Vietnam’s 5G subscriptions projected to hit 6.3 million in 2025: Cisco

Friday, 2019-10-25 16:05:51
 Font Size:     |        Print
 

Vietnam is expected to be one of the earliest countries to roll out 5G in Southeast Asia.
 Font Size:     |  

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

Vietnam and Singapore are expected to be the first countries in the region to roll out the latest wireless communications technology in 2020-2021.

Cisco Vietnam said market penetration in Vietnam in the early stage of 5G implementation will be lower than Indonesia and Thailand but growth is projected to accelerate in the later stage.

The company said the early rollout of 5G services can help Vietnamese mobile carriers increase their revenues by US$300 million a year, starting from 2025.

However, they need to invest about US$1.5-2.5 billion in the technology during the 2020-2025 period.

Cisco said Southeast Asian countries need to address the slow release of frequency spectrums for 5G services while carriers need to introduce appropriate 5G services and prices to encourage to users switch to higher speeds.

For corporate customers, mobile operators are advised to create new features, combine enhanced speeds with solutions and applications so that they can understand and expand added-value services.

According to experts, 5G’s higher speeds and lower latency will help bring a wide range of services to users, such as super-fast internet, high-resolution video streaming, cloud-based entertainment, augmented reality-enabled interactive content.

The 5G technology will act as the foundation for large-scale Internet of Things applications for e-government building.