The traditional telecom market is getting saturated and facing upheavals, including a drop in revenue from traditional calls and SMS, a tighter management policy and changes in technology.

With Vietnam making new moves to accelerate digitally, the local tech market has become more appealing to international players over the past two years, with expansion intensifying in specific areas.

On October 11, the ASEAN Conference on 5G took place after the opening plenary session of the Vietnam International Digital Week 2022 (VIDW2022).

5G subscriptions in Southeast Asia and Oceania were around 15 million at the end of 2021 and are expected to more than double during 2022, according to the latest edition of the Ericsson Mobility Report.

Cloud computing is strongly driving new business models in the media and entertainment industry, with more domestic and international cloud service providers boosting their footprint.

The 5G services are projected to contribute 7.34 percent to Vietnam’s GDP growth in 2025, according to a research by the National Institute of Information and Communications Strategy.

Even though it launched rather late, MediaTek knows how to enter niche markets neglected by giants like Samsung, Apple or Qualcomm.

The Ministry of Information and Communications has set a challenging goal of increasing the number of digital technology businesses from 64,000 to 70,000 this year.

The Ministry of Information and Communications (MIC) has identified 5G service provision in 2022 via ‘Make-in-Vietnam’ devices as one core mission in its meeting to summarize tasks done this year and directions for 2022.

As the telecommunication market is getting saturated, new content services such as livestream and e-sports are expected to help telecom carriers maintain growth.

The Ministry of Information and Communication has proposed that Vietnam stop the use of 2G and 3G technologies from 2022 in an aim to encourage people to use smartphones and promote a digital society.

The contribution of 5G to Vietnamese GDP growth is forecast to reach 7.34 per cent by 2025, shown by research of the National Institute of Information and Communications Strategy at an online forum on digital transformation on Tuesday.

On December 13, Viettel’s 5G mobile network opened in Da Nang, providing free 5G service with unlimited capacity.

Many ASEAN countries are planning for 5G network frequencies. Each country has its own choice, so policymakers are looking for solutions to harmonize the spectrum in the region.

Vietnam is expected to quickly develop the 5G network through an infrastructure sharing model.

With Vietnam’s long-awaited new rules to increase bandwidth, fresh business models are launching for local mobile operators and international tech players to venture further in the 5G era.

Access to low-cost technology was the topic of a discussion session of the ITU Ministerial Roundtable that took place on October 12-14.

In Vietnam, all three major carriers, Viettel, VNPT, and MobiFone are testing 5G and waiting for this frequency auction to officially provide services.

A decree on frequency auctioning is expected to be signed in the fourth quarter that will enable the Ministry of Information and Communications (MIC) to grant 4G/5G frequencies to telecom carriers.

The 5G data transmission speed in a test conducted recently in Vietnam reached 4.7Gb/s, 40 times higher than 4G speed and two times higher than existing 5G speed.