Brian Jeffrey
The Rise of 5G Technology
Since its introduction in 2019, 5G has rapidly become the leading mobile technology across the globe. According to Ericsson, it’s anticipated that by 2029, 85% of the world’s population will be connected to 5G networks.
Challenges in Revenue Growth
Despite the growth in users, the average revenue generated from individual customers remains limited as telecom providers focus on expanding data packages without increasing prices.
Vietnam’s 5G Launch
In Vietnam, 5G networks were officially launched by Viettel and VinaPhone in 2024. Experts believe this leap in technology can significantly advance sectors such as manufacturing, maritime operations, mining, and smart transportation.
Advantages of 5G
The new 5G network promises speeds theoretically up to ten times faster than 4G and latency of less than one millisecond, presenting substantial benefits to government entities and businesses alike.
Broader Implications for Enterprises
As noted by Doan Quang Hoan, Vice President of the Vietnam Radio and Electronics Association, 5G is not only valued for speed and latency but is also crucial for IoT applications, Private Mobile Networks for enterprises, and B2B services.
Personalized Services through 5G
Nguyen Phong Nha, Deputy Director at the Authority of Telecommunications, highlighted that unlike previous offerings, 5G enables telecom companies to create more customized services, tailored to meet the specific needs of individual clients and various economic sectors.
Market Potential for 5G in B2B
A report from Allied Market Research suggests that the global B2B market for 5G could see revenues soar to $16.8 billion by 2028, growing at a remarkable annual rate of 34%.
Digital Transformation and Connectivity
As businesses embrace digital transformation, the introduction of 5G is expected to pave the way for enhanced connectivity. When integrated with technologies like cloud computing, AI, and big data, 5G can revolutionize products, services, and applications across various sectors.
Viettel’s Early Adoption
Viettel, Vietnam’s first operator to implement 5G, has found that while only a few foreign-invested enterprises are utilizing the service, there is significant demand in industrial zones, airports, and seaports.
Collaborative Solutions from Viettel
The company is working alongside application developers to produce solutions like Private 5G networks to support industrial clusters and business zones. Moreover, they are committed to customizing solutions to solve specific issues faced by clients, as stated by Viettel’s CTO, Le Ba Tan.
VinaPhone’s Perspective
VinaPhone, another major telecom player, launched its 5G network in December 2020 and has observed that B2B clients are keen to adopt technologies such as 5G and IoT.
Investment in Digital Transformation
However, businesses must revamp their production strategies and commit substantial resources, recognizing that digital transformation is a gradual process that requires close collaboration with telecom operators.
Focus on Government and SMEs
Nguyen Tuan Huy from MobiFone emphasized the importance of catering to government projects, which can generate significant traffic and innovative use cases. MobiFone is particularly focusing on small and medium-sized enterprises along with solutions for education and healthcare sectors.
Technology Integration for Enterprises
Ho Anh Thang from Tntech JSC pointed out that enterprises continually seek advanced technologies to enhance management. He urged telecom companies to leverage 5G for developing integrated solutions like IoT sensors coupled with AI functionalities to provide added benefits for businesses and society.
The Future of 5G Implementation
With the aim of delivering exceptional internet experiences and ushering in a new technological era, network operators are accelerating their efforts to test and deploy 5G services across the country.
