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.

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Vietnam Telecom Market Size 2025-2029

The Vietnam telecom market size is forecast to increase by USD 1.32 billion, at a CAGR of 3.3% between 2024 and 2029.

The market is experiencing significant growth due to several key trends. The increasing demand for high-speed broadband connectivity is driving market growth, as more consumers and businesses rely on reliable internet access for work, education, and entertainment. Technological advancements in the telecom sector, such as 5G and IoT, are also fueling market expansion. However, the rise in network attacks and online security threats poses a challenge to market growth. 
Telecom companies must invest in cybersecurity to protect their networks and maintain customer trust. In addition, regulatory compliance and data privacy concerns continue to shape the market landscape. This next-generation technology is poised to revolutionize mobile internet use by offering high-speed broadband connections, enabling on-demand videos and multimedia services, and supporting smart cities. Overall, the market is poised for continued growth, driven by consumer demand, technological innovation, and the need for secure and reliable connectivity.

What will be the Size of the market During the Forecast Period?

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The market is experiencing significant growth and transformation with the rollout of 5G infrastructure. The penetration of smartphones and the expanding middle class continue to drive the demand for 5G services, with 5G network trials and pilot rollouts underway in various regions. The digitalization of various industries and the increasing popularity of digital services are further fueling the need for high-speed internet access and data speeds. IPTV and other digital contents are expected to benefit significantly from the widespread availability of 5G networks and their associated 5G stations. Overall, the telecom market is witnessing a shift towards providing more advanced and innovative digital services to meet the evolving needs of consumers and businesses.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Consumer
  Business


Type

  Wireless
  Wireline


Application

  Residential
  Commercial


Geography

  Vietnam

By End-user Insights

The consumer segment is estimated to witness significant growth during the forecast period. The market's consumer segment held the largest revenue share in 2024, anticipated to lead the market throughout the forecast period. The proliferation of smartphones and the Internet, with approximately 79% of Vietnam's population using the Internet in 2023, significantly boosted telecom services' growth. The increasing preference for over-the-top (OTT) and wireless Internet services, driven by the popularity of online gaming and ultra-high-definition movies, will further fuel the expansion of communication networks. The COVID-19 pandemic has further emphasized the importance of reliable network infrastructure for remote work, online learning, and entertainment, further boosting the market's growth.

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Market Dynamics

The Vietnam telecom market is evolving rapidly with the growing demand for advanced connectivity solutions and digital transformation across various sectors. The market is driven by the adoption of next-generation networks, smart city solutions, and improvements in telecom infrastructure. Next-generation networks in Vietnam are focused on enhancing the speed, reliability, and security of telecommunications, with advancements such as 5G technology paving the way for faster data speeds and more reliable connections. The deployment of fiber optic systems has been a key development, enabling high-speed broadband access for both residential and business users.

Smart city solutions are being integrated with telecom networks, bringing more efficient services to urban areas, including traffic management, energy optimization, and public safety. This is complemented by wireless connectivity advancements, which enable better access to mobile services and internet connectivity across the country. Data security protocols are increasingly critical as the telecom sector expands, ensuring safe communication and data transmission over the network. The adoption of virtual private networks (VPNs) and satellite communications is also on the rise, particularly in remote and underserved areas where traditional networks might not reach.

The integration of edge computing helps reduce latency and speeds up data processing, allowing telecom providers to better manage traffic and deliver high-performance services. Network automation i

In 2022, Viettel held a market share of approximately 56.4 percent among all terrestrial mobile-cellular service providers in Vietnam, making it the country’s leading provider of this service. Accounting for around 21 percent of the market share, Vietnam Posts and Telecommunications Group (VNPT) followed as the second-largest provider. In total, the two state-owned corporations made up approximately 77 percent of the market share in this segment. Mobile internet usage in Vietnam Vietnam has one of the highest smartphone penetration rates in the world. Due to their undeniable convenience, smartphones have become an indispensable part of the daily lives of Vietnamese people. These devices serve various purposes, from connecting people to work, study, and entertainment purposes, including watching movies, live streaming, or playing online games. Hence, the number of mobile internet users in the country has been steadily increasing since 2019. By 2028, the number of mobile internet users in Vietnam is expected to reach over 85 million, with 100 percent internet coverage throughout the country. The future of the internet landscape in Vietnam Although there is still room for improvement in Vietnam’s internet infrastructure, the country’s government has been making substantial efforts to enhance internet quality and drive digitalization. Specifically, the 2030 National Digital Transformation Program focuses on three pillars: Digital Government, Digital Economy, and Digital Society, in which the strategy of "moving to the cloud" is considered crucial in enabling businesses to thrive in the digital economy. Being one of the largest state-owned firms, Viettel has played a significant role in Vietnam’s technology sector, offering telecommunication and information technology services, manufacturing electronic and telecommunications equipment, and providing cybersecurity and digital services. In 2023, Viettel ranked first among the ten most valuable brands of Vietnam, with a brand value of approximately 8.9 billion U.S. dollars.

