Vietnam Telecom Market is anticipated to grow at a
high CAGR during the forecast period, owing to the rising demand for high-speed
internet connectivity and increasing smartphone penetration in the country.
Telecommunications, also referred to as telecom, is
the electronic transfer of information over great distances, including voice,
data, and video. This is a broad phrase that covers a variety of
information-transmitting technologies and communications infrastructures,
including telegraphs, wired phones, mobile phones, satellites, microwave
communications, fiber optics, and radio and television broadcasts.
Two stations, each with a transmitter and a receiver,
make up a full, single communications circuit. Any station's transmitter and
receiver could be combined into a single gadget known as a transceiver.
Electrical wire or cable, commonly known as copper, optical fiber,
electromagnetic fields, or light can be used as the signal transmission medium.
Rising Demand for OTT Services
According to the GroupM Vietnam survey, in 2020,
YouTube held a 46% market share as the top OTT streaming service provider in
rural Vietnam. With 27% of respondents utilizing it, FPT Play, which is a
regional platform, was the second-most popular OTT service in the country. This
suggests that with a gradual loss in DTH subscribers and the emergence of
competition from OTT service providers, Pay-Tv service income is anticipated to
decline over the next five years.
The demand for OTT services is likely to rise considerably
in the near future as more people subscribe to mobile devices. As an
illustration, DatVietVAC introduces VieON, a video-on-demand and television
service, in Vietnam. Consumers can have access to on-demand video services from
international OTT platforms, such as Netflix and Amazon Prime, which opens up
new growth potential for OTT service providers in Vietnam.
Vietnam was placed 53rd with a median mobile download
speed of 39.48 Mbps in October 2022, according to the Ookla Speedtest Global
Index. Customers are switching to mobile-based OTT services, which is opening
new revenue streams for the telecom industry. In the country, the mobile
internet user base increased from 27% of the population in 2014 to 53% in 2022,
according to GSMA. Vietnamese adults are using mobile internet more and more,
which is likely to fuel the demand for OTT services even more in the coming
Growing Demand for Wireless Services
The Vietnam telecom market has extended as a result of
the expanding take-up of smartphone administrations, made strides communication
administrations, and the developing populace. Controlling bodies, which are
imperative within the country's adoption of a 5G organize, would advance
encourage the rise. The government has ambitious plans to upgrade from 3G and
4G to 5G networks for its network coverage. For instance, in 2021, the Ministry
of Information and Communications (MIC) claimed to complete the installation of
5G stations with download and upload speeds of 900 Mbps and 60 Mbps using open radio
access network (ORAN) technology.
By the end of 2023, the Vietnamese government intends
to grant licenses for 5G wireless services to distributers. Wi-Fi deployment
will become increasingly popular in the near future, opening new business
opportunities for the telecom industry. Vietnam was rated 47th with a median
fixed broadband download speed of 78.87 Mbps in October 2022, according to the
Ookla Speedtest Global Index. The prevalence of smartphones is considerably
rising, which is driving the demand for high-speed wireless services.
The government and private telecom service providers
are collaborating to increase wireless broadband connections. For instance, the
government wants to provide consumers with quicker and higher-quality wireless
internet services as part of its National Digital Transformation Program.
5G Rollout Plan
According to experts cited by the National Institute
of Information and Communications Strategy, the development of 5G can raise
businesses' labor productivity and operational efficiency, which will boost
economic growth in Vietnam over the next few years. 40 of Vietnam's 63
provinces and cities have had 5G network coverage since the pilot
commercialization of 5G in December 2020.
British data company, predicts that 5G will have a
significant impact on the world economy, potentially generating up to USD 13.1
trillion in revenue and USD 22.3 million in new employment worldwide by 2035.
Users should be able to learn, buy, and work in the least amount of time thanks
to 5G. 5G download rates are 100 times faster than 4G and potentially reach 10
gigabits per second under the right circumstances.
According to tests conducted by French cyber firm
Thales Group, 5G download speeds can reach 75 Mbps, allowing for the 49-second
download of a movie. This takes about 50 minutes on the 4G network. In addition
to boosting cell phone bandwidth, the development of 5G also offers high-speed
wireless connectivity for a variety of sectors and businesses, particularly
automated and robotic manufacturing lines.
