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Vietnam has highest rate of new digital service consumers in SEA

by NDO/VNA28 March 2021 Last updated at 18:00 PM

Deputy Minister of Information and Communications Phan Tam speaks at the event (Photo: vtv.vn)
Deputy Minister of Information and Communications Phan Tam speaks at the event (Photo: vtv.vn)

VTV.vn - Vietnam had the highest rate of new digital service consumers in the Southeast Asia region last year, it was reported at the recent World Mobile Broadband & ICT 2021 conference in Hanoi.

The event is an important forum for telecommunications managers and experts to promote the development of services in the Vietnamese market. The theme of this year is developing 5G and broadband infrastructure to enhance the digital transformation process in Vietnam.

The report "e-Conomy SEA 2020”, which is conducted by Google, Temasek and Bain & Company, showed that Vietnam's digital economy reached a total value of US$14 billion last year, US$2 billion higher than that of the same period of the previous year.

Out of the total number of digital service users in Vietnam, new users account for 41 percent. This turned Vietnam into a country with the highest rate of new digital service consumers in the region.

Statistics from the General Statistics Office said that Vietnam was one of the three Asian countries with positive growth with the size of the economy is more than US$343 billion. Singapore reached US$337.5 billion and Malaysia US$336.3. billion.

The Vietnamese Government has defined one of the pillars of the digital economy as the telecommunications infrastructure, including both mobile and fixed broadband infrastructure.

The development of broadband infrastructure has paved the way for all other economic sectors to grow within the past two to three years.

The total number of fixed broadband subscribers in Vietnam exceeded 17.2 million, and the total number of mobile broadband subscribers reached nearly 69.5 million by the end of last month, reported the Vietnam Telecommunications Authority.

However, in order to contribute to the realisation of the national digital transformation project by 2030 and further promote the digital economy, telecommunication investment and exploitation activities in Vietnam, it still needs a lot of innovation.

Assessing the development of Vietnam's telecommunications market, Tran Duc Lai, chairman of the Radio and Electronics Association of Vietnam, said this year, operators have deployed 5G and achieved very positive results.

The country will test 5G on a large scale and even with Make- in-Vietnam devices from this year.

A study by the National Institute of Information and Communications Strategy said that the contribution of 5G to the national GDP growth is forecast to reach 7.34% by 2025.

The socio-economic development strategies for the 2021-2025 and 2021-2030 periods have repeatedly mentioned digital transformation, telecommunications, digital technology, digital government, and digital skills.

Science, technology, innovation and digital transformation are some of the strategic breakthroughs of the next 10 years to help Vietnam develop and be among the top middle-income countries by 2030 and high-income industrial countries in 2045.

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