Vietnam’s top four network providers, namely VNPT, Vinaphone, Viettel, and MobiFone, are listed among top 150 most valuable and strongest telecom brands worldwide in 2020, according to an annual report recently released by UK-based Brand Finance.
The fastest growing brand is Vietnam Posts and Telecommunications Group (VNPT), recording an impressive 42 percent growth to 2.4 billion USD.
VNPT has invested in 4G networks in order to meet customer demand and has ramped up efforts to increase its fibre optic cable speed, while still maintaining tariffs.
The Vietnamese government’s plans for the Fourth Industrial Revolution, smart cities, start-ups, and the National Innovation Network Program, 4G and 5G, IoT, and mobile telecommunication networks are supporting the telecoms sector to grow from strength to strength, the report said./.
The Vietnam Telecommunications Authority (VNTA) under the Ministry of Information and Communications asked network operators to ensure the quality of telecommunications services.
Amid the ongoing Fourth Industrial Revolution, Vietnam is taking advantage of the ASEAN Smart Cities Network in order to formulate several policies on building smart cities and attracting deeper investment.