In addition to simulating the operation of a
manufacturing facility, 5G can give the corporation a system to track its goods
and raw materials in real-time throughout production. In Vietnam, 5G technology
has the potential to positively influence several industries and sectors that
are important to the country.
After Q3 of 2022, Vietnam had the tenth-most
5G-connected devices worldwide, according to the Internet data analysis website
Speedtest.net. The United States, China, Brazil, Germany, and Japan are
the top five nations on the list. Thailand and the Philippines are the other
two Southeast Asian countries on the list.
The Samsung Galaxy S22 Ultra offers the fastest 5G
connection speed in Vietnam, with a download speed of 286.77 Mbps and an upload
speed of 41.34 Mbps. Fast connection speeds are also available on the Apple
iPhone 12 and 13 models. 5G has been tested in 55 of the nation's 63 provinces
and cities, according to Nguyen Phong Nha, deputy director of the Ministry of
Information and Communications' Telecommunications Authority. The government
has also asked businesses to create end products to expand 5G network coverage.
Vietnam will offer 5G services at industrial parks,
schools, research facilities, and governmental organizations throughout the
early stages of the technology's development. By 2030, the Vietnamese
government wants all users' devices to be connected to the 5G network.
- In September 2022, Infinera and Viettel worked
together to support the 5G service. The Optical Timing Channel 2.0
(OTC2.0) solution from Infinera provides a thorough 5G network.
- In August 2022, MobiFone expanded its 5G testing
network in Hue, Vietnam. Customers using 5G-capable smartphones would be
able to experience maximum download rates of 1Gbps on the 5G trial
- In May 2022, the Viettel Group and Qualcomm
Technologies worked together to create a 5G Radio Unit (RU) with massive
MIMO capabilities and distributed units (DUs) to roll out the newest 5G
network infrastructure and services in Vietnam.
- May 2022 also saw Casa Systems and Vietnam Posts
& Telecommunications Group (VNPT) sign a memorandum of understanding
(MoU) to provide next-generation 5G technologies, such as cloud-native 5G
Core, RAN, and Fixed Wireless Access (FWA) solutions, to Vietnam.
- In March 2022, Kerlink teamed up with VIoT Group
to put out a national LoRaWAN IoT (low-power vast area network) in Vietnam.
By the end of May, 350 Kerlink gateways were supposed to be installed in
six cities, and 1,400 more were supposed to be installed by the end of
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The Vietnam telecom market is segmented by type,
service type, equipment, deployment, and application. Based on type, the market
is bifurcated into wireless telecommunication carriers, wired telecommunication
carriers, communication hardware, satellite, and telecommunication reseller. By
service type, the market is segmented into managed data center, managed network
services, managed data & information services, managed mobility services,
managed communications services, and managed security services. By equipment,
the market is segmented into networking equipment, transmitting device, and end
point device. By deployment, the market is segmented into on-premises, cloud.
By application, the market is segmented into household, commercials.
Key players in the Vietnam telecom market are
AT&T, EVNTelecom, Viettel Group, Vietnam Mobile Telecom Services,
Vinaphone, Vietnam Posts and Telecommunications Group, GTel Mobile JSC, FPT
Corporation, NamVietNet Telecommunication Service Joint Stock Company, and
Saigon Post and Telecommunications Services Corporation.
2018 – 2021
2024 – 2028
Revenue in USD Million and CAGR for 2018-2022 and 2024-2028
company share, growth factors, and trends
Northern Vietnam, Central Vietnam, Southern Vietnam
Key Companies Profiled
EVNTelecom, Viettel Group, Vietnam Mobile Telecom Services, Vinaphone,
Vietnam Posts and Telecommunications Group, GTel Mobile JSC, FPT Corporation,
NamVietNet Telecommunication Service Joint Stock Company, and Saigon Post and
Telecommunications Services Corporation.
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In this report, the Vietnam telecom market has been
segmented into the following categories, in addition to the industry trends,
which have also been detailed below:
Vietnam Telecom Market, By Type:
Wireless Telecommunication Carriers
Wired Telecommunication Carriers
Satellite and Telecommunication Resellers
Vietnam Telecom Market, By Service Type:
Managed Data Centre
Managed Network Services
Managed Data & Information Services
Managed Mobility Services
Managed Communications Services