If the information technology is seen as the infrastructure of the new development, the 5G broadband Internet is the backbone of that infrastructure, helping Vietnam to go faster in the Industrial Revolution 4.0, according to experts and industry insiders.Mobile networks in Vietnam started to commercialize 4G in 2017. With many different ways of coverage, up to now, 4G networks have basically covered 95% of Vietnam's population.
Denis Brunetti, President of Ericsson Vietnam, Myanmar, Cambodia and Laos
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Deputy Minister of Information and Communications Pham Hong Hai said major network operators in the country have invested boldly in developing 4G and pave the way for 5G in the near future.
Denis Brunetti, president of Ericsson Vietnam, Myanmar, Cambodia and Laos, and co-chairman of the European Chamber of Commerce in Vietnam (EuroCham), said that 4G is the platform for 5G. Therefore, operators need to ensure that their 4G networks are in good shape and ready for next-generation mobile networks.
Ericsson’s 5G Business Potential report forecasts that Vietnam’s telecoms operators may rake in US$3.17 billion in revenue via 5G technology. Manufacturing, energy and utilities hold the largest potential for 5G technology operators.
Brunetti noted that the number of cellular Internet of Things (IoT) connections is expected to reach 3.5 billion in 2023 and the fourth industrial revolution has promoted industry digitalization in Vietnam. However, he stressed that the country needs to speed up the process.
Security for IoT connections using 4G and 5G technology nationwide will be a significant foundation for smart urban development. Countries that pioneer 5G technology will enhance their competitive edge globally, he added.
According to Ericsson, 5G technology will be ready for deployment in Vietnam in one or two years. 5G is the next step in the evolution of mobile communications and will be a key component of a networked society.
Previous generations of mobile networks addressed consumers predominantly, while 5G will serve consumers and multiple industries. In healthcare use, 5G will enable precision medicine, remote robotic surgery and ambulance drones.
5G offers massively improved data throughput, low-power networks to support the IoT and much lower delays between sending and receiving signals to enable clever remote-control scenarios.
5G also provides wireless connectivity for a wide range of new applications and use cases, including wearable, smart homes, traffic safety/control, critical infrastructure and industrial processes.
With the benefits, it is clear that Vietnam needs to take appropriate steps, have a strategic investment plan to seize opportunities and take advantage of technology, to promote production and innovation. At the mean time, it is necessary to improve the competitiveness of enterprises, create a breakthrough for the entire ecology of the developed economy.
