The Hanoitimes - Most people know Vietnam for the bloody war, but the new generation will know it as the country opting for the Fourth Industrial Revolution assisted by 5G telecom services.
Yahoo has just named Vietnam the number one country on its five best countries which are surfacing as new tech centers in Asia.
Most people know Vietnam for the war, but the new generation will know it as the country opting for the Fourth Industrial Revolution assisted by 5G telecom services.Recent sources suggest that the network services will be available nationwide by 2020 as a step to upgrade Vietnam’s telecom network and also to increase the country’s global telecom readiness ranking.
Vietnam among Asia’s best countries that are surfacing as new tech centers.
Vietnam has lagged decades behind in deploying 3G and 4G networks as compared to the global standards, but the collaboration between Vietnamobile, Viettel, Vietnam Posts and Telecommunications Group (VNPT), and MobiFone is gaining increasing attention as the time to test 5G services comes near.
These companies are to receive the license for testing 5G in early 2019 prior to full-fledged implementation. The telecom market in Vietnam is expanding, the local companies are thriving in the market and the doors to international investors are opening.
However, to make the 5G implementation more effective, several partnerships have been formed with multinational investors, such as Nokia and Samsung, to surpass the global telecommunication pace.
Practices as such are the future determinants of telecom being run by Vietnam. Besides the tech giants, there are several other startups that have received instant attention from high-profile investors.
EKID Studio Group is a software development company which develops smart educational devices using augmented and virtual reality. This startup received funding from Vietnam Silicon Valley Project and Business Accelerator Educational Program.
Since ride-hailing services are common all around, btaskee is a Vietnamese startup that is known as the ‘Uber for the cleaning industry’. This company helps customers connect with the cleaning services of their choice in the shortest time span. Moreover, the company was listed as one of the top 25 Vietnamese startups. Viewing the potential of these startups, there’s no point denying that these are going to flourish in the future.
On the list, Vietnam is followed by Philippines, China, Pakistan, Indonesia.