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Vietnam Telecom Market Size, Share, Trends, Growth: By Service: Fixed Voice Services, Fixed Internet Access Services, Mobile Voice Services, Mobile Data Services, Pay-TV Services, Machine-to-Machine (Mobile IoT) Services; By Transmission: Wireline, Wireless; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Vietnam Telecom Market Size
The Vietnam telecom market reached is projected to grow at a CAGR of 1.6% between 2024 and 2032. The market is being driven by the proliferation of IoT and the increasing demand for rapid internet connectivity.
| Vietnam Telecom Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 1.6% |
| CAGR 2024-2032 - Market by Region | Southeast | 1.9% |
| CAGR 2024-2032 - Market by Region | Red River Delta | 1.7% |
| CAGR 2024-2032 - Market by Service | Mobile Data Services | 2.1% |
| CAGR 2024-2032 - Market by Transmission | Wireline | 2.4% |
| Market Share by Region | Mekong River Delta | 18.7% |
Vietnam Telecom Market Outlook
- 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.
Vietnam Telecom Market Growth
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 Industry Segmentation
“Vietnam Telecom Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - 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% |
Market Breakup by Service
- Fixed Voice Services
- Fixed Internet Access Services
- Mobile Voice Services
- Mobile Data Services
- Pay-TV Services
- Machine-to-Machine (Mobile IoT) Services
| CAGR 2024-2032 - Market by | Transmission |
| Wireline | 2.4% |
| Wireless | XX% |
Market Breakup by Transmission
- Wireline
- Wireless
| CAGR 2024-2032 - 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% |
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Vietnam Telecom Market Share
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 2024-2032. 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.
Leading Companies in the Vietnam Telecom Market
Major players are focusing on the adoption of cutting-edge technologies and sustainable market practices to gain a competitive edge in the market.
- Viettel Group
- VNPT VinaPhone
- MobiFone Telecommunications Corporation
- FPT Telecom JSC
- Vietnamobile
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Service |
|
| Breakup by Transmission |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Vietnam Telecom Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Telecom Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Telecom Historical Market (2018-2023)
8.3 Asia Pacific Telecom Market Forecast (2024-2032)
9 Vietnam Telecom Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Telecom Historical Market (2018-2023)
9.3 Vietnam Telecom Market Forecast (2024-2032)
10 Vietnam Telecom Market by Service
10.1 Fixed Voice Services
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fixed Internet Access Services
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Mobile Voice Services
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Mobile Data Services
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Pay-TV Services
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Machine-to-Machine (Mobile IoT) Services
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
11 Vietnam Telecom Market by Transmission
11.1 Wireline
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Wireless
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Vietnam Telecom Market by Region
12.1 Southeast
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Red River Delta
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mekong River Delta
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South Central Coast
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Viettel Group
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 VNPT VinaPhone
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 MobiFone Telecommunications Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 FPT Telecom JSC
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Vietnamobile
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Telecom Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Telecom Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Telecom Historical Market: Breakup by Service (USD Million), 2018-2023
4. Vietnam Telecom Market Forecast: Breakup by Service (USD Million), 2024-2032
5. Vietnam Telecom Historical Market: Breakup by Transmission (USD Million), 2018-2023
6. Vietnam Telecom Market Forecast: Breakup by Transmission (USD Million), 2024-2032
7. Vietnam Telecom Historical Market: Breakup by Region (USD Million), 2018-2023
8. Vietnam Telecom Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Vietnam Telecom Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 1.6% between 2024 and 2032.
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.
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