The Vietnam Telecom MNO Market is Segmented by Service Type (Voice Services, Data and Internet Services, Messaging Services, Iot and M2M Services, OTT and PayTV Services, Other Services), End User (Enterprises, Consumers). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Subscribers).

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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, driven by the surging demand for broadband services and technological advancements in the telecommunications sector. The increasing number of internet users and the government's efforts to expand digital infrastructure are fueling the expansion of this market. However, this growth is not without challenges. Cybersecurity threats, including network attacks, are becoming more frequent and sophisticated, posing a significant risk to both service providers and consumers. Companies must invest in robust security measures to protect their networks and customer data. Additionally, the rapid pace of technological innovation requires continuous investment and adaptation to remain competitive. To capitalize on the market's opportunities and navigate these challenges effectively, telecom companies in Vietnam must prioritize innovation, invest in cybersecurity, and maintain a customer-centric approach.

What will be the size of the Vietnam Telecom Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleIn the dynamic telecom market, revenue generation models continue to evolve, with green telecom gaining traction as service providers prioritize energy efficiency and sustainable development. The telecom skills gap poses a challenge, necessitating strategic partnerships to bridge the gap and enhance network infrastructure investment. Subscription plans and competition analysis play crucial roles in customer acquisition cost management. Future trends include network densification, emerging technologies, and technological innovation, which require careful risk mitigation and network rollout strategy planning. Interconnect agreements and 5G use cases offer investment opportunities, while digital literacy and consumer behavior shape pricing strategies. Government policy and industry standards influence market penetration, and international roaming remains a significant consideration. Telecom infrastructure investment and technological adoption rates are key indicators of market health, with energy efficiency and technological innovation driving progress.

How is this market segmented?

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-userConsumerBusinessTypeWirelessWirelineApplicationResidentialCommercialGeographyAPACVietnam

By End-user Insights

The consumer segment is estimated to witness significant growth during the forecast period.

In Vietnam's telecom market, the consumer segment dominated revenue generation in 2024, expected to lead through the forecast period. The proliferation of smartphones, with over 79% of Vietnam's population using the Internet in 2023 (World Bank), significantly fueled telecom services growth. OTT applications' increasing popularity drives customers towards wireless Internet services, further accelerating communication network implementation. Additionally, the rising trend of online gaming and ultra-high-definition movie streaming is anticipated to boost consumer segment growth. The Internet of Things (IoT) devices and unified communications are transforming the business landscape, with fiber optics playing a crucial role in enhancing network efficiency. Spectrum allocation and 5G NR are essential for supporting advanced technologies like data analytics, artificial intelligence, and machine learning. Churn rate management and network security are critical concerns for telecom providers, necessitating robust billing systems and network equipment. Smart cities and network optimization require extensive telecommunication infrastructure, including fiber optics, satellite communication, and wireless communication. Broadband access, network performance, and network slicing are essential for delivering high-quality services. Edge computing, fixed-line telephony, and smart home solutions cater to the evolving consumer needs. Data centers, cloud computing, and software-defined networking are integral to digital transformation, enabling network management, network virtualization, and capacity planning. Data protection, network security, and network optimization are essential for maintaining customer satisfaction and trust. In the rapidly evolving telecom market, network management, open RAN, and network optimization are key trends. Frequency bands, optical transceivers, and mobile handsets are essential components of the telecommunication infrastructure. Mobile broadband, network slicing, base stations, and switching systems are vital for de

In 2022, Viettel held a market share of approximately **** percent among all terrestrial mobile-cellular service providers in Vietnam, making it the country’s leading provider of this service. Accounting for around ** 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 ** 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 ** 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 *** billion U.S. dollars.

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 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.

Market Size & Forecast

• Market Size in 2024: USD 6.50 Billion
• Projected Market Size in 2034: USD 7.62 Billion
• CAGR from 2025 to 2034: 1.60%

The Vietnam Telecom Towers Market Report is Segmented by Ownership (Operator-Owned, Independent TowerCo, and More), Installation (Rooftop, Ground-Based), Fuel Type (Renewable-Powered, Grid/Diesel Hybrid), and Tower Type (Monopole, Lattice, Guyed, Stealth/Concealed). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Installed Base).

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 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 2032Vietnam's expanding e-commerce, fintech, and entertainment sectors are creating increased demand for reliable and fast telecom infrastructure.

