Top 5 Vietnam Telecom MNO Companies
Viettel Group
Vinaphone
Mobifone Corporation
Vietnamobile
Gmobile
Source: Mordor Intelligence
Vietnam Telecom MNO Companies Matrix by Mordor Intelligence
Our comprehensive proprietary performance metrics of key Vietnam Telecom MNO players beyond traditional revenue and ranking measures
A revenue ranked list can favor legacy subscriber bases, even when network readiness diverges across operators. The MI Matrix weights observable capability signals such as spectrum depth, 5G site pace, enterprise solution maturity, and execution confidence under regulatory deadlines. Vietnam's policy push for rapid 5G build, including a 15% equipment subsidy tied to large site additions, can temporarily reshape near term operator momentum. For buyers asking where 5G is already active, Viettel and VNPT began commercial service in late 2024, while MobiFone followed with a March 2025 launch. For buyers asking when older networks end, Vietnam planned a staged 2G shutdown from 2024 with residual support until September 2026, and a 3G end target around 2028. This MI Matrix by Mordor Intelligence is better for supplier and competitor evaluation than revenue tables alone.
MI Competitive Matrix for Vietnam Telecom MNO
The MI Matrix benchmarks top Vietnam Telecom MNO Companies on dual axes of Impact and Execution Scale.
Analysis of Vietnam Telecom MNO Companies and Quadrants in the MI Competitive Matrix
Comprehensive positioning breakdown
Viettel Group
Rapid 5G adoption in late 2024 saw service use climb to millions of users in weeks. Viettel, a major player, strengthened rural economics by winning 700 MHz spectrum in May 2025 and then signaled aggressive 5G site additions during 2025. Vendor awards with Ericsson and Nokia point to scaled nationwide radio modernization rather than isolated trials. If Vietnam's 5G equipment subsidy favors speed, Viettel can pull demand forward, yet power costs and remote site logistics remain real execution risks.
Frequently Asked Questions
Which operator is most likely to deliver broad 5G availability during 2025?
Viettel signaled very large 5G base station additions during 2025 and secured 700 MHz spectrum that supports wide area coverage economics. VNPT also stated nationwide 5G coverage, but build intensity may differ by province and traffic density.
What should enterprises ask for when considering private 5G in Vietnam?
Ask for spectrum legality, isolation design, and on site support staffing, because these shape uptime and security outcomes. MobiFone has highlighted 5G based solutions and enterprise use cases, which can shorten pilot cycles.
What does the 2G phaseout mean for device and voice service planning?
Vietnam set a staged approach, with a 2024 shutdown step and residual 2G support for some non VoLTE calling needs until September 2026. A 3G end target around 2028 increases urgency for VoLTE capable devices and testing for emergency calling.
How do 700 MHz and 3.8 GHz bands change user experience?
700 MHz generally improves indoor and rural coverage economics, which matters for national reach goals. 3.8 GHz supports high capacity zones, which aligns with MobiFone's 3.83.9 GHz spectrum win and its city first rollout.
What selection criteria matter most for consumers choosing a SIM in Vietnam during 2025 to 2026?
Check real world coverage where you live and commute, then confirm your handset supports VoLTE to avoid calling fallbacks. Also review fair use limits on "unlimited" data plans, because throttling policies vary by operator and package design.
How does government support for fast 5G rollout affect operator choices?
Vietnam discussed equipment subsidies linked to deploying large numbers of 5G sites before the end of 2025. Buyers should expect faster coverage expansion where subsidy driven builds are prioritized, but also more short term construction and optimization activity.
Methodology
Research approach and analytical framework
Data sourcing used public operator releases, regulatory updates, and credible journalism, prioritizing 2023+ facts. Evidence fits both public and private firms by using observable signals such as spectrum wins, site rollouts, and certified launches. When financial detail was limited, triangulation relied on contracts, partnerships, and deployment indicators. Scoring reflects Vietnam mobile services only, not global operations.
Retail reach and enterprise coverage determine who can sell reliably across Vietnam provinces and key corridors.
Trust matters during device migration, SIM registration enforcement, and enterprise security reviews.
Larger subscriber and traffic position improves unit costs and funds faster radio upgrades.
Site density, spectrum assets, and field force strength drive coverage quality and outage recovery speed.
Private 5G, slicing readiness, and vertical solutions show practical differentiation since 2023.
Mobile led cash generation supports capex, subsidy matching funds, and resilient pricing posture.
