Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM TO LAUNCH 4G SERVICES IN 2016: DEPUTY MINISTER
“The 4G LTE will be the main development trend of the world’s telecom industry in the future,” Deputy Minister Thang said.
“Vietnam will license network operators to offer 4G services to better use its infrastructure… and create an increasingly competitive and developing telecom environment.”
LTE, an abbreviation for Long-Term Evolution, commonly marketed as 4G LTE, is a standard for wireless communication of high-speed data for mobile phones and data terminals.
It is based on the GSM/EDGE and UMTS/HSPA network technologies, increasing the capacity and speed using a different radio interface together with core network improvements.
The 4G network enables users to transfer data at a speed that is 20 times faster than the maximum speed they can have with a 3G connection.
At the maximum 4G speed, users can download a movie within five to six seconds, or upload 100 songs in 2.4 seconds.
Most attendees at the conference agreed that 2015 is the prime time for Vietnam to implement the 4G technology but the communications ministry still preferred the following year.
“Upgrading to 4G is like building expressways as it will meet demand of a large number of members of the public,” said Thieu Phuong Nam, general director with Qualcomm Indochina, an American semiconductor company that designs and markets wireless telecommunications products and services.
In October 2009, state-run Vinaphone became the first mobile network operator in Vietnam to offer 3G services.
The number of 3G subscribers has since expanded rapidly, topping 27.5 million as of the end of last year, according to the Vietnam Telecom Agency.
All three leading mobile network providers in Vietnam offer an unlimited 3G data plan at VND70,000 (US$3.26) a month.
The average speed of 3G connection in Vietnam is 1.43 Mpbs, compared to the global average of 11.6 Mbps, according to NetIndex, a website which measures global broadband and mobile performance data.
There are currently 360 4G LTE networks running in 124 countries and territories around the world, according to the latest data from the Global Mobile Suppliers Association.
Some 400 million subscribers around the world are using 4G LTE services, and the figure is projected to rise to one billion in 2017, according to British business media group Informa.
Source: Business Times
Related News
FOREIGN INVESTORS FLOCKING TO SOUTHERN REGION
Foreign investors are actively calling on southern localities in the final months of 2024 to explore investment opportunities. On November 7, over 40 German businesses arrived in the southern province of Dong Nai to evaluate investment prospects in the area.
HAIPHONG TARGETS US$4 BILLION IN FDI FOR 2024
Haiphong recently approved 12 new projects in its economic and industrial zones, valued at a combined US$1.8 billion. This brings the total FDI in these zones to US$3.5 billion as of November, surpassing the city’s annual target by 40%.
CAR IMPORTS INCREASE 37.5 PER CENT IN 10 MONTHS
Việt Nam mainly imported cars from Indonesia, with 57,963 units imported so far this year (19,569 units higher than over the same period last year). Imports also came from Thailand, with 54,481 units (7,535 units higher than last year) and China, with 24,613 units (16,112 more than last year).
IMPROVING THE EFFECTIVENESS OF SOCIAL POLICY CREDIT
Following a decade of implementation, social policy credit is expected to enter a new phase of development to achieve higher efficiency for the sake of society and the community. On behalf of the Party Central Secretariat, on October 30, Standing Member of the Party Secretariat Tran Cam Tu signed a directive to improve the efficiency of social policy credit.
GLOBAL SOURCING FAIR VIETNAM 2025
Global Sourcing Fair Vietnam 2025, held from 24-26 April at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, is the must-attend international expo for sourcing Fashion & Accessories and Home & Gifts
VIETNAMESE ENTERPRISES GRAPPLE WITH CHALLENGES IN Q3
In many sectors, businesses acknowledged that simply breaking even was an accomplishment this year. A prominent example is Nam Sông Hậu Trading Investment Petroleum JSC, once a leading fuel distributor in the Mekong Delta.