Vietnam Telecom Market Dynamics 2028: Key Trends, Top Players, and Forecast

According to the TechSci Research report, “Vietnam Telecom Market - By Region, Competition, Forecast & Opportunities, 2028,” The growing population and increasing adoption of mobile phone services are driving the expansion of the telecom market in Vietnam. Government initiatives aimed at advancing the digital economy and facilitating the fourth industrial revolution are also expected to boost market growth.

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Rising demand for high-speed connectivity and substantial investments in 5G infrastructure are key factors propelling the telecom market in Vietnam. For example, in 2022, Viettel and Samsung Electronics collaborated to launch 5G commercial testing in Da Nang, enabling access to high-performance 5G services. The government plans to upgrade its network from 3G and 4G to 5G as part of the National Digital Transformation Program, with a focus on advanced technologies like 6G wireless communications.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the “Vietnam Telecom Market.”

The expansion of the Vietnamese telecom market is driven by increased mobile phone adoption, improved communication services, and population growth. Regulatory bodies play a crucial role in facilitating 5G network deployment, with the government aiming to enhance network coverage. The Ministry of Information and Communications (MIC) has committed to completing the installation of 5G stations with speeds of 900 Mbps for downloads and 60 Mbps for uploads using open radio access network (ORAN) technology.

According to a GroupM Vietnam survey, YouTube leads in rural OTT streaming services with a 40% market share, followed by FPT Play at 27%. This suggests a decline in Pay-TV service revenue over the next five years due to the growing competition from OTT providers and a decrease in DTH subscribers.

The Vietnam telecom market is segmented by type, service type, equipment, deployment, application, and region. Key segments include wireless and wired telecommunication carriers, communication hardware, satellite services, and telecom resellers. Service types include managed data centers, network services, data and information services, mobility services, communications services, and security services. Equipment segments cover networking equipment, transmitting devices, and end-point devices. The market is also divided into on-premises and cloud deployments, and household and commercial applications.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the “Vietnam Telecom Market.”

The demand for over-the-top (OTT) services is expected to increase as more people use mobile devices. For example, DatVietVAC's VieON video-on-demand service highlights the growth potential for the Vietnam OTT services market. Service providers are focusing on research and development to meet customer demands for improved efficiency and advanced technologies, which is expected to further drive market growth.

Key market players in the Vietnam Telecom Market include:

• AT&T
• EVNTelecom
• Viettel Group
• Vietnam Mobile Telecom Services
• Vinaphone
• Vietnam Posts and Telecommunications Group
• GTel Mobile JSC
• FPT Corporation
• NamVietNet Telecommunication Service Joint Stock Company
• Saigon Post and Telecommunications Services Corporation

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“Upcoming plans for developing smart cities, start-ups, and the National Innovation Network Program, using advanced technologies, such as the IoT, are expected to contribute significantly to the Vietnam telecom market. The development of smart cities in Vietnam, such as Dragon Smart City in the central coastal city of Da Nang, BRG Smart City in Hanoi, and Ecopark Smart City in the northern province of Hung Yen, with increased convenience, safety, and availability of integrated services to residents is expected to propel the country’s economy. The government is encouraging foreign investments to upgrade the 5G network and provide equipment and infrastructure for value-added services. Foreign exporters are also encouraged to partner with established network operators to offer 3G,4G, and 5G internet services,” said Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm.

Vietnam Telecom Market –By Type (Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communication Hardware, Satellite, Telecommunication Resellers), By Service Type (Managed Data Centre, Managed Network Services, Managed Data & Information Services, Managed Mobility Services, Managed Communications Services, Managed Security Services), By Equipment (Networking Equipment, Transmitting Device, End Point Device), By Deployment (On-Premises, Cloud), By Application (Household, Commercial), By Region, Competition, Forecast & Opportunities, 2028 has evaluated the future growth potential of Vietnam Telecom Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Vietnam Telecom Market.

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