7 deployment scenarios of private 5g networks

Denis Brunetti, president of Ericsson in Vietnam, Myanmar, Cambodia and Laos Vietnam is piloting 5G with the support of Ericsson. Is the country still slow in 5G rollout, or keeping up with regional countries? Today, various countries are in different stages of 5G rollout. Every country and market has its own path, and Vietnam is very well-placed as one of the most dynamic and attractive investment destinations in the world, with a fast-growing digital economy and strategic focus on nationwide digital transformation and Industry 4.0, enabled by 5G as a critical national infrastructure. Ericsson fully supports and endorses this vision, and we are committed to helping Vietnam achieve this important and strategic ambition. Today there are 235 5G networks in the world in commercial service, with 5G having over 30 per cent population coverage globally. Vietnam is well poised to commercially expand 5G later this year and derive the benefits of the latest, most advanced 5G products … [Read more...] about 5G commercialisation – a must to drive the digital vision of Vietnam

Proposals relating to cooperation and encouraging foreign investors to join Vietnam’s innovation journey were addressed at some forums, including one at VIR’s headquarters and the annual Vietnam Business Forum (VBF) organised in Hanoi over a week back. Working groups of the Vietnam Business Forum touched on a variety of topics and recommendations for greater progress Photo: Dung Minh One particular area of discussion focused on the digital economy and tech such as blockchain. Do Tien Thinh, deputy director of the Vietnam National Innovation Centre (NIC) said at VIR’s forum on digital transformation on March 21 that the NIC is working with many big foreign technology groups to connect them with domestic enterprises to implement training courses and technical supporting programmes. Thinh said Google has implemented digital skill training courses for businesses, especially startups. In mid-2022, Google launched a certification initiative and Startup Academy Vietnam, … [Read more...] about High-tech talent pool to aid transformation

Some 600 new European standard shelters will be built at public bus stops in Hanoi city. Hanoi will allow investors to build advertising boards in exchange for 600 modern bus stop shelters and shelter displays worth VND1 trillion (US$43 million) in 12 urban districts, Kinhtedothi.vn reported. The move is part of efforts to encourage Hanoi’s residents to turn to public transportation for mobility, thus easing the number of cars on road and improving air quality. Hanoi to have 600 new bus stop shelters Currently, there are 1,078 bus stops in Hanoi's downtown, but only 365 of them have shelters. The shelters are built by different investors, which make them apprear ununiform. According to the municipal People's Committee, 600 new European standard shelters will be built at public bus stops in the city under the PPP funding mechanism. Among them, 270 shelters will be newly installed and the other 330 will be replaced. In exchange, 1,200 advertising boards … [Read more...] about Hanoi to allow advertising rights in exchange for 600 bus stop shelters

Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement. At the signing ceremony between VPBank and SMBC (Photo: VNA) With this deal, SMBC, a subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG), has officially become a foreign strategic investor of the Vietnamese bank. The investment from SMBC will help VPBank raise 35.9 trillion VND (approximately 1.5 billion USD) of Tier 1 capital (equal to 30,160 VND per share), increasing its equity to approximately 140 trillion VND from 103.5 trillion VND. Following the investment, VPBank will become Vietnam’s second largest bank in terms of equity, which allows it to serve a wide range of customer needs in various segments, including retail banking, corporate banking and SMEs. The robust capital stance will also back VPBank in serving large-scale enterprises, particularly the FDI and multi-national companies … [Read more...] about VPBank sells 15% stake to Japan’s SMBC for 1.5 bln USD

Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism

The CFA is part of the UK Government's efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021. Nine low carbon projects from across Vietnam have been announced to be part of the first cohort of the Climate Finance Accelerator (CFA) Vietnam. The selected projects come from diverse sectors including renewable energy, resource and energy efficiency, electromobility, AFOLUs (agriculture, forestry and other land uses), decarbonised construction, circular economy and waste management, and have the potential to benefit communities across Vietnam. Deep C Green is one of the first nine low-carbon projects in Vietnam to join the CFA. Photo: Deepc.vn Projects will receive tailored one-on-one and group support to improve project readiness and chances of attracting investment from Vietnamese and international investors. This will include advice on technical aspects, financial models, and pitch materials, as well as … [Read more...] about UK-funded CFA to support nine low-carbon projects in Vietnam

To improve project readiness and provide opportunities to attract investment from Vietnamese and international investors, the schemes will receive tailored one-to-one and group support. This will include advice on technical aspects, financial models, materials, and advice on enhancing gender equality and social inclusion. The CFA is part of the UK government’s efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow two years ago, and offer support to implement the Vietnam Just Energy Transition Partnership (V-JETP) that was agreed upon in December last year. “The exciting and innovative projects selected to be part of CFA Vietnam underline the significant potential of the Vietnamese private sector to help tackle the climate crisis," British Ambassador to Vietnam, Iain Frew, said. "The expertise shared with these projects will help move them closer to finding investment, leading to reductions in carbon emissions for communities across … [Read more...] about Innovative low-carbon projects join UK’s climate finance scheme