ltd. (Mytel), a joint venture between Viettel and its partners in Myanmar, will officially start supplying telecommunications services in the first quarter of this year with the expected strategy of focusing on rural and remote areas, Viettel’s proven formula at overseas markets.
Vietnam’s 4G connections are much faster than the United States and most of its Southeast Asian neighbors, although signal is not always available, according to a new report.