Log in
Business

Vietnam drives 5G commercialization to spur economic growth: PM

The move fuels a comprehensive digital transformation across all sectors, creating new momentum for economic growth.

The Hanoi Times -- Prime Minister Pham Minh Chinh has directed the Ministry of Science and Technology to accelerate the commercialization of 5G and intensify research into 6G technology, highlighting the need to develop telecommunications satellites, upgrade the national telecommunications backbone infrastructure, and enhance investment in high-speed fixed broadband networks.

The prime minister said it stands to reason that economic growth must be built on science and technology, innovation, digital transformation, and a skilled workforce to increase productivity. One of the major tasks is to foster new growth drivers and make breakthroughs in the development of science and technology.

A Viettel employee installing a 5G station. Photo: Viettel Group

Chinh requires a comprehensive and extensive national digital transformation in all sectors and fields, aiming to drive economic growth through science, technology, data, and innovation. He calls for deeper integration of the digital economy while ensuring robust cybersecurity and network safety.

Vietnam’s Digital Infrastructure Strategy to 2025, with a vision toward 2030, defines digital infrastructure as the backbone of the economy, including telecommunications infrastructure and the Internet. The strategy aims for nationwide 5G coverage by 2025, ensuring access in all provinces, cities, technology parks, R&D centers, innovation hubs, industrial zones, airports, and seaports.

Supporting rapid 5G rollout

Vinaphone employees at a 5G tower. Photo: Vinaphone

5G deployment in Vietnam is gaining momentum and is on track to reach 90 million 5G subscriptions and cover more than 99% of the population by 2030, according to the "Accelerating 5G in Vietnam" report published by the Global System for Mobile Communications (GSMA).

To achieve this goal, domestic telecom operators are aggressively expanding 5G network coverage this year, a crucial step to enhance connectivity and support the development of the digital economy.

Meanwhile, the country successfully auctioned the 2.6 GHz and 3.5 GHz frequency bands for 5G in 2024, paving the way for nationwide commercial deployment of 5G.

To expand 5G coverage, telecom operators plan to use low-band frequencies, such as the 700 MHz band, which will be auctioned for mobile use and is expected to be completed by 2025, according to the Ministry of Science and Technology. Operators are also urged to increase the number of base stations.

Vietnam has introduced financial support policies for enterprises deploying 5G, as outlined in the National Assembly Resolution No. 193 issued in February 2025. Under the resolution, telecom companies that install at least 20,000 5G stations certified for operation between the effective date of the resolution and December 31 will receive a 15% subsidy on the equipment cost of each 5G station.

Viettel, the first carrier to launch a 5G network, was set to provide services in all 63 provinces, followed by VNPT in December 2024. By the end of January 2025, Viettel reported nearly 5.5 million users on its new-generation network. It aims to reach 10 million users this year. Meanwhile, VNPT also announced that three million subscribers are using its 5G services. MobiFone, the third 5G operator, has also secured 5G frequencies and plans to launch the service later this year.

Reactions:
Share:
Trending
Most Viewed
Related news
Digital platforms team up to boost Vietnamese goods online

Digital platforms team up to boost Vietnamese goods online

Vietnam’s leading e-commerce platforms have joined forces to launch large-scale digital promotions aimed at widening market access and accelerating online consumption of Vietnamese-made goods.

VNPT enters global AI race with new dedicated unit

VNPT enters global AI race with new dedicated unit

Vietnam’s leading telecom group VNPT has launched a dedicated AI company to commercialize Vietnamese-made artificial intelligence products and expand into major international markets.

Vietnam launches AI, semiconductor training centers

Vietnam launches AI, semiconductor training centers

New AI and semiconductor training centers are now open in Vietnam, aiming to boost hi-tech talent, research strength and integration into the global supply chain.

Vietnam explores low-altitude economy as drones reshape agriculture and urban services

Vietnam explores low-altitude economy as drones reshape agriculture and urban services

From farmlands and delivery routes to traffic monitoring and emergency response, unmanned aerial vehicles (UAVs) are rapidly entering Vietnam’s economic life, opening new growth space as cities and provinces accelerate plans for the low-altitude economy.

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

The festival aims to promote and honor outstanding OCOP products and producers and to reaffirm Hanoi’s leading role as the country’s “pacesetter” in the One Commune One Product (OCOP) program.

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Despite global economic and geopolitical headwinds, foreign capital flows into Vietnam accelerated in 2025, with investment increasingly concentrated in high value-added sectors, highlighting the country’s growing appeal as a stable, long-term destination for investors.

VN-Index set for 2,200-mark next year: JP Morgan

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

Vietnam to launch smart agriculture innovation center in Lang Son

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.