5G subscriptions in Vietnam likely to hit 6.3 million by 2025 hinh anh 1Illustrative image (Source: RCRWireless)

Hanoi (VNA) – The number of 5G subscribers in Vietnam could hit 6.3 million by 2025, according to technology conglomerate Cisco Vietnam.

A report on 5G subscription development in Southeast Asia by Cisco further said Vietnam and Singapore are expected to lead the way in Southeast Asia by launching 5G technology in the region in 2020-2021.

A representative of Cisco Vietnam said that 5G service in Vietnam is likely to grow faster than in other regional countries in the coming time even though the market penetration rate in the country was slower in the period of beginning.

Vietnamese telecommunication firms could raise their revenue by up to 300 million USD each year starting in 2025, thanks to the 5G service, it noted.

However, Vietnamese mobile service providers will have to invest 1.5-2.5 billion USD in infrastructure development in the 2020-2025 period for launching and operating the 5G service, the firm said.

They also need to build a list of services and prices for 5G networks to encourage users to switch to high-speed networks, it added./.