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Vietnam Telecom Market Report Overview
The Vietnam telecom market attained a value of USD 6.60 Billion in 2025 and is projected to expand at a CAGR of 1.60% through 2035. The market is further expected to reach USD 7.74 Billion by 2035. Rapid 5G deployment, expanding fibre broadband, and rising demand for cloud and data centre connectivity are strengthening telecom services across the country. Government digital infrastructure plans, new spectrum releases, and growing enterprise adoption of private networks and IoT are further encouraging operators to widen their service offerings in every segment.
Key Market Trends and Insights
- Rapid 5G deployment is driving sustained demand for mobile data services across the Vietnam telecom market as operators extend coverage to industrial parks, highways, and airports.
- Expanding fibre broadband is reshaping wireline competition as households and enterprises adopt gigabit connections across urban and provincial areas.
- Growing demand for cloud and data centre connectivity is widening telecom revenue pools as operators add facilities, subsea links, and terrestrial cables.
Market Size & Forecast
- Market Size in 2025: USD 6.60 Billion
- Projected Market Size in 2035: USD 7.74 Billion
- CAGR from 2026 to 2035: 1.60%
- Fastest-Growing Service Segment: Mobile Data Services
Telecommunications refers to the transmission of voice, data, video, and messaging over wireline and wireless networks, delivered through fixed, mobile, pay television, and machine to machine services. Mobile services hold a substantial share of the Vietnam telecom market owing to near universal mobile subscriptions and rising smartphone use, while fibre based fixed broadband continues to expand across households and enterprises. Rising 5G coverage, cloud adoption, and digital government programmes continue to widen the customer base among consumers, businesses, and public institutions.
Demand is concentrating around operators able to combine wide 5G coverage with fibre and data centre capacity. In January 2026, the Ministry of Science and Technology reported that 4G coverage reached 99.48 percent of the population in 2025, while 5G coverage rose from 0.93 percent two years earlier to 90.2 percent. This coverage driven positioning is converting rising demand for high-speed connectivity directly into expanded adoption across the Vietnam telecom market.
Companies across the Vietnam telecom market are converging on a common development direction, widening from voice and basic connectivity toward integrated data, cloud, and enterprise network services. Operators are increasingly pursuing 5G rollouts, data centre investments, and international cable capacity to broaden their customer base. This shift is reshaping competitive dynamics among telecom providers, favouring companies that can demonstrate wide network coverage, fibre depth, and enterprise solutions over those offering conventional voice and connectivity services alone.
Compound Annual Growth Rate
1.6%
Value in USD Billion
2026-2035
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| Vietnam Telecom Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 6.60 |
| Market Size 2035 | USD Billion | 7.74 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 1.60% |
| CAGR 2026-2035 - Market by Region | Southeast | 1.9% |
| CAGR 2026-2035 - Market by Region | Red River Delta | 1.7% |
| CAGR 2026-2035 - Market by Service | Mobile Data Services | 2.1% |
| CAGR 2026-2035 - Market by Transmission | Wireline | 2.4% |
| Market Share by Region | Mekong River Delta | 18.7% |
Key Trends and Recent Developments
The Ministry of Science and Technology licensed Starlink Services Vietnam in February 2026 to provide fixed and mobile satellite networks, allowing four gateway stations and up to 600,000 user terminals in the first phase of a five-year pilot. Satellite links give operators across the Vietnam telecom market and enterprises a backup channel for remote areas and storm affected regions where terrestrial lines can fail.
FPT inaugurated its FPT Fornix HCM02 data centre at the Ho Chi Minh City High Tech Park in August 2025, adding 10,000 square metres and capacity for 3,600 racks as its fourth facility across Hanoi and Ho Chi Minh City, with LEED design. A carrier neutral model lets customers across the Vietnam telecom market connect to several telecom providers, which suits enterprises seeking flexible connectivity.
VNPT launched the VSTN terrestrial cable in August 2025, the first route linking Vietnam to Singapore entirely over land, spanning 3,900 kilometres through Laos, Thailand, and Malaysia. The route connects the Da Nang hub to regional data centres and adds capacity that also reduces reliance on submarine cables, alongside five submarine cable systems with nearly 36 Tbps of international capacity.
