Hung said that 5G will be the most important part of the infrastructure for the digital economy thanks to its greater bandwidth, higher speeds and lower latency.

He stated that the digital economy is creating new opportunities, noting that new technologies will enable better connectivity between supply chains, and reduce logistics and business costs.

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ASEAN Conference on 5G. Source: hanoimoi.com.vn

According to the minister, Vietnam will be one of the first countries in the world to roll out 5G.

The ministry licensed local carriers to test the technology in Hanoi and Ho Chi Minh City, he stated, adding that the country is also focusing on developing 5G-based technologies and equipment.

Vietnam is willing to cooperate with the ASEAN countries to establish joint ventures and factories to make IT equipment, he affirmed.

The ASEAN Conference on 5G took place in Hanoi on March 21-22, during which regional regulators and experts will discuss 5G development policies and strategies, as well as challenges in building a 5G-based ecosystem.

The event was jointly held by the MIC, the Vietnam Internet Association and the International Data Group (IDG).

Source: VNA