Vietnam Telecom Market Report and Forecast 2025-2034

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.

Vietnam Telecom Market Outlook

• According to the Ministry of Information and Communications in Vietnam, the country had approximately 127.207 million mobile subscribers as of September 2022.
• Reportedly, 78.8 million 5G subscriptions will be active in Vietnam by 2033, or an 80% penetration rate.
• To establish itself as a leader in next-generation connectivity, Vietnamese telecom company Viettel, which is owned by the military, intends to broadcast at least 1,000 5G stations by 2024.

Vietnam Telecom Market Growth

According to estimates from the National Institute of Information and Communications Strategy, Vietnam's GDP growth in 2025 is expected to be boosted by approximately 7.34 per cent due to 5G services. By the end of this decade, the Vietnamese government aims to have 99% of its population able to access 5G mobile broadband networks. In 2024, the government released a digital infrastructure plan that will last until 2030. By 2025, it also intends to install two to four more international subsea fibre-optic cables. Additionally, there has been a spike in both domestic and foreign investments in the telecom sector because of the country's advantageous geopolitical location and business climate.

The rapid increase in data usage due to smartphones, streaming services, social media, and online gaming is a significant factor aiding the market expansion. Both consumers and businesses require quicker and more dependable internet connections. Companies in every sector are embracing digital transformation, intensifying their dependence on telecom services for cloud computing, remote work, video conferencing, and other digital communications.

In several end-use sectors, including telecommunications, the proliferation of IoT devices is a direct result of the growing demand for 5G networks. Wider coverage and lower latency are two benefits of the emergence of 5G standalone (5G SA) networks, which improve user experience.

Vietnam Telecom Industry Segmentation

“Vietnam Telecom Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments

Market Breakup by Service:

• Fixed Voice Services
• Fixed Internet Access Services
• Mobile Voice Services
• Mobile Data Services
• Pay-TV Services
• Machine-to-Machine (Mobile IoT) Services

Market Breakup by Transmission:

• Wireline
• Wireless

Market Breakup by Region:

• Southeast
• Red River Delta
• Mekong River Delta
• South Central Coast
• Others

Vietnam Telecom Market Share

Based on transmission, the market is segmented into wireline and wireless. The wireline segment is projected to grow at a CAGR of 2.4% during the forecast period of 2025-2034. In the telecommunications sector, wireline transmission refers to the use of physical cables for data, voice, and video transmission. It includes different technologies and infrastructures, including coaxial, fibre optic, and copper cables.

Leading Companies in the Vietnam Telecom Market

Major players are focusing on the adoption of cutting-edge technologies and sustainable market practices to gain a competitive edge in the market.

• Viettel Group
• VNPT VinaPhone
• MobiFone Telecommunications Corporation
• FPT Telecom JSC
• Vietnamobile
• Others

Vietnam Telecom Market Report Snapshots

Vietnam Telecom Market Size

Vietnam Telecom Market Growth

Vietnam Telecom Market Share

Vietnam Telecom Companies