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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 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.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124