• The Financial District


While the commercial 5G network is not yet operational in Việt Nam, local tech firms are exporting their 5G technology to the world, according to Vietnam News.

VinSmart, for example, has agreed to ship about 2 million of its Vsmart 5G smartphones to the US under outsourcing contracts this year.

“5G technology gives a new player like VinSmart a chance to compete with big players in the world," said Lê Thị Thu Thủy, vice chairwoman of VinSmart.

Just established in Hà Nội last year, the Vingroup unit became the first producer of 5G smartphones in Việt Nam. Thủy said it would export its own brand's 5G equipment to North American markets next year.

In a recent press conference in Hà Nội held by VinSmart and Qualcomm, Thủy told Việt

Nam News that Vingroup has invested tens of millions of US dollars in developing R&D labs, production lines and employing local talents.

Thủy also said VinSmart spent a lot to have licenses to use the US-based Qualcomm's technology, one of the leading 5G providers and the most well-known chipset providers in the world.

The firms partnered up in December 2018 with a patent licensing agreement covering multimode complete terminals and Qualcomm has supported VinSmart in developing, manufacturing and selling branded multimode complete terminals such as 4G/5G smartphones to the US market.

Since the partnership, VinSmart has launched 13 smartphones based on the Qualcomm Snapdragon Mobile platforms both in Viet Nam as well as in Spain, Russia, and Myanmar. This July, it launched its first 5G-enabled smartphones, the VinSmart Aris series.

Besides, smartphones, Qualcomm has also worked with VinSmart in developing 5G product categories such as MiFi (mobile WiFi routers), Customer Premise Equipment (CPE), Wi-Fi 6 Smart Home, AI Edge and Camera, and 5G laptops for both the Vietnamese and international markets.

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