The Vietnam government has laid out 2022 key plans for the telecommunication and information technology (IT) sectors and hoped that the new initiatives will prepare the country to capture the upcoming opportunities in the future of work.
The administration aimed for the telecommunication sector to improve its labour productivity by 30% and they hoped to achieve this through the strong growth in cloud computing and digital platforms.
Cloud computing and digital platforms in Vietnam are currently experiencing annual growth rates of around 17% while the telecommunication sector is growing by about 1.5%. Based on estimates, the size of the cloud computing and digital platforms markets will be equivalent to that of the telecommunication sector by 2025.
The top policy makers encouraged the private sector to pay attention to solving issues related to scams and frauds so that the operators could prepare their platforms for digital payment infrastructures in the future. Operators were encouraged to invest in cybersecurity, artificial intelligence and data analytics capabilities so that the law enforcement agencies are able to track violations.
In parallel with the country’s research into 6G technology, the plan is for the sector to complete allocation of the 4G and 5G frequencies and also to construct the infrastructures that are necessary for complete 5G network coverage. In addition, the administration has informed the sector to procure equipment and research from local enterprises instead of foreign suppliers.
The Vietnam government wanted the telecommunication sector to grow by double digits by 2025 and would try their best to lead the movement by facilitating international cooperation, charting new areas for research and setting out plans to develop the necessary infrastructures for each municipality.
Terra Link Research 