Press Release

Vietnam Telecom Infrastructure Market is increased due to investment in digital transformation with CAGR of 4.7% in 2023

The Vietnam Telecom Infrastructure Market is rising due to increased investment in digital transformation and expanding 5G network deployment during the forecast period 2025-2029F

 

According to TechSci Research report, “Vietnam Telecom Infrastructure Market - United States Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029F, The Vietnam telecom infrastructure market is bolstered by robust support and proactive policy initiatives from the Vietnamese government. Recognizing the critical role of telecommunications in national development and economic growth, the government has implemented a range of policies to foster a conducive environment for telecom infrastructure expansion. The "National Digital Transformation Program by 2025, with Orientations Toward 2030," launched in 2020, outlines clear goals for digital infrastructure development, including widespread 5G deployment and enhanced fiber-optic connectivity across both urban and rural areas. These initiatives aim to propel Vietnam into the ranks of high-income countries by leveraging digital technologies.

The government has streamlined regulations and provided incentives to attract foreign investments in the telecom sector. Measures such as reducing the corporate income tax rate for high-tech projects and offering land incentives have been pivotal in attracting global telecom giants to invest in Vietnam. This influx of investment is crucial for upgrading and expanding the telecom infrastructure, enabling better service provision and boosting overall economic development. The alignment of government policies with industry needs ensures a steady flow of resources and support, facilitating rapid advancements in telecom infrastructure.

Vietnam telecom infrastructure market faces significant challenges due to regulatory and bureaucratic hurdles. The complex and often opaque regulatory framework can deter both domestic and international investors. Navigating through the myriad of overlapping or contradictory regulations poses a considerable challenge. Bureaucratic inertia often characterizes interactions with government bodies, making the process of obtaining necessary permits and approvals for new infrastructure projects protracted and cumbersome. Inconsistencies in policy implementation at various administrative levels create uncertainty and risk for investors, with different provinces having varied interpretations and enforcement of national regulations. This fragmentation complicates large-scale infrastructure deployments.

Limited transparency in the allocation of spectrum licenses and other critical resources exacerbates the difficulties faced by telecom companies. The slow pace of regulatory reforms and persistent bureaucratic red tape delay the deployment of new technologies and escalate the cost of infrastructure projects. This underscores the need for more streamlined and transparent regulatory processes to ensure the telecom infrastructure market can fully contribute to Vietnam's digital economy.

 

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The Central Vietnam region is emerging as the fastest-growing area in the Vietnam telecom infrastructure market due to a confluence of strategic geographical advantages, economic policies, and targeted developmental initiatives. Central Vietnam's geographical location positions it as a vital link between the northern and southern parts of the country, facilitating the seamless flow of information and communication services. This centrality makes it an attractive region for infrastructure development as it can serve as a pivotal hub for telecom networks, enhancing connectivity across the nation. Cities like Da Nang, Hue, and Quang Ngai are rapidly developing into economic and industrial centers, spurring demand for advanced telecom services to support business operations, urban management, and an increasingly digital lifestyle for residents. A key driver behind the region's rapid growth is the government's focused investment and infrastructure development plans tailored to elevate Central Vietnam’s economic profile. The region has been a beneficiary of significant public and private sector investments aimed at boosting its infrastructure, including the telecom sector. The government's "Master Plan on Development of ICT Infrastructure in Vietnam" explicitly targets underdeveloped regions like Central Vietnam to bridge the digital divide. This plan involves substantial investments in expanding broadband and 5G networks, thereby accelerating the telecom infrastructure development in this region. Special economic zones and technology parks established in Central Vietnam offer incentives and a favorable business environment for telecom companies to set up operations, driving the regional infrastructure growth further.

