Market Size of Vietnam Telecom Towers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 89.44 Thousand units |
| Market Volume (2029) | 92.33 Thousand units |
| CAGR (2024 - 2029) | 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 89.44 Thousand units in 2024 to 92.33 Thousand units by 2029, at a CAGR of 0.64% during the forecast period (2024-2029).
- 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.