MobiFone launched its 5G services in March 2025 on the 3.8 to 3.9 GHz band, using standalone and non-standalone architectures with speeds of up to 1.5 Gbps, and became the third operator to commercialise 5G. Existing 4G subscribers across the Vietnam telecom market with compatible smartphones can use the network without changing SIM cards, which lowers the barrier to upgrading, starting in city centres.
Operators Investing in Fibre and 5G Capacity to Lift Network Speeds
Vietnamese operators are increasingly investing in fibre and 5G capacity to lift network speeds and consumer experience across the country, including 5G coverage and fibre access upgrades. This is changing competitive priorities in the Vietnam telecom market, with quality of service becoming as important as price. In July 2026, Ookla's Speedtest Global Index ranked Vietnam in tenth place for mobile internet, up ten places, at a median download speed of 205.58 Mbps and seventh for fixed broadband at 307.11 Mbps.
Regulators Releasing Low Band Spectrum to Extend 4G and 5G Coverage
Regulators are increasingly releasing low band spectrum to extend 4G and 5G coverage into rural, mountainous, and indoor areas and cut the number of sites operators must build. This is reshaping network economics in the Vietnam telecom market, since lower frequencies cover wider areas with fewer sites. In July 2025, Vietnam's Ministry of Science and Technology announced a second auction for the B1 and B3 blocks of the 700 MHz band, with a starting bid of about VND 1.955 trillion.
Lawmakers Simplifying Licensing Rules to Speed Network Deployment
Lawmakers are increasingly simplifying licensing rules to reduce compliance cost and speed up network deployment. This is lowering entry barriers across the Vietnam telecom market and favouring operators able to scale quickly and adapt licences to new services. In August 2026, the National Assembly adopted Law 20/2026/QH16, amending the laws on radio frequencies, telecommunications, electronic transactions, and technology transfer, cutting 47 business conditions and removing 33 of 41 conditions for radio frequency licensing, which cuts licensing cost by 50.86 percent.
Data Protection Rules Shaping How Telecom and Cloud Providers Handle Customer Information
Data protection rules are increasingly shaping how telecom and cloud providers store and process customer information. This is raising compliance investment across the Vietnam telecom market and supporting demand for local data centre capacity for hosting customer data. In January 2026, Vietnam's Law on Personal Data Protection, Law 91/2025/QH15, took effect together with Decree 356/2025/ND-CP, setting clear consent, impact assessment, and penalty rules with fines of up to 5 percent of annual revenue for cross border transfer breaches by operators.
Investors Announcing Large Data Centre Projects for Cloud and AI Demand
Investors are increasingly announcing large data centre projects to serve cloud, AI, and enterprise connectivity demand. This is widening infrastructure led revenue pools in the market as operators, developers, and investors compete for capacity in the largest cities of Vietnam. In March 2025, Saigon Asset Management announced plans to build a large 150 MW data centre with a targeted investment of USD 1.5 billion, according to the United States International Trade Administration's market intelligence on Vietnamese data centres.
Vietnam Telecom Industry Segmentation
The Expert Market Research's report titled "Vietnam Telecom Market Report and Forecast 2026-2035" 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
Key Insight: Mobile voice services dominate the service segment given near universal mobile subscriptions and low-cost prepaid plans across the country. Mobile data services are registering the fastest growth as 5G coverage and smartphone use lift data consumption. In May 2026, the Ministry of Science and Technology reported 110.5 million mobile broadband subscriptions, with 91.3 percent of subscribers using smartphones. Fixed voice services and pay TV services sustain modest demand, fixed internet access services expand through fibre, and machine to machine (mobile IoT) services grow from a small base through smart factory and smart city projects.
