Authored By: Sarah
24 Jan 2025

Latest News- Telecom Market in Vietnam: Consumer is expected to lead the End-user segment during 2025-2029

The Telecom Market in Vietnam is being driven by Increased demand for broadband

The Telecom Market in Vietnam is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1.32 billion. In the dynamic Vietnamese telecom market, technological advancements are driving innovation and enhancing consumer experiences. The rollout of 5G networks, such as Viettel's Cloud Native 5G core network, delivers faster speeds and reduced latency, fostering the growth of IoT and AR applications. Additionally, the expansion of fiber optic infrastructure strengthens broadband connectivity for homes and businesses. Cloud-based services, including remote work and collaboration tools, are gaining popularity. Advanced technologies like AI and machine learning are utilized for network optimization, customer service, and predictive maintenance, ensuring efficient and effective operations. 

Get more information on Telecom Market in Vietnam by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Increased demand for broadband
  • Government initiatives to develop a digital economy and promote e-commerce
  • Growing investments in smart city projects

However, the market also witnesses some limitations, which are as follows:

  • Rise in network attacks and online security threats
  • Regulatory compliance issued by Vietnamese government for telecom sector
  • Challenges in extending telecom infrastructure to rural and remote areas

Benefits of Buying Global Telecom Market in Vietnam Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Telecom Market in Vietnam Research Report

Market Scope

Report Coverage

Details

Page number

139

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 3.3%

Market growth 2025-2029

USD 1.32 billion

Market structure

Concentrated

YoY growth 2024-2025(%)

3.2

Key countries

Vietnam

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The telecom industry in Vietnam is advancing with 5G infrastructure development, conducting commercial trials for 5G services. The expanding middle class drives the demand for high-speed broadband connections and digital services. With increasing smartphone penetration and mobile internet use, 5G pilot rollouts are underway, featuring high-speed network trials and 5G stations. IPTV and on-demand videos are popular multimedia services, boosting internet access and data speeds. Digitalization and smart city initiatives are accelerating, requiring high-speed internet connectivity and digital contents.

Market Research Overview

The telecom industry in Vietnam is witnessing significant growth, with key players such as Vietnamobile, Viettel, and EVNTelecom leading the charge in providing high-speed connectivity services. The 5G infrastructure rollout is underway, with Samsung Electronics participating in 5G commercial trials in Da Nang. This technological advancement is expected to revolutionize the mobile phone landscape, moving beyond 3G and 4G. Technavio's global communications equipment market analysis includes the revenue generated from sales of communication equipment, broadcasting equipment, and telecommunication equipment, as well as investments made by service providers to enhance their infrastructure. Market expansion is attributed to the increasing number of data centers and capacity expansions of existing facilities, driven by hyperscalers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.