Vietnam Telecommunications Market 2024-2031: A Comprehensive Industry Analysis and Growth Forecast
The recently added Vietnam Telecommunications Market Report 2024-2031 on ResearchAndMarkets.com provides an extensive review of Vietnam’s telecommunications sector, covering market trends, forecasts, investment dynamics, and sector developments. As the market continues to expand, driven by economic growth and high mobile adoption rates, this report offers critical insights for investors, telecom operators, and stakeholders.
Market Growth Drivers
Vietnam’s telecom industry is experiencing significant growth, fueled by a strong economic outlook and expected GDP growth of 10% from 2023 to 2030. Mobile penetration remains high, with a growing shift toward fixed broadband services. However, the market faces challenges, such as an aging population, which could influence long-term growth patterns.
Key Developments:
- Mobile and Broadband Expansion: Mobile subscriptions are forecasted to increase by 1.7% from 2024 to 2031, while fixed broadband is expected to grow at 2.8%.
- Revenue Boosts: Mobile revenue is rising, outpacing subscription growth as users transition from 2G/3G to more data-centric 4G services.
- Network Upgrades: With the shutdown of 2G services in October 2024 and a planned phase-out of 3G by 2028, Vietnam is setting the stage for expanded 4G and 5G networks.
- Market Recovery: After a dip in 2018-2019, the industry is rebounding, driven by growing data usage and a gradual recovery in revenue streams.
- Stable Capex: Capital expenditure remains consistent, with more investment anticipated for 5G, while broadband expansion efforts focus on FTTH deployments.
Sector Overview
Mobile Market Trends:
The shift from 2G to 3G and 4G has led to increased data use, with 5G poised for further transformation. By 2031, 5G is expected to account for 69% of connections, enhancing connectivity and supporting new technologies like virtual reality and autonomous vehicles.
Broadband Market Growth:
Investment by major players (VNPT, Viettel, FPT) in fibre networks has accelerated fixed broadband adoption, providing high-speed, reliable internet. This infrastructure paves the way for services like IPTV and e-commerce to gain a stronger foothold.
Telecom Infrastructure Investments:
Telecom infrastructure—encompassing mobile towers, data centers, fibre networks, and submarine cables—is attracting substantial investor interest. This report provides insights into infrastructure valuation, benchmarks, and investor perspectives, crucial for informed decision-making.
Government Role and Market Consolidation
With over 90% of the market under government control, corporate activities have been limited. However, as the market evolves, potential mergers among smaller operators could occur. Additionally, the government may reduce its stakes in major players like VNPT and Mobifone, enabling private investments and increased competition.
5G and Future Prospects:
Vietnam’s 5G rollout promises a technological leap, supporting high-speed internet, new applications, and connected services. However, monetizing these advancements remains a key challenge, with business models still evolving.
Report Highlights
- Opportunities for Investment: Comprehensive analysis on trends, regulatory updates, and key market movements, providing investors with an informed outlook on growth potential.
- Risk Management: Identifies potential challenges to business operations and investments.
- Strategic Planning: Market forecasts support long-term planning and competitive assessment for stakeholders.
- Competitor Insights: Detailed profiles on leading companies, including Viettel, VNPT, Mobifone, and FPT, provide a view of the competitive landscape and partner dynamics.
Topics Covered
- Market Statistics: Overview of Vietnam’s population, economy, and GDP.
- Telecommunications Market Overview: Historical revenue and forecasts through 2031.
- Operator Profiles: Profiles of leading companies in Vietnam’s telecom sector.
- Mobile and Broadband Trends: Subscriber growth, spectrum holdings, and 5G developments.
- Fixed Infrastructure Investments: Analysis of digital and submarine cable infrastructure.
- Telecom Towers: Overview of mobile infrastructure, competitive landscape, and forecasts.
- Emerging Opportunities: Insights on consolidation, diversification, and infrastructure investment trends.
- 6G Potential: Future-focused analysis on the evolution of telecom technologies.
The Vietnam Telecommunications Market Report 2024-2031 is an essential tool for telecom professionals, investors, and strategic decision-makers navigating the expanding telecom landscape in Vietnam. The report offers a detailed roadmap for capitalizing on growth opportunities, assessing risks, and positioning for success in Vietnam’s dynamic telecommunications industry.