The Vietnam telecom market, valued at approximately $XX million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 1.21% from 2025 to 2033. This growth is driven by increasing smartphone penetration, rising data consumption fueled by the popularity of OTT services and social media, and expanding 4G/5G network coverage across the country. Furthermore, the government's initiatives to promote digitalization and the burgeoning e-commerce sector are contributing to the market's expansion. Key segments within this market include voice services (both wired and wireless), data services, and the rapidly growing OTT and PayTV segments. Competition is intense, with major players like Viettel, Vinaphone, MobiFone, VNPT, and international operators such as G-Mobile and AT&T vying for market share. The market's growth, however, faces certain restraints, including infrastructure limitations in remote areas and the need for continuous investment in network upgrades to meet the demands of increasing data traffic. The ongoing development of 5G infrastructure and the expansion of fiber optic networks are expected to alleviate some of these constraints in the coming years. The strategic partnerships between telecom providers and content providers, such as those seen in bundled OTT offerings, are also shaping market dynamics. The sustained growth in the Vietnamese telecom market is expected to create several opportunities for existing players and new entrants. Investment in network infrastructure, particularly the expansion of 5G networks, represents a significant opportunity for infrastructure providers and equipment manufacturers. The increasing demand for data services creates opportunities for value-added service providers, while the rise in OTT services opens avenues for content providers and platform developers. The ongoing shift towards digitalization in various sectors will create further demand for robust and reliable telecom services, ensuring continued growth in the market. However, providers must adapt to changing consumer preferences and technological advancements to maintain competitiveness and secure long-term success within this dynamic market. Recent developments include: 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.. Key drivers for this market are: Rising demand for 5G, Growth of IoT usage in Telecom. Potential restraints include: Reliance on High-Cost Satellite Equipment. Notable trends are: Growing demand for Wireless Services.

Vietnam Telecom Infrastructure Market was valued at USD 1.7 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.7% through 2029F.

The Vietnam Telecom Towers Market Report 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.

In 2023, the revenue of telecommunication services in Vietnam reached about 341.7 trillion Vietnamese dong, indicating an increase from the previous year. Viettel, VNPT and FPT Corporation are the leading telecom operators in the country.

Vietnam Telecom Market By Size, Share, Trends, Growth, Forecast 2028, By Type, By Service Type, By Equipment, By Deployment, By Application, By Region, Competition Forecast and Opportunities

Vietnam Telecom Market size was valued at $ 1.32 Bn in 2024 and is expected to reach $ 1.79 Bn by 2032, growing at a CAGR of 3.9% from 2026 to 2032

Vietnam's expanding e-commerce, fintech, and entertainment sectors are creating increased demand for reliable and fast telecom infrastructure.

The Vietnam telecom market, valued at $7.23 billion in 2025, is projected to experience robust growth, driven by increasing smartphone penetration, rising internet usage, and the expanding adoption of 5G technology. Key players like Viettel, VNPT Vinaphone, MobiFone, and FPT Telecom are engaged in intense competition, focusing on strategies such as network infrastructure upgrades, service diversification (including cloud computing and IoT solutions), and aggressive pricing to capture market share. The consumer segment currently dominates, but the business segment is exhibiting significant growth potential fuelled by digital transformation initiatives across various industries. While challenges exist, including infrastructure limitations in certain areas and potential regulatory hurdles, the overall market outlook remains positive. The sustained CAGR of 4.08% suggests a consistent expansion over the forecast period (2025-2033), indicating a strong investment climate and continuous growth opportunities. Government initiatives promoting digital inclusion and the development of a robust digital economy will further bolster market expansion. This includes investments in broadband infrastructure, digital literacy programs, and policies encouraging the adoption of advanced technologies. However, competition remains fierce among established players, demanding ongoing innovation and adaptation to evolving consumer preferences and technological advancements. The market’s segmentation into consumer and business end-users presents distinct growth opportunities, with businesses increasingly adopting advanced telecom solutions for enhanced operational efficiency and productivity. This necessitates targeted strategies by telecom providers to cater to the specific requirements of each segment. This dynamic interplay of growth drivers, competitive pressures, and industry trends shapes the evolving landscape of the Vietnamese telecom market.

This statistic shows the market share of telecom operators in Vietnam in 2015. In 2015, Viettel was the largest mobile network operator in Vietnam with approximately 46 percent market share of the telecoms sector.

Vietnam Telecom Network Infrastructure Market is driven by the increasing demand for high-speed connectivity, the expansion of 5G networks, and the continued evolution of broadband services.

Unlock data-backed intelligence on Vietnam Telecom Infrastructure Market, size at USD 1.6 billion in 2023, showcasing challenges and opportunities driven by industry trends.

In 2021, the total revenue of the technology and telecommunication industry in Vietnam reached over 139 billion U.S. dollars. This figure had been increasing year on year, as demonstrated by Vietnam's positive revenue growth rate of the technology and telecommunication industry.

Vietnam 5G Infrastructure Market was valued at USD 822 Million in 2024 and is expected to reach USD 2100 Million in 2030 and project robust growth in the forecast period with a CAGR of 17.1%.

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In 2023, Apple led the mobile vendor market in Vietnam with a share of nearly 34 percent. Samsung had the second-highest market share, with just over 27.1 percent of the market share.

The Vietnamese telecommunications instrument market shrank to $28M in 2024, falling by -10.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern.

Vietnam telemedicine market size reached USD 460.3 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,700.0 Million by 2033, exhibiting a growth rate (CAGR) of 19.2% during 2025-2033. The growing demand for remote healthcare services and the continuous advancements in telecommunication infrastructures are primarily catalyzing the market growth.

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Vietnam Managed Wi-Fi Solutions Market was valued at USD 225.01 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 14.42% through 2029.