Vietnam Telecom Towers Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 90.01 Thousand units |
| Market Volume (2030) | 92.93 Thousand units |
| CAGR (2025 - 2030) | 0.64% |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Vietnam Telecom Towers Market Analysis
The Vietnam Telecom Towers Market size in terms of installed base is expected to grow from 90.01 thousand units in 2025 to 92.93 thousand units by 2030, at a CAGR of 0.64% during the forecast period (2025-2030).
- The Vietnam telecom towers market has been experiencing steady growth, driven by the rapid expansion of mobile connectivity, the rollout of 4G and 5G networks, and the increasing demand for high-speed internet services across urban and rural areas. The market is supported by the government's commitment to improving digital infrastructure as part of its national digital transformation strategy, aiming for universal broadband coverage by 2030.
- Vietnam is making substantial strides toward enhancing its digital infrastructure, with a comprehensive plan to achieve full mobile broadband coverage across all national highways, expressways, and railways by 2025. This ambitious initiative, recently approved by the Ministry of Information and Communications (MIC), is designed to significantly improve the country’s mobile telecommunications network and ensure widespread deployment of 5G technology. By 2025, the plan envisions that all provinces and cities will have 5G coverage, including high-tech zones, research and innovation centers, industrial parks, airports, and seaports.
- Key players like Viettel, VNPT, and MobiFone have been investing in expanding their tower infrastructure to accommodate the growing number of subscribers and data traffic. The rise of shared infrastructure models, where tower companies lease space to multiple telecom operators, has enhanced market efficiency and reduced costs.
- As the demand for reliable and fast mobile services continues to rise, the Vietnam telecom towers market is expected to see sustained growth, further supported by ongoing investments in 5G technology and the government's focus on bridging the digital divide.
- In addition, governmental and environmental regulations are increasingly restrictive on the use of diesel. As compliance with sustainability objectives becomes more critical, this may impact the growth of the installation of telecom towers in remote and rural areas. Such factors may limit the growth of the telecom towers in the potential market due to the unavailability of a proper power supply.
Vietnam Telecom Towers Market Trends
MNO Captive Sites Augment the Market's Growth
- The growth of the Vietnam telecom towers market is significantly influenced by the expansion of Mobile Network Operators (MNOs) through captive sites. Captive sites, which are tower sites owned and operated by MNOs themselves, are becoming increasingly prevalent as operators seek to enhance network coverage, especially in rural and underserved regions.
- The rapid increase in mobile data consumption, driven by the widespread adoption of smartphones and the ongoing rollout of 4G and upcoming 5G networks, is compelling MNOs to build and expand their own infrastructure rather than relying solely on third-party tower companies.
- In May 2024, ST Telemedia Global Data Centres (STT GDC), a growing data center provider, introduced a joint venture partnership with VNG Corporation, a key technology company in Vietnam, for the development, construction, and operation of data center projects in Ho Chi Minh City, Vietnam.
- This trend is further supported by Vietnam's government policies that encourage the development of digital infrastructure to support economic growth and digital transformation. The competitive landscape among MNOs is pushing them to secure strategic locations and improve service quality through dedicated infrastructure, which is leading to a rise in the number of captive sites.
- As a result, while the presence of independent tower companies remains strong, the market is witnessing a shift toward a more mixed ownership model, where MNOs are increasingly taking control of their infrastructure to maintain competitive advantages. Overall, the proliferation of captive sites by MNOs is a critical factor propelling the expansion and evolution of Vietnam's telecom infrastructure landscape.
Renewable Fuel Type Spur the Market's Growth
- The growth of the Vietnam telecom towers market is increasingly driven by the adoption of renewable fuel types, which align with the country's broader sustainability goals and the telecom industry's need to reduce operational costs.
- As Vietnam continues to expand its telecom infrastructure to support rising data demand and digitalization, the shift toward renewable energy sources, such as solar and wind power, is becoming essential. This transition is motivated by the high cost and environmental impact of traditional diesel generators, which have historically powered remote telecom sites.
- The Vietnamese government's supportive policies and incentives for green energy investments encourage telecom operators to integrate renewable fuels into their tower operations. This shift not only enhances the sustainability of telecom networks but also positions Vietnam as a key provider in green technology adoption within the region, further spurring the growth of its telecom towers market.
