
Vietnam Telecom Market Report and Forecast 2025-2034
Description
The Vietnam telecom market was valued at USD 6.50 Billion in 2024. The industry is expected to grow at a CAGR of 1.60% during the forecast period of 2025-2034 to attain a valuation of USD 7.62 Billion by 2034.
Vietnam Telecom Market Outlook
According to the Ministry of Information and Communications in Vietnam, the country had approximately 127.207 million mobile subscribers as of September 2022.
Reportedly, 78.8 million 5G subscriptions will be active in Vietnam by 2033, or an 80% penetration rate.
To establish itself as a leader in next-generation connectivity, Vietnamese telecom company Viettel, which is owned by the military, intends to broadcast at least 1,000 5G stations by 2024.
Vietnam Telecom Market Growth
According to estimates from the National Institute of Information and Communications Strategy, Vietnam's GDP growth in 2025 is expected to be boosted by approximately 7.34 per cent due to 5G services. By the end of this decade, the Vietnamese government aims to have 99% of its population able to access 5G mobile broadband networks. In 2024, the government released a digital infrastructure plan that will last until 2030. By 2025, it also intends to install two to four more international subsea fibre-optic cables. Additionally, there has been a spike in both domestic and foreign investments in the telecom sector because of the country's advantageous geopolitical location and business climate.
The rapid increase in data usage due to smartphones, streaming services, social media, and online gaming is a significant factor aiding the market expansion. Both consumers and businesses require quicker and more dependable internet connections. Companies in every sector are embracing digital transformation, intensifying their dependence on telecom services for cloud computing, remote work, video conferencing, and other digital communications.
In several end-use sectors, including telecommunications, the proliferation of IoT devices is a direct result of the growing demand for 5G networks. Wider coverage and lower latency are two benefits of the emergence of 5G standalone (5G SA) networks, which improve user experience.
Vietnam Telecom Industry Segmentation
“Vietnam Telecom Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments
Market Breakup by Service:
Fixed Voice Services
Fixed Internet Access Services
Mobile Voice Services
Mobile Data Services
Pay-TV Services
Machine-to-Machine (Mobile IoT) Services
Market Breakup by Transmission:
Wireline
Wireless
Market Breakup by Region:
Southeast
Red River Delta
Mekong River Delta
South Central Coast
Others
Vietnam Telecom Market Share
Based on transmission, the market is segmented into wireline and wireless. The wireline segment is projected to grow at a CAGR of 2.4% during the forecast period of 2025-2034. In the telecommunications sector, wireline transmission refers to the use of physical cables for data, voice, and video transmission. It includes different technologies and infrastructures, including coaxial, fibre optic, and copper cables.
Leading Companies in the Vietnam Telecom Market
Major players are focusing on the adoption of cutting-edge technologies and sustainable market practices to gain a competitive edge in the market.
Viettel Group
VNPT VinaPhone
MobiFone Telecommunications Corporation
FPT Telecom JSC
Vietnamobile
Others
Vietnam Telecom Market Report Snapshots
Vietnam Telecom Market Size
Vietnam Telecom Market Growth
Vietnam Telecom Market Share
Vietnam Telecom Companies
Vietnam Telecom Market Outlook
According to the Ministry of Information and Communications in Vietnam, the country had approximately 127.207 million mobile subscribers as of September 2022.
Reportedly, 78.8 million 5G subscriptions will be active in Vietnam by 2033, or an 80% penetration rate.
To establish itself as a leader in next-generation connectivity, Vietnamese telecom company Viettel, which is owned by the military, intends to broadcast at least 1,000 5G stations by 2024.
Vietnam Telecom Market Growth
According to estimates from the National Institute of Information and Communications Strategy, Vietnam's GDP growth in 2025 is expected to be boosted by approximately 7.34 per cent due to 5G services. By the end of this decade, the Vietnamese government aims to have 99% of its population able to access 5G mobile broadband networks. In 2024, the government released a digital infrastructure plan that will last until 2030. By 2025, it also intends to install two to four more international subsea fibre-optic cables. Additionally, there has been a spike in both domestic and foreign investments in the telecom sector because of the country's advantageous geopolitical location and business climate.
The rapid increase in data usage due to smartphones, streaming services, social media, and online gaming is a significant factor aiding the market expansion. Both consumers and businesses require quicker and more dependable internet connections. Companies in every sector are embracing digital transformation, intensifying their dependence on telecom services for cloud computing, remote work, video conferencing, and other digital communications.
In several end-use sectors, including telecommunications, the proliferation of IoT devices is a direct result of the growing demand for 5G networks. Wider coverage and lower latency are two benefits of the emergence of 5G standalone (5G SA) networks, which improve user experience.
Vietnam Telecom Industry Segmentation
“Vietnam Telecom Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments
Market Breakup by Service:
Fixed Voice Services
Fixed Internet Access Services
Mobile Voice Services
Mobile Data Services
Pay-TV Services
Machine-to-Machine (Mobile IoT) Services
Market Breakup by Transmission:
Wireline
Wireless
Market Breakup by Region:
Southeast
Red River Delta
Mekong River Delta
South Central Coast
Others
Vietnam Telecom Market Share
Based on transmission, the market is segmented into wireline and wireless. The wireline segment is projected to grow at a CAGR of 2.4% during the forecast period of 2025-2034. In the telecommunications sector, wireline transmission refers to the use of physical cables for data, voice, and video transmission. It includes different technologies and infrastructures, including coaxial, fibre optic, and copper cables.
Leading Companies in the Vietnam Telecom Market
Major players are focusing on the adoption of cutting-edge technologies and sustainable market practices to gain a competitive edge in the market.
Viettel Group
VNPT VinaPhone
MobiFone Telecommunications Corporation
FPT Telecom JSC
Vietnamobile
Others
Vietnam Telecom Market Report Snapshots
Vietnam Telecom Market Size
Vietnam Telecom Market Growth
Vietnam Telecom Market Share
Vietnam Telecom Companies
Table of Contents
125 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Telecom Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Telecom Historical Market (2018-2024)
- 5.3 Asia Pacific Telecom Market Forecast (2025-2034)
- 6 Vietnam Telecom Market Overview
- 6.1 Key Industry Highlights
- 6.2 Vietnam Telecom Historical Market (2018-2024)
- 6.3 Vietnam Telecom Market Forecast (2025-2034)
- 7 Vietnam Telecom Market by Service
- 7.1 Fixed Voice Services
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Fixed Internet Access Services
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Mobile Voice Services
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Mobile Data Services
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Pay-TV Services
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Machine-to-Machine (Mobile IoT) Services
- 7.6.1 Historical Trend (2018-2024)
- 7.6.2 Forecast Trend (2025-2034)
- 8 Vietnam Telecom Market by Transmission
- 8.1 Wireline
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Wireless
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Vietnam Telecom Market by Region
- 9.1 Southeast
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Red River Delta
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mekong River Delta
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 South Central Coast
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 Viettel Group
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 VNPT VinaPhone
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 MobiFone Telecommunications Corporation
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 FPT Telecom JSC
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Vietnamobile
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Others
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