Vietnam 5G subscriptions forecasted to reach 6.3 million by 2025
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|Vietnam telecom giant Viettel broadcast its first 5G network in September. (Photo: Tinh Te)|
The total number of 5G subscriptions in Southeast Asia is expected to reach 227 million by then, the U.S firm said at an event in Hanoi. According to the report, Indonesia will take the lead in 5G subscriptions by 2025 with over 100 million subscribers, followed by Thailand, the Philippines, Malaysia, Myanmar, Vietnam, Singapore, Cambodia, Laos, and Brunei.
The report noted that the market penetration in Viet Nam in the early stage of 5G implementation will be lower than that in Indonesia and Thailand, but growth is projected to accelerate in the later stage. The early rollout of 5G services could help Vietnamese mobile carriers increase revenues by US$300 million a year, starting from 2025. However, they need to invest about US$1.5-2.5 billion in technology during the 2020-2025 period, said VGP.
Cisco Vietnam said market penetration in Vietnam in the early stage of 5G implementation will be lower than Indonesia and Thailand but growth is projected to accelerate in the later stage. It said Southeast Asian countries need to address the slow release of frequency spectrums for 5G services while carriers need to introduce appropriate 5G services and prices to encourage to users switch to higher speeds. For corporate customers, mobile operators are advised to create new features, combine enhanced speeds with solutions and applications so that they can understand and expand added-value services, according to Nhan Dan.
|By 2025, Vietnam will be placed sixth in Southeast Asia for the number of 5G subscriptions. (Photo: A.T. Kearney)|
Luong Thi Le Thuy, General Director of Cisco Vietnam, said: "Vietnam so far has been attractive for low-cost labor, especially in key sectors like manufacturing and processing. But this will no longer a strong point in the age of Industry 4.0 and Vietnamese firms should be aware of this and make good use of new technologies, including applying the 5G service."
In Vietnam, telecom giant Viettel broadcast its first 5G network in September from its network of 5G base stations in the nation's economic hub Ho Chi Minh City. Military-run Viettel installed the first 5G station in Hanoi early this year and made the first 5G phone call in May. It was the first firm in the country to receive permission to trial 5G services in January, followed by MobiFone. The 10 stations will be used by Viettel, the nation’s largest telecom firm, to comprehensively check and assess its 5G service before launching it commercially next year, according to VN Express.
5G is said to offer speeds 100 times faster than 4G, primarily used for smartphones and other similar devices. 5G is also expected to support new applications like remote medical procedures and autonomous driving. The 5G technology will act as the foundation for large-scale Internet of Things applications for e-government building.
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