Vietnam Telecom Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

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 & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Vietnam Telecom Market Size

Vietnam Telecom Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 1.21 %
Market Concentration Medium

Major Players

Vietnam Telecom Market  Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Vietnam Telecom Market with other markets in Technology, Media and Telecom Industry

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Vietnam Telecom Market Analysis

The Vietnam Telecom Market is expected to register a CAGR of 1.21% during the forecast period.

  • 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 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

  6. *Disclaimer: Major Players sorted in no particular order
Vietnam Telecom Market Concentration
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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. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Ecosystem Analysis
  • 4.3 Industry Attractiveness- Porter's Five Force Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Assessment of the Impact of COVID-19 on the Industry Ecosystem
  • 4.5 Regulatory Landscape in the Vietnam

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rising demand for 5G
    • 5.1.2 Growth of IoT usage in Telecom
  • 5.2 Market Restrain
    • 5.2.1 The emergence of stiff competition is a concern for the industry
  • 5.3 Analysis of the Market based on Connectivity (Coverage to include In-depth Trend Analysis)
    • 5.3.1 Fixed Network
    • 5.3.1.1 Broadband (Cable modem, wireline-fiber, wireline DSL, fixed Wi-Fi ), Trends regarding ADSL/VDSL, FTTP/B, cable modem, FWA, and 5G FWA )
    • 5.3.1.2 Narrowband
    • 5.3.2 Mobile Network
    • 5.3.2.1 Smartphone and mobile penetration
    • 5.3.2.2 Mobile Broadband
    • 5.3.2.3 2G, 3G, 4G and 5G connections
    • 5.3.2.4 Smart Home IoT and M2M connections
  • 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)

6. MARKET SEGMENTATION

  • 6.1 By Services
    • 6.1.1 Voice Services
    • 6.1.1.1 Wired
    • 6.1.1.2 Wireless
    • 6.1.2 Data and Messaging Services (Coverage to include Internet & Handset Data packages, and Package Discounts)
    • 6.1.3 OTT and PayTV Services

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Vietnamobile
    • 7.1.2 Viettel
    • 7.1.3 EVNTelecom
    • 7.1.4 AT&T
    • 7.1.5 MobiFone
    • 7.1.6 Vinaphone
    • 7.1.7 Vietnam Posts and Telecommunications Group
    • 7.1.8 Saigon Post and Telecommunications Services Corporation
    • 7.1.9 G-Mobile
    • 7.1.10 Gtel
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

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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 Wired
Wireless
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 Research FAQs

What is the current Vietnam Telecom Market size?

The Vietnam Telecom Market is projected to register a CAGR of 1.21% during the forecast period (2025-2030)

Who are the key players in Vietnam Telecom Market?

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

What years does this Vietnam Telecom Market cover?

The report covers the Vietnam Telecom Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Telecom Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vietnam Telecom Industry Report

Statistics for the 2025 Vietnam Telecom market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Telecom 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.