according to network equipment provider Cisco.

The number of 5G subscribers nationwide is expected to reach a figure of 6.3 million by 2025, with the deployment of 5G services anticipated to help Vietnamese mobile service providers increase their annual revenue by US$300 million, according to network equipment provider Cisco.

In order to keep up with demand, Vietnam needs to invest between US$1.5 billion and US$2.5 billion in the technology over the course of the next five years.

The country will therefore face a number of obstacles in terms of technology, national security, and governance when striving to achieve its 5G ambitions moving forward.

Furthermore, there will also be an array of challenges in terms of the high cost of equipment and services, limited network coverage, and the adverse impacts caused by the novel coronavirus (COVID-19) pandemic.

According to GSMA Intelligence, the nation considers digital transformation to be the key to accelerating the economy and becoming a prominent country in the Asia-Pacific region in terms of achieving digital advancements.

From previously being a place reliant on traditional agricultural, Vietnam is predicted to enjoy rapid digital transformation thanks to advancements made in digital identity, digital citizenship, and digital lifestyles.

GSMA also pointed out that the Vietnamese Government is pursuing an Industry 4.0 strategy, with a specific focus on upgrading infrastructure, improving human resources, and deploying e-Government service, adding that the e-commerce transformation is expected to boost the number of electronics firms to 43% over the next five years. VOV

5G subscriptions in Vietnam forecasted to reach 6.3 million by 2025

The number of 5G subscriptions in Viet Nam is forecasted to reach 6.3 million by 2025, according to a report on 5G development in Southeast Asia by the network equipment maker Cisco.