Vietnam Telecom Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Vietnam Telecom Market is segmented by Services, Data and Messaging Services, and OTT and PayTV Services. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Vietnam Telecom Market Size

Vietnam Telecom Market Summary
Study Period: 2018 - 2028
CAGR: 1.21 %

Major Players

Vietnam Telecom Market  Major Players

*Disclaimer: Major Players sorted in no particular order


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Vietnam Telecom Market Analysis

The Vietnamese telecom market is expected to register a CAGR of 1.21% over the next five years. Most major telecom companies, such as Vietnamobile, Viettel, EVNTelecom, and AT&T, are based in Vietnam and promote innovation by making significant R&D investments consistently.

  • The growing demand for high-speed connectivity services by customers and increasing spending on the deployment of 5G infrastructure positively influence the growth of the Vietnam telecom market. For instance, Samsung Electronics collaborated with Viettel to start 5G commercial trials in Da Nang, Vietnam. Through this partnership, high-performance and advanced 5G services can be offered to customers.
  • The growth in the telecom industry is mainly due to the increasing population with the rising adoption of mobile phones that support 3G, 4G, and 5G services across the country. For instance, Infinera selected the Viettel Optical Timing Channel 2.0 (OTC2.0) solution to prepare the Vietnamese operator’s synchronization network for a 5G pilot rollout.
  • 5G services still need to be fully deployed in Vietnam, but key telecom operators have completed 5G demonstrations and trials over the past two years. For instance, MobiFone rolled out its 5G network trial in Hue.
  • The government plans to upgrade its 3G and 4G networks to 5G. As part of its National Digital Transformation Programme, the government plans to develop a network infrastructure that provides high-speed connectivity services for customers. For instance, the Minister of Information and Communications (MIC) intends to focus on developing 6G wireless communications technologies.
  • Due to the COVID-19 pandemic, a large portion of the Vietnamese population has been forced to spend almost constantly at home. Many people opt to work from home, and due to that, there is increased broadband consumption. Offering high-speed broadband services will further support the growth of the telecom market.

Vietnam Telecom Industry Segmentation

Telecom or telecommunication is the long-range transmission of information by electromagnetic means.
The Vietnamese Telecom Market includes in-depth trend analysis based on connectivity like Fixed Networks, Mobile Networks, and Telecom Towers. The telecom services are divided into Voice Services (Wired and Wireless), Data and Messaging Services, and OTT and PayTV Services. Several factors, including an increasing demand for 5G, are likely to drive the adoption of telecom services.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Services
Voice Services
Data and Messaging Services (Coverage to include Internet & Handset Data packages, and Package Discounts)
OTT and PayTV Services

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Vietnam Telecom Market Trends

This section covers the major market trends shaping the Vietnam Telecom Market according to our research experts:

Growing demand for Wireless Services

  • The increasing population, communication services, and rising adoption of smartphone services have driven the growth of the Vietnamese Telecom Market. The growth would be further supported by regulatory authorities, which play a significant role in adopting a 5G network in the country.
  • The government has forward-looking plans to expand its network coverage from 3G and 4G to 5G networks. For instance, the Ministry of Information and Communications (MIC) reported that it finished installing 5G stations using open radio access network (ORAN) technology with download and upload speeds of 900 Mbps and 60 Mbps.
  • The Vietnamese government has plans to issue 5G wireless services licenses by the end of this year. Further, this year, the Department of Telecommunications will strengthen management and monitor the implementation of licenses granted to businesses. At the same time, inspect the implementation of regulations in the telecommunications sector and develop a set of 5G licensing standards. The demand for deploying Wi-Fi solutions will significantly grow, creating new opportunities for the telecom market.
  • According to the Ookla Speedtest Global Index, Vietnam ranked 47th with a median fixed broadband download speed of 78.87 Mbps in October 2022. Smartphone penetration is growing significantly and thus increasing the demand for high-speed wireless services.
  • Government authorities are working with private telecom service providers to expand wireless broadband connections. For instance, as part of its National Digital Transformation Programme, the government aims to enable faster and higher-quality wireless internet services for consumers.
Vietnam Telecom Market : Median Fixed broadband Speed, in Mbps, Vietnam, 2022

Growing demad for OTT Services

  • According to the GroupM Vietnam report, YouTube was the leading OTT streaming service in rural areas in Vietnam at 46 %. Meanwhile, the local platform FPT Play was the second most-used service, with 27% of the respondents using this OTT service. This indicates that Pay-TV services revenue is likely to drop in the next five years because of a steady decline in DTH subscriptions and emerging competition from OTT service providers.
  • A rising number of mobile subscribers will significantly increase the demand for OTT (over-the-top) services. For instance, DatVietVAC launches its new streaming service VieON (video-on-demand and television service), in Vietnam.
  • International OTT platforms, such as Netflix and Amazon Prime, offer on-demand video services for customers, thus creating new growth opportunities for the Vietnam OTT services market.
  • According to the Ookla Speedtest Global Index, Vietnam ranked 53rd with a median mobile download speed of 39.48 Mbps in October this year. Customers are migrating to mobile-based OTT services, thus creating new growth opportunities for the telecom market.
  • According to GSMA, Mobile internet use in the country nearly doubled from 27% of the population in 2014 to 53% in the last year. Adults in the country are increasingly using mobile internet. The increasing internet penetration will further increase the demand for OTT services.
  • During the COVID-19 outbreak, people adopted work-from-home practices and spent more time watching videos, games, and other forms of entertainment at home. OTT service providers offering on-demand videos are anticipated to further drive the growth of the Vietnamese telecom market.
Vietnam Telecom Market : Median Mobile Speed, in Mbps, Vietnam 2022