The Vietnam telecom market, exhibiting a CAGR of 1.21%, presents a dynamic landscape shaped by robust growth drivers and persistent challenges. The market size in 2025 is estimated at $X billion (assuming a logical estimation based on the available 2019-2024 data and a 1.21% CAGR; the exact figure requires the missing market size data). Key drivers include increasing smartphone penetration, rising data consumption fueled by the popularity of social media and streaming services, and government initiatives promoting digitalization. The expansion of 4G and the ongoing rollout of 5G networks are further catalysts for market expansion. However, the market faces constraints such as infrastructure limitations in remote areas, competition among established players like Viettel, Vinaphone, MobiFone, and emerging players, and the need for continuous investment in network upgrades to meet growing demand. Segmentation within the market is likely diverse, including mobile voice, mobile data, fixed-line services, and broadband internet access. The dominance of large state-owned enterprises like Viettel and Vietnam Posts and Telecommunications Group is noteworthy, but the presence of international players like AT&T and smaller domestic companies highlights the competitive nature of the sector. The forecast period (2025-2033) is expected to witness continued growth, albeit at a potentially fluctuating rate influenced by macroeconomic factors and technological advancements. The market will likely see increased focus on enhancing customer experience through value-added services, personalized offerings, and improving network reliability. Furthermore, investment in innovative technologies like IoT and cloud computing will be critical for market participants to remain competitive and capitalize on emerging opportunities. The anticipated growth underscores the Vietnam telecom market's attractiveness for both domestic and foreign investors, although the challenges necessitate a strategic approach to navigating the competitive environment and regulatory landscape. A deeper analysis of regional variations in market penetration and infrastructure development will be crucial for optimizing investment strategies and future growth projections. 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: Rising demand for 5G, Growth of IoT usage in Telecom. Notable trends are: Growing demand for Wireless Services.

The Vietnam Telecom report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.

The size of the Vietnam Telecom Towers Market market was valued at USD XX Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of 0.64% during the forecast period. Recent developments include: July 2024: MobiFone became the third network operator in Vietnam to secure access to the 5G spectrum. This milestone enabled the company to accelerate its nationwide 5G service rollout this year. MobiFone is focusing on enhancing its services in major urban centers, airports, popular tourist spots, and industrial zones.May 2024: During a briefing by the Ministry of Information and Communications, VNPT Group received a license to set up a network and offer terrestrial mobile services using 5G technology. Armed with this license, VNPT Group is poised to launch 5G services nationwide. The emphasis will be on upgrading the 5G network infrastructure to elevate user experience, guaranteeing high speeds, expansive capacity, and reduced latency, all while maximizing state investment efficiency and enhancing business productivity.January 2024: Orkid, a key player in the Generative AI SaaS domain, enables organizations to leverage and profit from their data. In a recent move, Orkid entered into a strategic alliance with TPComs, a major ICT service provider based in Vietnam. With a robust telecom infrastructure, TPComs provides a comprehensive suite of IT solutions. Their well-connected and professional team excels in meeting customer demands, ensuring the delivery of innovative, high-quality solutions across Vietnam.January 2024: Singapore and Vietnam-based esports organization Team Flash inked a partnership deal with Vietnamese telecommunications company FPT Corporation (FPT Telecom). FPT Corporation is the key telecommunications company in Vietnam, with more than 37,000 employees. By partnering with Team Flash, the telecommunications company aims to enhance the country's gaming infrastructure, marking a significant step in its esports endeavors.. Key drivers for this market are: Connecting/Improving Connectivity to Rural Areas, Improving and Catering to Increasing Data Needs. Potential restraints include: Connecting/Improving Connectivity to Rural Areas, Improving and Catering to Increasing Data Needs. Notable trends are: MNO Captive Sites Augment the Market's Growth.

In 2023, the revenue of telecommunication services in Vietnam reached about ***** 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 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 Market size at USD 7 billion in 2023, featuring industry analysis and key player segmentation.

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 ** percent market share of the telecoms sector.

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.

Vietnam Telecom Millimeter Wave (MMW) Technology Market valued at USD 1.1 Bn, driven by 5G expansion and high-speed internet demand, with Northern Vietnam holding 40% share.

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%.

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.

Vietnam Data Center Networking Market is Segmented by Component (Product and Services), End User( IT and Telecommunications, Banking, Financial Services and Insurance (BFSI), Government and Defense and More), Data Center Type (Colocation, Hyperscalers/Cloud Service Providers, Edge/Micro Data Centers), by Bandwidth (≤10 GbE, 25–40 GbE and More). The Market Forecasts are Provided in Terms of Value (USD).