- For instance, in July 2024, through Decree 80/2024/ND-CP, the Vietnamese government rolled out Direct Power Purchase Agreements (DPPA). This initiative highlights Vietnam's commitment to decarbonizing its economy, with an ambitious goal of reaching net-zero emissions by 2050. The DPPA facilitates the direct sale of rooftop solar energy and other renewable sources, leveraging both private transmission lines and the national grid. Beyond meeting the rising demand for clean energy, this move is set to boost investments in renewable resources.
Vietnam Telecom Towers Industry Overview
The Vietnam telecom towers market is semi-consolidated and consists of several major players, such as NetNam Corporation and Viettel Group. These major players in the telecom tower market are expanding their customer base internationally through strategic collaborations and acquisitions of telecom tower startups. This has led to a moderately high market concentration, with a few dominant players benefiting from significant market share and profitability.
Vietnam Telecom Towers Market Leaders
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NetNam Corporation
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Viettel Group
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MobiFone Telecommunication Corporation
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Vietnamobile
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Vietnam Posts and Telecommunications Group
- *Disclaimer: Major Players sorted in no particular order
Vietnam Telecom Towers Market News
- July 2024: MobiFone became the third network operator in Vietnam to secure access to the 5G spectrum. This milestone enabled the company to accelerate its nationwide 5G service rollout this year. MobiFone is focusing on enhancing its services in major urban centers, airports, popular tourist spots, and industrial zones.
- May 2024: During a briefing by the Ministry of Information and Communications, VNPT Group received a license to set up a network and offer terrestrial mobile services using 5G technology. Armed with this license, VNPT Group is poised to launch 5G services nationwide. The emphasis will be on upgrading the 5G network infrastructure to elevate user experience, guaranteeing high speeds, expansive capacity, and reduced latency, all while maximizing state investment efficiency and enhancing business productivity.
- January 2024: Orkid, a key player in the Generative AI SaaS domain, enables organizations to leverage and profit from their data. In a recent move, Orkid entered into a strategic alliance with TPComs, a major ICT service provider based in Vietnam. With a robust telecom infrastructure, TPComs provides a comprehensive suite of IT solutions. Their well-connected and professional team excels in meeting customer demands, ensuring the delivery of innovative, high-quality solutions across Vietnam.
- January 2024: Singapore and Vietnam-based esports organization Team Flash inked a partnership deal with Vietnamese telecommunications company FPT Corporation (FPT Telecom). FPT Corporation is the key telecommunications company in Vietnam, with more than 37,000 employees. By partnering with Team Flash, the telecommunications company aims to enhance the country's gaming infrastructure, marking a significant step in its esports endeavors.
Vietnam Telecom Towers Industry Segmentation
Telecommunication towers encompass a variety of structures, such as monopoles, tripoles, lattice towers, guyed towers, self-supporting towers, poles, masts, and other similar forms. These towers, equipped with one or more telecommunication antennas, facilitate radio communications. They can be situated on the ground or atop a building's rooftop and often include storage for equipment and electronic components.
The Vietnam telecom towers market is segmented by ownership (operator-owned, private-owned, and MNO captive sites), by installation (rooftop and ground-based), and by fuel type (renewable and non-renewable). The market size and forecasts are provided in terms of installed base (thousand units) for all the above segments.
| Ownership | Operator-owned |
| Private-owned | |
| MNO Captive sites | |
| Installation | Rooftop |
| Ground-based | |
| Fuel Type (The % Share will be provided) | Renewable |
| Non-renewable |
| Operator-owned |
| Private-owned |
| MNO Captive sites |
| Rooftop |
| Ground-based |
| Renewable |
| Non-renewable |
Vietnam Telecom Towers Market Research FAQs
How big is the Vietnam Telecom Towers Market?
The Vietnam Telecom Towers Market size is expected to reach 90.01 thousand units in 2025 and grow at a CAGR of 0.64% to reach 92.93 thousand units by 2030.
What is the current Vietnam Telecom Towers Market size?
In 2025, the Vietnam Telecom Towers Market size is expected to reach 90.01 thousand units.
Who are the key players in Vietnam Telecom Towers Market?
NetNam Corporation, Viettel Group, MobiFone Telecommunication Corporation, Vietnamobile and Vietnam Posts and Telecommunications Group are the major companies operating in the Vietnam Telecom Towers Market.
What years does this Vietnam Telecom Towers Market cover, and what was the market size in 2024?
In 2024, the Vietnam Telecom Towers Market size was estimated at 89.43 thousand units. The report covers the Vietnam Telecom Towers Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Telecom Towers Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on: December 13, 2024
Vietnam Telecom Towers Industry Report
Statistics for the 2025 Vietnam Telecom Towers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Telecom Towers analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
