30.9 C
Bangkok
Sunday, May 5, 2024

Vietnam to Commercialize 5G: What Should Investors Expect

Vietnam plans to license 5th generation (5G) commercialization in 2022 and expand 5G coverage in urban areas and high-tech industrial zones. This involves increasing the number of digital enterprises from 58,000 to 100,000 by 2025 as part of the National Digital Transformation Plan, aiming to build a digital government and economy, and eventually a digital society.

This widescale deployment will make use of around 70 percent of the existing 4G infrastructure, following several small-scaled commercial trials in 2020-2021.

The digital economy plays a pivotal role in facilitating Vietnam’s socio-economic development strategy, expected to contribute 7 percent of GDP in 2025 and 7.5 percent by 2030. Contributing to this, 5G is projected to create US$13.1 trillion and two million new jobs by 2035.

5G, the latest mobile internet technology, is believed to be the future of mobile…

Read more…

Latest Articles