The Vietnam telecom market was valued at USD 6.60 Billion in 2025. The industry is expected to grow at a CAGR of 1.60% during the forecast period of 2026-2035 to attain a valuation of USD 7.74 Billion by 2035.
Base Year
Historical Period
Forecast Period
According to the Ministry of Information and Communications in Vietnam, the country had approximately 127.207 million mobile subscribers as of September 2022.
Reportedly, 78.8 million 5G subscriptions will be active in Vietnam by 2033, or an 80% penetration rate.
To establish itself as a leader in next-generation connectivity, Vietnamese telecom company Viettel, which is owned by the military, intends to broadcast at least 1,000 5G stations by 2024.
Compound Annual Growth Rate
1.6%
Value in USD Billion
2026-2035
*this image is indicative*
| Vietnam Telecom Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 6.60 |
| Market Size 2035 | USD Billion | 7.74 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 1.60% |
| CAGR 2026-2035 - Market by Region | Southeast | 1.9% |
| CAGR 2026-2035 - Market by Region | Red River Delta | 1.7% |
| CAGR 2026-2035 - Market by Service | Mobile Data Services | 2.1% |
| CAGR 2026-2035 - Market by Transmission | Wireline | 2.4% |
| Market Share by Region | Mekong River Delta | 18.7% |
According to estimates from the National Institute of Information and Communications Strategy, Vietnam's GDP growth in 2025 is expected to be boosted by approximately 7.34 per cent due to 5G services. By the end of this decade, the Vietnamese government aims to have 99% of its population able to access 5G mobile broadband networks. In 2024, the government released a digital infrastructure plan that will last until 2030. By 2025, it also intends to install two to four more international subsea fibre-optic cables. Additionally, there has been a spike in both domestic and foreign investments in the telecom sector because of the country's advantageous geopolitical location and business climate.
The rapid increase in data usage due to smartphones, streaming services, social media, and online gaming is a significant factor aiding the market expansion. Both consumers and businesses require quicker and more dependable internet connections. Companies in every sector are embracing digital transformation, intensifying their dependence on telecom services for cloud computing, remote work, video conferencing, and other digital communications.
In several end-use sectors, including telecommunications, the proliferation of IoT devices is a direct result of the growing demand for 5G networks. Wider coverage and lower latency are two benefits of the emergence of 5G standalone (5G SA) networks, which improve user experience.
“Vietnam Telecom Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments
Market Breakup by Service
Market Breakup by Transmission
Market Breakup by Region
| CAGR 2026-2035 - Market by | Service |
| Mobile Data Services | 2.1% |
| Machine-to-Machine (Mobile IoT) Services | 1.8% |
| Fixed Internet Access Services | 1.5% |
| Fixed Voice Services | XX% |
| Mobile Voice Services | XX% |
| Pay-TV Services | XX% |
| CAGR 2026-2035 - Market by | Transmission |
| Wireline | 2.4% |
| Wireless | XX% |
| CAGR 2026-2035 - Market by | Region |
| Southeast | 1.9% |
| Red River Delta | 1.7% |
| Mekong River Delta | XX% |
| South Central Coast | XX% |
| Others | XX% |
| Market Share by | Region |
| Mekong River Delta | 18.7% |
| South Central Coast | XX% |
| Southeast | XX% |
| Red River Delta | XX% |
| Others | XX% |
Based on transmission, the market is segmented into wireline and wireless. The wireline segment is projected to grow at a CAGR of 2.4% during the forecast period of 2026-2035. In the telecommunications sector, wireline transmission refers to the use of physical cables for data, voice, and video transmission. It includes different technologies and infrastructures, including coaxial, fibre optic, and copper cables.
Major players are focusing on the adoption of cutting-edge technologies and sustainable market practices to gain a competitive edge in the market.
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The market is estimated to grow at a CAGR of 1.60% between 2026 and 2035.
The market is being driven by rapid urbanisation and rising penetration of smartphones.
The key trends aiding the market expansion include the increasing installation of 5G networks and an increase in data consumption.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different segmentations based on the transmission of telecom include wireline and wireless.
The major players in the market are Viettel Group, VNPT VinaPhone, MobiFone Telecommunications Corporation, FPT Telecom JSC, and Vietnamobile, among others.
In 2025, the market attained a value of nearly USD 6.60 Billion.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 7.74 Billion by 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service |
|
| Breakup by Transmission |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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