Vietnam Telecom Industry Overview

The Vietnamese Telecom Market is moderately fragmented due to ongoing partnerships and recent advancements. Some major market players studied were Vietnamobile, Viettel, EVNTelecom, AT&T, and MobiFone.

In May 2022, the Viettel Group collaborated with Qualcomm Technologies to develop a 5G Radio Unit (RU) with massive MIMO capabilities and distributed units (DUs) to deploy the next-generation 5G network infrastructure development and services in Vietnam.

In March 2022, Kerlink partnered with VIoT Group to roll out a nationwide LoRaWAN IoT (low-power vast area network) in Vietnam. 350 Kerlink gateways were planned to be deployed by the end of May in six cities, and 1,400 additional gateways were expected to be deployed by the end of 2022.

Vietnam Telecom Market Leaders

  1. Vietnamobile

  2. Viettel

  3. EVNTelecom

  4. AT&T

  5. MobiFone

*Disclaimer: Major Players sorted in no particular order

Vietnam Telecom Market Concentration

Vietnam Telecom Market News

  • September 2022: Infinera collaborated with Viettel to support 5G service. Infinera’s OTC2.0 (Optical Timing Channel 2.0) solution deploys a comprehensive 5G network.
  • August 2022: MobiFone expanded its 5G trial network in Hue, Vietnam. The 5G trial network would allow consumers to experience maximum download speeds of 1Gbps in 5G-enabled handsets.
  • May 2022: Casa Systems signed a memorandum of understanding (MoU) with Vietnam Posts and Telecommunications Group (VNPT) to introduce next-generation 5G technologies such as including cloud-native 5G Core, RAN, and Fixed Wireless Access (FWA) solutions in Vietnam.

Vietnam Telecom Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Ecosystem Analysis

    3. 4.3 Industry Attractiveness- Porter's Five Force Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Assessment of the Impact of COVID-19 on the Industry Ecosystem

    5. 4.5 Regulatory Landscape in the Vietnam


    1. 5.1 Market Drivers

      1. 5.1.1 Rising demand for 5G

      2. 5.1.2 Growth of IoT usage in Telecom

    2. 5.2 Market Restrain

      1. 5.2.1 The emergence of stiff competition is a concern for the industry

    3. 5.3 Analysis of the Market based on Connectivity (Coverage to include In-depth Trend Analysis)

      1. 5.3.1 Fixed Network

        1. Broadband (Cable modem, wireline-fiber, wireline DSL, fixed Wi-Fi ), Trends regarding ADSL/VDSL, FTTP/B, cable modem, FWA, and 5G FWA )

        2. Narrowband

      2. 5.3.2 Mobile Network

        1. Smartphone and mobile penetration

        2. Mobile Broadband

        3. 2G, 3G, 4G and 5G connections

        4. Smart Home IoT and M2M connections

    4. 5.4 Analysis of Telecom Towers (Coverage to include in-depth trend analysis of various types of towers, like, lattice, guyed, monopole, and stealth towers)


    1. 6.1 By Services

      1. 6.1.1 Voice Services

        1. Wired

        2. Wireless

      2. 6.1.2 Data and Messaging Services (Coverage to include Internet & Handset Data packages, and Package Discounts)

      3. 6.1.3 OTT and PayTV Services


    1. 7.1 Company Profiles

      1. 7.1.1 Vietnamobile

      2. 7.1.2 Viettel

      3. 7.1.3 EVNTelecom

      4. 7.1.4 AT&T

      5. 7.1.5 MobiFone

      6. 7.1.6 Vinaphone

      7. 7.1.7 Vietnam Posts and Telecommunications Group

      8. 7.1.8 Saigon Post and Telecommunications Services Corporation

      9. 7.1.9 G-Mobile

      10. 7.1.10 Gtel

    2. *List Not Exhaustive


**Subject to Availability
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Vietnam Telecom Market Research FAQs

The Vietnam Telecom Market is studied from 2018 - 2028.

The Vietnam Telecom Market is growing at a CAGR of 1.21% over the next 5 years.

Vietnamobile, Viettel, EVNTelecom, AT&T, MobiFone are the major companies operating in Vietnam Telecom Market.

Vietnam Telecom Industry Report

Statistics for the 2023 Vietnam Telecom market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Telecom analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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