Vietnam Telecom Operators Country Intelligence Report
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Vietnam Telecom Operators Country Intelligence Overview
The total telecom service revenue in Vietnam reached $6.4 billion in 2023. The market size growth has been estimated to incline at a CAGR of more than 4% during 2023-2028. This growth will be supported by a spike in mobile data and fixed broadband service segments. Also, the National Digital Transformation Program – 2025 aimed at speeding up digital transformation by changing business strategies and providing incentives to encourage enterprises, government administration, and manufacturing to go digital along with local government and operators focusing on enhancing connectivity through satellite services will fuel this growth.
Vietnam Telecom Services Market Outlook, 2023-2028 ($ Billion)
Buy the Full Report to Gain More Information on the Vietnam Telecom Services Market Forecast
The ‘Vietnam Telecom Operators Country Intelligence’ report provides an executive-level overview of the telecom services market in Vietnam today, with detailed forecasts of key indicators up to 2028. Published annually, the report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile markets, and a review of key regulatory trends.
Market Size 2023 | $6.4 billion |
CAGR | >4% |
Forecast Period | 2023-2028 |
Telecom Service Segment | Mobile Services, Fixed Voice Services and Fixed-Broadband Services |
Leading Companies | Viettel, Vinaphone, Mobifone, Vietnamobile, VNPT, FPT |
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Vietnam Telecom Services Market Regulatory Highlights
The government passed the amended Telecommunications Law in November 2023, which is intended to improve service quality, protect consumer rights, and ensure tighter security, while encouraging enterprises to drive infrastructure development.
Vietnam Telecom Services Market Analysis by Service
- Mobile Services
- Fixed Services
Vietnam Telecom Services Market Share by Service, 2023-2028 (%)
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Mobile Services Market in Vietnam - Deep Dive
Average monthly mobile voice usage will decline during 2023-2028 period. This is due to growing consumer preference for OTT-based communication solutions, in line with the widespread proliferation of 4G services and rising smartphone penetration over the forecast period.
The Vietnam telecom services market research report offers mobile services segment coverage on the following KPIs:
- Mobile subscription penetration and subscription by device type
- Mobile subscriptions by payment type, mobile subscriptions by technology generation, 2022-2028
- Data usage and traffic
- Mobile ARPU by payment type and service revenue by type
Fixed Services Market in Vietnam - Deep Dive
The number of circuit-switched lines will decline drastically during 2023-2028, as users continue to shift from traditional telephony to VoIP and mobile/OTT communication services.
The Vietnam telecom services market research report offers fixed services segment coverage on the following KPIs:
- Fixed service penetration and subscription
- Voice telephony by technology, fixed broadband lines by technology
- Fixed ARPU and Service revenue by service type
Vietnam Telecom Services Market - Competitive Landscape
Viettel led the mobile service market in Vietnam in 2023. Viettel will maintain its leadership throughout the forecast period supported by its high-speed LTE network coverage throughout the country and its focus on 4G network expansion and the development of its 5G network.
Leading Telecom Companies in Vietnam
- Viettel
- Vinaphone
- Mobifone
- Vietnamobile
- VNPT
- FPT
Vietnam Telecom Services Market Share by Companies, 2023 (%)
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Scope
The country intelligence report provides an in-depth analysis of the following:
- The demographic and macroeconomic context in Vietnam.
- The regulatory environment and trends: A review of the regulatory setting and agenda for the next 18-24 months as well as relevant developments pertaining to spectrum licensing, national broadband plans, tariff regulation, and more.
- Telecom services market outlook: Analysis as well as historical figures and forecasts of service revenue from the fixed telephony, broadband, mobile voice, and mobile data markets.
- The competitive landscape: An examination of the positioning of leading players in the telecom services market as well as subscription market shares across segments.
- Company snapshots: Analysis of the financial position of leading service providers in the telecommunications markets.
- Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.
Reasons to Buy
- This country intelligence report offers a thorough, forward-looking analysis of the Vietnam’s telecommunications markets, service providers, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
- Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in Vietnam’s mobile communications, fixed telephony, and broadband markets, including the evolution of service provider market shares.
- With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
- The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in Vietnam’s telecommunications markets.
- The broad perspective of the report coupled with comprehensive, actionable detail will help operators, equipment vendors, and other telecom industry players succeed in the challenging telecommunications market in Vietnam.
VNPT (Vinaphone)
Mobifone
Vietnamobile
FPT
Table of Contents
Frequently asked questions
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What was the Vietnam telecom services market size in 2023?
The telecom services market size in Vietnam reached $6.4 billion in 2023.
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What will the Vietnam telecom services market growth rate be during the forecast period?
The telecom services market in Vietnam is expected to incline at a CAGR of more than 4% during the forecast period, 2023-2028.
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What are the key telecom services market drivers in Vietnam?
The National Digital Transformation Program – 2025 aimed at speeding up digital transformation by changing business strategies and providing incentives to encourage enterprises, government administration, and manufacturing to go digital along with local government and operators’ focus on enhancing connectivity through satellite services will be the market drivers in the country.
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Which will be the leading telecom service market segment in Vietnam during 2023-2028?
Mobile services will be the leading telecom service market segment in Vietnam during 2023-2028
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Which are the leading telecom companies in Vietnam?
The leading companies in the telecommunications services market in Vietnam are Viettel, Vinaphone, Mobifone, Vietnamobile, VNPT, and FPT.
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