(VOVWORLD) - Vietnam is now increasingly emerging as a regional middle power, especially in the global supply chain and development of 5G technology, according to an article published by the UK’s website strifeblog.org on Tuesday.
The article writes that Vietnam has many advantages thanks to its ability to offer solid infrastructure coupled with a large low-wage workforce. Nike and Samsung have been outsourcing their production to Vietnamese factories for years, and recently Apple has started to assemble its AirPod earphones on Vietnamese soil too.
According to the article, in the field of technological development, Vietnam built its own domestic infrastructure and appears ready to deploy it for commercial use by 2021. Viettel, a Vietnamese state-owned telecom company, has collaborated with Ericsson to create its own 5G technology, and plans to expand the product to Myanmar, Laos and Cambodia.
Vietnam has also provided a cheap mass access to the Internet for its citizens, while aiming to become a key player in e-commerce and online payment methods. After Ericsson, Nokia, Huawei, Samsung and ZTE, Viettel is the sixth producer in the 5G race.
The article concludes that, a latecomer to the international community, Vietnam is now increasingly emerging as a regional middle power as the country is well-integrated in the world economy and it is one of the only domestic producers of 5G technology.