Vietnam telecom giants take competition into non-core areas
Vietnam’s telecommunication giants are taking the competition into non-core areas, expanding their business operations to stay ahead in the fast-paced tech industry. With the growth of technology and increasing demand for digital services, the top telecom companies in the country have been looking to diversify their offerings and reach new markets.
Here are some key takeaways:
- Vietnam’s telecom giants diversifying in fast-paced tech industry.
- Viettel Group focusing on AI, big data, cloud computing and digital marketing.
- MobiFone expanding into digital content and entertainment, investing in startups.
Viettel Group: Diversifying in the Technology Sector
Viettel Group, the largest telecommunication company in the country, has been making moves in the technology sector, with a focus on artificial intelligence, big data and the internet of things. In addition to telecommunication services, the company now offers cloud computing and digital marketing solutions.
MobiFone: Expanding into Digital Content and Entertainment
Similarly, MobiFone, one of the leading mobile network operators in Vietnam, has also diversified its business operations, expanding into the digital content and entertainment industry. The company has launched various online platforms and services that provide users with access to music, movies, and games.
In addition to expanding their services, these companies are also making investments in technology startups to further increase their reach in the tech industry. For instance, Viettel has invested in a number of startups focused on e-commerce and digital payment solutions, while MobiFone has made investments in companies that specialize in cloud computing and big data.
The moves by these telecommunication giants into non-core areas demonstrate the competitive nature of the industry and the need for companies to adapt and evolve to stay ahead. By expanding their services and investing in new technology, these companies are positioning themselves as key players in the growing digital economy in Vietnam.
In conclusion, the telecommunication industry in Vietnam is rapidly growing and becoming increasingly competitive, with major companies expanding into non-core areas to stay ahead in the fast-paced tech industry. These companies are using innovative solutions and technology to diversify their offerings and reach new markets, solidifying their positions as key players in the country’s digital economy.