Market Breakup by Transmission
- Wireline
- Wireless
Key Insight: Wireless transmission dominates the transmission segment of the Vietnam telecom market given mobile first usage, wide 4G and 5G coverage, and low device costs. Wireline transmission is registering the fastest growth as fibre to the home connections, data centre links, and enterprise circuits expand across urban and provincial areas. Wireless networks sustain steady demand through mobile broadband and fixed wireless access, while wireline networks support backbone, cable, and cloud connectivity.
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Key Insight: Southeast dominates the regional breakup of the Vietnam telecom market given its concentration of industrial parks, enterprises, and dense urban demand around Ho Chi Minh City, and it is also registering the fastest growth. In August 2026, the Ministry of Science and Technology reported 42 commercial data centres with about 372.75 MW of designed capacity, supporting cloud and enterprise connectivity demand. Red River Delta sustains strong demand through Hanoi, the Mekong River Delta and South-Central Coast serve growing provincial markets, and other regions, including the Northern Midlands and Central Highlands, rely on coverage expansion.
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Vietnam Telecom Market Share
By service, mobile voice services dominate the market owing to near universal mobile subscriptions and low-cost prepaid plans across the country
Mobile voice services dominate the service segment of the Vietnam telecom market given near universal mobile subscriptions and low-cost prepaid plans that keep basic calling and messaging within reach of nearly every household. Operators serving this category continue to prioritise network quality and coverage, since reliable voice calls and low dropped call rates remain the main reason, most consumers stay with a provider and the base on which data plans, bundles, and enterprise packages are sold to customers in every province.
Mobile data services are registering the fastest service growth as 5G coverage, video streaming, and smartphone use lift data consumption across the country. In January 2026, Viettel completed Vietnam's first 5G-Advanced trial, reaching download speeds above 7.3 Gbps, around six times faster than current standalone 5G services, by combining 2.6 GHz, C-band, and mmWave spectrum, showing how quickly demand for faster mobile data is steadily scaling across households, offices, and industrial customers, and why operators keep adding new network capacity.
By transmission, wireless dominates the market owing to mobile first usage and wide 4G and 5G coverage across urban and rural areas
Wireless transmission dominates the transmission segment of the Vietnam telecom market given mobile first usage, wide 4G and 5G coverage, and low device costs that make mobile the main access route for most users. Operators serving this category continue to prioritise spectrum and site density, since low band and mid band frequencies extend coverage into rural, mountainous, and indoor areas without requiring new fixed lines to every home, which lets operators reuse existing towers and backhaul, while new spectrum adds urban capacity.
Wireline transmission is registering the fastest transmission growth as fibre to the home connections, data centre links, and enterprise circuits expand across urban and provincial areas. In May 2026, the Vietnam News Agency reported that 23.8 million households were connected to fibre optic internet with an average access speed of 288 Mbps, showing how strongly fibre is displacing older copper and cable connections, and why wireline is projected to grow at 2.4 percent, supported by cloud and data centre traffic.
Vietnam Telecom Market Regional Analysis
Southeast leads the market through its concentration of industrial parks, enterprises, and dense urban demand around Ho Chi Minh City
Southeast dominates the regional breakup of the Vietnam telecom market given its concentration of industrial parks, enterprises, and dense urban demand around Ho Chi Minh City, and it is projected to grow at a CAGR of 1.9 percent. In April 2025, Viettel Group held the groundbreaking ceremony for its High-Tech Data Center and Research and Development complex in Ho Chi Minh City, adding capacity for cloud, AI, and enterprise connectivity customers in the region and reinforcing its lead in the country.
Red River Delta is the other major regional hub, anchored by Hanoi where operator headquarters, government agencies, and technology companies drive demand for fibre, cloud, and enterprise network services, and it is projected to grow at a CAGR of 1.7 percent. Operators across the region continue to prioritise fibre depth and 5G coverage, since dense enterprise clusters and public sector digital programmes reward providers with reliable, high-capacity networks and fast repair times for large business customers and public agencies.
Competitive Landscape
Competition is led by a small group of state linked operators that invest heavily in 5G coverage, fibre depth, data centres, and international cable capacity to defend their positions. Vietnam telecom companies are widening beyond voice and connectivity into cloud, cybersecurity, and enterprise network services, while spectrum awards and licensing reforms shape how quickly each operator can expand.
