Vietnamese Telecommunications Industry: A Booming Landscape of Innovation and Growth


Idem Est Research & Advisory

23 August 2023, 16:00 AEST

Vietnam Telecom Industry Market Report forecasts 166m mobile and fixed broadband subscribers by 2030


Key Highlights from the Vietnam Telecoms Industry Report:

The telecommunications market in Vietnam is experiencing a period of rapid growth, presenting a plethora of exciting opportunities for both local and foreign investors. Amidst a competitive environment and a positive economic outlook, the industry is poised to harness substantial potential for expansion and innovation.

A Thriving Market with High Growth Potential

With an anticipated average GDP growth rate of 10% between 2023 and 2030, the Vietnamese telecommunications sector stands as a beacon of economic prosperity representing over USD15 billion in revenue. The market’s robust mobile phone penetration coupled with the burgeoning uptake of fixed broadband services in households underpin its resilience in the face of challenges such as an aging population.

Key Developments and Projections

Leading industry analysts at Idem Est Research have projected a sustained growth trajectory for the telecommunications sector. Over the 2023-2030 period, mobile subscriptions are expected to grow (+1.1%), accompanied by a significant increase in fixed broadband subscribers (+3.4%) and household penetration. The sector’s transformation from legacy 2G and 3G to 4G mobile data services has contributed to the acceleration of mobile revenue while the country awaits commercial launches of 5G services.

Infrastructural Investments and Consolidation Trends

Infrastructure investments are flourishing, with a significant focus on mobile towers, data centres, submarine cables, and fibre networks. Major players such as Viettel, Vinaphone, and FPT are at the forefront of this trend, leveraging full-fibre networks to provide cutting-edge services like IPTV and e-commerce. As the market matures, consolidation is likely to occur in the medium term, with companies seeking to enhance their scale and competitiveness through strategic mergers and collaborations.

Government Initiatives and Private Investment

The Vietnamese government’s central role in the telecommunications industry is evident, with dominant players controlling over 90% of the market. With the government’s plans to reduce its stake in major players like VNPT and Mobifone, the door is opening for private investments, thereby should be ushering in a new era of transparency and accountability. 

The government’s biggest priority should be to further allocate spectrum in the 700MHz, 2600MHz, and 3500Mhz bands and allow market consolidation of sub-scale government fixed and mobile operators.

“Idem Est Research forecasts that mobile subscribers will reach 138 million by 2030, while the fixed broadband market will continue to increase fibre penetration into more households, with over 90% already using FTTH. The telecommunications industry is expected to maintain revenue growth momentum, with an average growth rate of 2.6% from 2023 to 2030,” says Landry Fevre, Director of Idem Est Research & Advisory.

The Vietnam Telecoms Industry Report by Idem Est Research provides comprehensive insights into the current market landscape, future projections, and key factors shaping the industry. For more details, access the full report on the Idem Est Research website.

Idem Est Research and Advisory’s report on the Vietnamese telecom market serves as a valuable resource for industry stakeholders, investors, and policymakers looking to gain a comprehensive understanding of the sector. The analysis highlights the immense potential and opportunities for both local and international players to contribute to the development and innovation of the telecommunications industry in Vietnam.


CMC, FPT, Gmobile, Hanoi Telecom, Hutchison Asia Telecom, Mobifone, OCK, Saigon Post, Viettel, Vietnamobile, Vinaphone, VNPTL

Download the full report:

About Idem Est Research Advisory
Idem Est Research and Advisory is a boutique telecommunications and digital infrastructure market research and advisory. Idem Est Research provides leading telecoms research helping our clients stay updated on the latest telecoms sector and digital infrastructure developments. The reports provide analyses of mobile and broadband markets, capital expenditure, forecasts, key telecom trends and thematic such as 5G and telecoms digital infrastructure, as well as other statistics of the telco industry.

Our independent approach allows us to place the trends and drivers fully into context and analyse the industry from different, unbiased perspectives. Alongside the facts and figures, Idem Est Research draws on three decades of experience to provide incisive commentary and analysis. This brings visibility to the business drivers, challenges, decision-making and future direction of the telecoms sector.
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Contact Information:
For media inquiries, please contact:
Landry Fevre

SOURCE: Idem Est Research & Advisory

This release was published on openPR

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