Central Vietnam has witnessed a substantial influx of foreign direct investment (FDI) which has been instrumental in bolstering telecom infrastructure. International investors are drawn to the region’s potential, seeing opportunities in its growing urbanization and industrialization. These investments are crucial in deploying cutting-edge technologies and upgrading existing telecom infrastructure to meet international standards. Companies from countries with advanced telecom capabilities have partnered with local firms, bringing in expertise, technology, and capital which collectively fuel the rapid development of the telecom sector. The region's focus on smart city initiatives and digital transformation projects also contributes significantly to its telecom infrastructure growth. Cities like Da Nang are pioneering smart city projects that require robust and sophisticated telecom networks to support services such as e-governance, intelligent transportation systems, and IoT-based urban solutions. These projects demand high-speed internet and reliable connectivity, prompting accelerated development and modernization of telecom infrastructure. The educational institutions and technology training centers in Central Vietnam are producing a skilled workforce adept in ICT, which supports the region's telecom industry. This skilled labor pool is essential for the maintenance and expansion of sophisticated telecom networks, ensuring sustainable growth.

Based on Type of Service Insights, The mobile service segment dominated the Vietnam Telecom Infrastructure Market and is expected to maintain its dominance during the forecast period. Mobile service infrastructure comprises networks, towers, antennas, and supporting technologies required to deliver wireless communication services to mobile devices such as smartphones, tablets, and IoT devices. This dominance can be attributed to several factors. Vietnam has experienced rapid mobile adoption and penetration rates, driven by the affordability and accessibility of mobile devices and services. Mobile phones have become ubiquitous tools for communication, internet access, and digital services, particularly in rural and underserved areas where fixed-line infrastructure may be limited. The rollout of advanced mobile technologies such as 4G LTE and the early deployment of 5G networks have further accelerated the growth of mobile services, offering faster data speeds, improved network coverage, and enhanced user experiences. The mobile service segment benefits from the dynamic nature of consumer demand, with users increasingly relying on mobile data for a wide range of activities such as social media, streaming video, mobile banking, and e-commerce. Telecom operators in Vietnam have responded to this trend by investing heavily in expanding and upgrading their mobile networks, deploying additional base stations, and optimizing network capacity to meet the growing demand for mobile data services. As a result, the mobile service segment is expected to maintain its dominance in the Vietnam Telecom Infrastructure Market, driven by ongoing investments in 5G deployment, network densification, and the continued evolution of mobile technologies to support emerging use cases such as IoT, smart cities, and Industry 4.0 applications. Initiatives to improve rural connectivity and bridge the digital divide through mobile broadband expansion will further bolster the dominance of the mobile service segment in the Vietnam Telecom Infrastructure Market during the forecast period.

 

Key market players in the Vietnam Telecom Infrastructure market are:-

  • Huawei Technologies Co., Ltd.
  • Nokia Corporation
  • Ericsson AB
  • Cisco Systems, Inc.
  • ZTE Corporation
  • Samsung Electronics Co., Ltd.
  • NEC Corporation
  • Fujitsu Limited
  • Ciena Corporation
  • Corning Incorporated

 

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“The Vietnam Telecom Infrastructure Market is witnessing substantial growth fueled by strong government policies on digital transformation, significant foreign investment, and rising demand for advanced communication services. Government initiatives like the "National Digital Transformation Program" are focused on enhancing nationwide connectivity and deploying 5G networks. Furthermore, economic growth, urbanization, and the expansion of smart city projects are driving the need for improved telecom infrastructure, accelerating market expansion. These factors collectively drive the growth of Vietnam's telecom infrastructure market.Top of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based United States management consulting firm.

Vietnam Telecom Infrastructure Market By Type of Service (Mobile Service and Fixed-line Service), By Type of Equipment (Networking Equipment, Transmitting Device and End Point Device), By Region, By Competition, 2019-2029F,” has evaluated the future growth potential of Vietnam Telecom Infrastructure Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Telecom Infrastructure Market.

 

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Vietnam Telecom Infrastructure Market By Type of Service (Mobile Service and Fixed-line Service), By Type of Equipment (Networking Equipment, Transmitting Device and End Point Device), By Region, By Competition 2019 – 2029F

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The Vietnam Telecom Infrastructure Market is rising due to increased investment in digital transformation and expanding 5G network deployment during the forecast period 2025-2029F.

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