Vietnam telecom market players are also focusing on quality of service, since network speed and coverage now influence consumer choice as much as price. Opportunities are emerging in private 5G networks for factories, satellite backup connectivity, and carrier neutral data centres. Operators that combine wide coverage with fibre and cloud capacity are expected to strengthen their competitive position over the coming years.
Viettel Group
Founded in 1989 and headquartered in Hanoi, Vietnam, Viettel Group supports the market through its mobile, fixed broadband, enterprise, and digital services, operating the country's largest mobile network. The company continues to expand its 5G, cloud, and data centre capabilities. Viettel draws on its position as a military owned technology and telecom group to serve consumers, enterprises, and government customers across Vietnam and in overseas markets.
VNPT VinaPhone
Founded in 1995 and headquartered in Hanoi, Vietnam, VNPT VinaPhone contributes to the market through the Vietnam Posts and Telecommunications Group, offering mobile services under the VinaPhone brand alongside fibre broadband, cloud, and digital government solutions. The company continues to invest in fibre and submarine cable infrastructure. VNPT draws on its position as a state-owned telecom group to serve households, enterprises, and public institutions across the country.
MobiFone Telecommunications Corporation
Founded in 1993 and headquartered in Hanoi, Vietnam, MobiFone Telecommunications Corporation supports the market through its mobile voice, mobile data, and enterprise solutions, including private network and smart city services. The company continues to expand its 5G network in industrial parks and major cities. MobiFone draws on its position as one of Vietnam's three largest mobile operators to serve consumers and businesses across the country.
FPT Telecom JSC
Founded in 1997 and headquartered in Hanoi, Vietnam, FPT Telecom JSC contributes to the market through its fibre internet, television, cloud, and data centre services for households and businesses. The company continues to widen its home networking, smart home, and enterprise offerings. FPT Telecom draws on its position as a leading private sector internet provider, within the FPT Corporation group, to serve premium urban customers and enterprises.
Other key players in the market include Vietnamobile, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Key Highlights of the Vietnam Telecom Market Report
- Comprehensive evaluation of 5G, fibre, and data centre driven growth trends across the Vietnam telecom industry.
- Analysis of service, transmission, and regional demand developments across the market.
- Detailed competitive benchmarking of Vietnam telecom companies and strategies.
- Regional opportunity analysis covering Southeast, Red River Delta, and provincial hubs.
- Strategic insights into spectrum, satellite connectivity, and cloud infrastructure trends.
Why Rely on Expert Market Research?
- Industry focused analysts tracking evolving telecom technology and regulatory developments.
- Research combining operator strategies, spectrum policy, and infrastructure dynamics.
- Rigorous methodology integrating primary interviews with verified secondary intelligence.
- Actionable business recommendations supporting investment, expansion, and market entry decisions.
- Forward looking insights identifying emerging 5G, fibre, and satellite connectivity trends.
Call to Action
Unlock the latest insights with our Vietnam telecom market trends 2026 report. Discover regional growth patterns, service and transmission economics, and key industry players. Stay ahead of the competition and identify emerging opportunities in the evolving market landscape.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Frequently Asked Questions About This Report
The market is projected to grow at a CAGR of 1.60% between 2026 and 2035.
Extending 5G coverage, expanding fibre broadband, investing in data centres and cable capacity, adding satellite and private network services, and streamlining licensing compliance are key strategies driving the market.
The key trends aiding the market expansion include the increasing installation of 5G networks and an increase in data consumption.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different segmentations based on the transmission of telecom include wireline and wireless.
The key players in the market include Viettel Group, VNPT VinaPhone, MobiFone Telecommunications Corporation, FPT Telecom JSC, Vietnamobile, among others.
In 2025, the market reached an approximate value of USD 6.60 Billion.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 7.74 Billion by 2035.
Operators in the market face heavy capital needs for 5G and fibre, intense price competition, spectrum availability, submarine cable disruptions, and evolving data protection and licensing rules.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Service |
|
| Breakup by Transmission |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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