5g

A 5G mobile network, which is the latest mobile Internet technology with data transmission speeds promising 10-20 times faster than the current one, is being promoted in many countries. In Vietnam, the Ministry of Information and Communications has licensed three large mobile service providers - Viettel, VNPT and MobiFone – to trial 5G services in the four largest cities of Hanoi, Ho Chi Minh City, Da Nang and Hai Phong. Since last December, the Vietnam Post and Telecommunications Group (VNPT) offered 5G coverage in the central districts of Hanoi and Ho Chi Minh City. MobiFone also announced the trial of commercial 5G services in Ho Chi Minh City in December 2020, including 4K and 8K video, AR/VR virtual reality games - AI learning, IoT services. Previously, on January 17, 2020, the first video call using 5G technology on gNodeB transceiver, researched and produced by Viettel, was successfully performed. Thus, Vietnam has officially mastered 5G network technology. … [Read more...] about Vietnam in 5G technology race

A consumer uses Vietel pay to buy a drinl. Viettel has been ranked the top technology company in Viet Nam by the Vietnam Report. — Photo Viettel Pay The Military Industry and Telecoms Group (Viettel) topped the list of the 10 most prestigious technology companies in Viet Nam in 2021, according to Vietnam Report JSC. FPT Group came second in the list, which also includes Mobifone, Vinaphone, CMC Corp, VNG, HANEL, Vietnam Technology & Telecommunication JSC (VNTT) and Hanoi Telecom. According to Vietnam Report’s general director Vu Dang Vinh, COVID-19 has driven businesses toward digital transformations as well as to invest in technology, creating great opportunities for technology companies. He said that digital transformations may become even more common when customers realise the benefits of the process particularly in reducing costs and increasing productivity. Vinh cited a survey by Vietnam Report in March 2021, which showed the ICT was among the top seven sectors … [Read more...] about Viettel tops most prestigious technology ranking in VN

A customer pays for goods through a QR code. The issuance of digital currency could also help accelerate Việt Nam's digital economy development. — VNA/VNS Photo By Mai Hương HÀ NỘI — Việt Nam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technology but also present an opportunity for Việt Nam to join the most technologically-advanced countries. The Prime Minister last month endorsed the strategy for developing e-Government towards digital Government in the 2021-25 period. In Decision 942/QĐ-TTg issued on June 15, the State Bank of Việt Nam (SBV) is assigned to research the pilot use of 'virtual money' based on blockchain technology in the next three years. This is a remarkable change in the Government’s policymaking given the reality that Việt Nam has not yet recognised cryptocurrencies. So far, the central bank has repeatedly emphasised that owning and trading Bitcoin and … [Read more...] about Việt Nam joins global peers in developing digital money

A customer pays for goods through a QR code. The issuance of digital currency could also help accelerate Viet Nam's digital economy development. — VNA/VNS Photo Viet Nam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technology but also present an opportunity for Viet Nam to join the most technologically-advanced countries. The Prime Minister last month endorsed the strategy for developing e-Government towards digital Government in the 2021-25 period. In Decision 942/QD-TTg issued on June 15, the State Bank of Viet Nam (SBV) is assigned to research the pilot use of 'virtual money' based on blockchain technology in the next three years. This is a remarkable change in the Government’s policymaking given the reality that Viet Nam has not yet recognised cryptocurrencies. So far, the central bank has repeatedly emphasised that owning and trading Bitcoin and other cryptocurrencies is risky … [Read more...] about Viet Nam joins global peers in developing digital money

CIMB from Malaysia aims to capitalise on Vietnam's growing banking sector Accordingly, the State Bank of Vietnam (SBV) promulgated Decision No.1241/QD-NHNN amending the charter capital in the bank’s licence. Over the past two years, CIMB Vietnam has continuously increased its charter capital, reflecting its long-term commitment in the country. Thomson Fam Siew Kat, CEO of CIMB Vietnam, said: “Vietnam is deemed as one of the most dynamic finance and banking markets in Asia as well as one of our priority markets. The increase of charter capital will facilitate CMIB to expand our investment, focusing on providing Vietnamese customers with modern finance and banking products as well as improving their experiences with high-quality products and services. CIMB has also signed partnership agreements with some strong partners in Vietnam to complete our digital banking ecosystem.” CIMB Group is one of the biggest investment banks in Asia with more than 34,000 staff, providing services … [Read more...] about Malaysia’s CIMB greenlit to increase charter capital for Vietnamese bank arm

The Prime Minister last month endorsed the strategy for developing e-Government towards digital Government in the 2021-25 period. In Decision 942/QĐ-TTg issued on June 15, the State Bank of Vietnam (SBV) is assigned to research the pilot use of 'virtual money' based on blockchain technology in the next three years. This is a remarkable change in the Government’s policymaking given the reality that Việt Nam has not yet recognised cryptocurrencies. So far, the central bank has repeatedly emphasised that owning and trading Bitcoin and other cryptocurrencies is risky for investors as these coins are not protected by law. Virtual currency is a new concept in Vietnam. There are many different and confusing names in the market such as virtual money, electronic money, digital currency and cryptocurrency. According to Investopedia, digital currencies can be considered a superset of virtual currencies and cryptocurrencies. Digital currencies can be regulated or unregulated currency that is … [Read more...] about Vietnam joins global peers in developing digital money