The "super internet" 5G revolution is taking place all over the world, including Vietnam.

Seeing the growth potential ahead, many tech giants, such as Lenovo, Ericsson, Qualcomm, and Huawei, are targeting the Vietnamese market.

As part of plans to catch up with developed economies, Vietnam is looking to embrace the Fourth Industrial Revolution (FIR), with 5G coverage one of the key steps.

International technology giants are eyeing Vietnam’s consumer market as the country’s rapid digital transformation offers bright prospects on the back of a new legal framework and an ever-growing demand for innovative technologies.

Following the footstep of other leading mobile network providers in Vietnam, MobiFone has been piloting the 5G technology in major cities of the country, contributing to the impressive national IT development.

Experts said Vietnam needs to be cautious when cooperating with Huawei in digital transformation because of problems related to information security.

There are still too many obstacles that telecom operators have to overcome before they can earn high revenue from 5G.

Vinsmart, a subsidiary of Vingroup, a conglomerate owned by the first Vietnamese dollar billionaire Pham Nhat Vuong, has unexpectedly stated it will manufacture 5G equipment and will try the first products by August 2020.

With the global digital wave hitting Vietnam, the country has been actively renovating itself into an attractive destination for new-age investors.

The Ministry of Information and Communication (MIC) will soon announce a roadmap for full termination of the second generation network (2G) technology to release broadband support for 3G, 4G and 5G.

Vietnam considers domestic private enterprises as an important driving force for the economy which is looking to become an integrated and modern one. 

Military-run telecom group Viettel plans to roll out fifth generation (5G) technology in Laos, its third overseas launch of the service after Cambodia and Myanmar.

All of HCM City’s 24 districts will have Internet of Things (IoT) broadcasting stations installed this month, making the city the first place in Viet Nam to be fully covered with an IoT network.

The first 5G BTS (base transceiver station) has been set up by mobile network operators. However, it is unclear when 5G licenses will be granted since the waveband for 4G is not ready.

Vietnam cherishes a ambitious plan to become one of the first countries trying 5G, called the ‘highway of the digital economy’.

The Vietnam Posts and Telecommunications Group (VNPT)’s branch in Ho Chi Minh City has proposed to pilot the fifth generation (5G) technology from September 2019 to May 2020.

Digital transformation is an inevitable trend in developing and developed countries alike. 5G networks are going live in many markets and it promises to deliver significant socio-economic benefits.

A new bandwidth war has broken out among the three biggest fixed internet service providers.

Vietnam, listed among the easy-to-conquer markets for Huawei, has also become tougher amid calls for boycott of Huawei all over the world.

VietNamNet Bridge - Telcos and IT solution providers will have great opportunities to exploit the IoT market when 5G is deployed in Vietnam by 2020.