






{"id":28487,"date":"2022-05-04T11:22:56","date_gmt":"2022-05-04T04:22:56","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=28487"},"modified":"2022-05-05T12:34:00","modified_gmt":"2022-05-05T05:34:00","slug":"vietnams-journey-to-digitising-the-country-commercialising-5g","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/vietnams-journey-to-digitising-the-country-commercialising-5g\/","title":{"rendered":"Vietnam\u2019s journey to digitising the country, commercialising 5G"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">By the end of 2021, 5G network was commercially tested in 16 provinces and cities<\/span><\/p>\n<figure id=\"attachment_28488\" aria-describedby=\"caption-attachment-28488\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-28488 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_630376499.jpg\" alt=\"\" width=\"1000\" height=\"499\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_630376499.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_630376499-400x200.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_630376499-600x299.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_630376499-768x383.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-28488\" class=\"wp-caption-text\">Vietnam&#8217;s digital economy has grown at a 10 percent annual rate and is expected to exceed USD200 billion by 2045. Nguyen Quang Ngoc Tonkin\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Vietnam is catching up to the approximatel<\/span><span style=\"font-weight: 400;\">y 70 countries that have commercialised 5G, according to <\/span><a href=\"https:\/\/www.thestar.com.my\/business\/business-news\/2022\/04\/07\/vietnam-to-start-5g-trials-in-major-cities\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Star<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The country seeks to digitalise government, economy, and society. 5G is projected to play a key role in this by improving broadband connectivity, expanding rural coverage, bridging the digital gap, developing Industry 4.0, and increasing the contribution of the digital media sector to the country&#8217;s GDP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During a talk organised by the Dau Tu Investment newspaper, three major carriers, including MobiFone, Viettel, and VinaPhone, have been reported to have conducted trials in cities like\u00a0 Hanoi and Ho Chi Minh City by the end of 2020. They have been expanding to other cities since then.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By the end of 2021, 5G network was commercially tested in 16 provinces and cities.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/how-5g-will-affect-vietnams-commercial-real-estate\/\" target=\"_blank\" rel=\"noopener\"><strong>More: How 5G will affect Vietnam\u2019s commercial real estate<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Vietnam will benefit from digital transformation as it strives to become a high-income country by 2045 achieve a net-zero emissions economy by 2050, <\/span><a href=\"https:\/\/e.vnexpress.net\/news\/economy\/digital-transformation-key-to-vietnams-ambitions-of-getting-rich-and-clean-4458606.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">VnExpress <\/span><\/a><span style=\"font-weight: 400;\">reported.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Alfonso Garcia Mora, regional vice president for Asia Pacific at the International Finance Corporation, Vietnam currently faces two significant challenges: increasing worker productivity to become a wealthy country while learning to adapt to climate change.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;From the above two challenges, we have a common key to solve it through technology and digital transformation. It is no longer an option, it is a must,&#8221; said Alfonso.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to World Bank data, Vietnam&#8217;s digital economy has grown at a 10 percent annual rate and is expected to exceed USD200 billion by 2045, a significant sum when compared to last year\u2019s GDP, which was roughly USD352 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Successful digital transformation would require collaboration between the public and private sectors. Moreover, the government must have a clear strategic vision for how much of the economy will be digital by 2050.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Digital transformation is not only helping Vietnam grow richer, but it is also reducing risks and boosting climate change adaption. As a result, digital transformation must also include sustainable development.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By the end of 2021, 5G network was commercially tested in 16 provinces and cities<\/p>\n","protected":false},"author":12,"featured_media":28488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[596,2404],"class_list":["post-28487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-5g","tag-digitalisation","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vietnam\u2019s journey to digitising the 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