Despite successful 5G pilots of major mobile network providers in Vietnam, this innovative technology has not been exploited to the fullest in the country yet. 

Vietnam’s digital transformation is entering a new development period which is expected to lure increasing involvement among local and multinational corporations. 

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.

Vietnam’s second largest telco is ready in terms of technology, technology and network structure for deploying commercial 5G network.

Telecommunications providers like VNPT, Viettel and MobiFone will join in the payment market.

Nearly 100 Vietnamese companies will need to hit the road for share auctions by the end of 2020 to meet the government’s target of privatizing state firms.

To Manh Cuong, 52, has been appointed general director of MobiFone Telecommunications Corporation, filling a position that has remained vacant for more than one year.

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

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

The fast growth of Vietnam’s economy has seen an increase of the urban population, posing significant challenges to the country’s major cities, particularly in terms of transport and urban planning management.

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

MobiFone, Viettel, Vinaphone, and other telecom companies are eyeing the chance to win the MIC’s license to roll out 4G services on the 2.6GHz bandwidth.

The first mobile virtual network operator (MVNO) has been providing service for three months, and more MVNOs are expected to be launched. However, experts believe that it will be difficult to succeed in current conditions.

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.

Vietnam’s telecommunication market is becoming more attractive to foreign investors as it has returned to the growth path in the first half of 2019 after a long period of saturation.

The People’s Committee of Ho Chi Minh City announced on June 25 that it will use an e-Cabinet paperless meeting system and a smart reminder application to save administrative time and costs.

MobiFone, VNPT, and the other 17 companies have been exposed to the gunfire of the Commission for Management of State Capital at Enterprises’ (CMSC) financial supervision.

New entrants will face certain obstacles given the changes in Vietnam's telecoms market, though interest from foreign investors remains.

Three major mobile carriers in Vietnam have recently announced information of cooperation plans with foreign partners in the roadmap of 5G implementation but no one has mentioned Huawei.

The telecom network is expecting to receive more mobile network operators, but analysts say the existing networks are ‘more than enough’ for Vietnam.