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Vietnamese Telecommunications Industry: A Booming Landscape of Innovation and Growth

08-23-2023 12:05 PM CET | Media & Telecommunications

Press release from: Idem Est Research

Vietnam Telecom Industry Market Report forecasts 166m mobile and fixed broadband subscribers by 2030

Vietnam Telecom Industry Market Report forecasts 166m mobile and fixed broadband subscribers by 2030

NEWS PROVIDED BY
Idem Est Research & Advisory
7 August 2023, 16:00 AEST
Vietnam Telecom Industry Market Report forecasts 166m mobile and fixed broadband subscribers by 2030
FOR IMMEDIATE RELEASE

Key Highlights from the Vietnam Telecoms Industry Report:

The telecommunications market in Vietnam is experiencing a period of rapid growth, presenting a plethora of exciting opportunities for both local and foreign investors. Amidst a competitive environment and a positive economic outlook, the industry is poised to harness substantial potential for expansion and innovation.

A Thriving Market with High Growth Potential

With an anticipated average GDP growth rate of 10% between 2023 and 2030, the Vietnamese telecommunications sector stands as a beacon of economic prosperity representing over USD15 billion in revenue. The market's robust mobile phone penetration coupled with the burgeoning uptake of fixed broadband services in households underpin its resilience in the face of challenges such as an aging population.

Key Developments and Projections

Leading industry analysts at Idem Est Research have projected a sustained growth trajectory for the telecommunications sector. Over the 2023-2030 period, mobile subscriptions are expected to grow (+1.1%), accompanied by a significant increase in fixed broadband subscribers (+3.4%) and household penetration. The sector's transformation from legacy 2G and 3G to 4G mobile data services has contributed to the acceleration of mobile revenue while the country awaits commercial launches of 5G services.

Infrastructural Investments and Consolidation Trends

Infrastructure investments are flourishing, with a significant focus on mobile towers, data centres, submarine cables, and fibre networks. Major players such as Viettel, Vinaphone, and FPT are at the forefront of this trend, leveraging full-fibre networks to provide cutting-edge services like IPTV and e-commerce. As the market matures, consolidation is likely to occur in the medium term, with companies seeking to enhance their scale and competitiveness through strategic mergers and collaborations.

Government Initiatives and Private Investment

The Vietnamese government's central role in the telecommunications industry is evident, with dominant players controlling over 90% of the market. With the government's plans to reduce its stake in major players like VNPT and Mobifone, the door is opening for private investments, thereby should be ushering in a new era of transparency and accountability.

The government's biggest priority should be to further allocate spectrum in the 700MHz, 2600MHz, and 3500Mhz bands and allow market consolidation of sub-scale government fixed and mobile operators.

"Idem Est Research forecasts that mobile subscribers will reach 138 million by 2030, while the fixed broadband market will continue to increase fibre penetration into more households, with over 90% already using FTTH. The telecommunications industry is expected to maintain revenue growth momentum, with an average growth rate of 2.6% from 2023 to 2030," says Landry Fevre, Director of Idem Est Research & Advisory.

The Vietnam Telecoms Industry Report by Idem Est Research provides comprehensive insights into the current market landscape, future projections, and key factors shaping the industry. For more details, access the full report on the Idem Est Research website.

Idem Est Research and Advisory's report on the Vietnamese telecom market serves as a valuable resource for industry stakeholders, investors, and policymakers looking to gain a comprehensive understanding of the sector. The analysis highlights the immense potential and opportunities for both local and international players to contribute to the development and innovation of the telecommunications industry in Vietnam.

KEY COMPANIES MENTIONED IN THIS VIETNAM TELECOMS INDUSTRY REPORT:
CMC, FPT, Gmobile, Hanoi Telecom, Hutchison Asia Telecom, Mobifone, OCK, Saigon Post, Viettel, Vietnamobile, Vinaphone, VNPTL

Download the full report: https://idemest.com/reports/vietnam-telecoms-report-mobile-broadband-market-industry-analysis/

Vietnam Telecoms Industry Report - Table of Contents
1 Key Statistics
1 Key Statistics
1.1 Vietnam Population
1.2 Vietnam's Economy
1.3 Vietnam's GDP

2 Overall Telecommunications Market, 2016-2030
2.1 Market Overview
2.2 Historical Telecommunications Market Revenue, 2016-2022
2.3 Overall Telecommunications Market Forecast, 2022-2030
2.4 Telecommunications Market Capital Expenditure, 2016-2030
2.4.1 Historical Telecommunications Capex Spend, 2016-2022
2.4.2 Capex to Revenue Country Benchmark
2.4.3 Telecommunications Capex Spend Forecast, 2000-2030

3 Telecommunications Operators Profile
3.1 Viettel Profile
3.1.1 Viettel Revenue and Profit Mix
3.2 VNPT Profile
3.2.1 VNPT Revenue and Profit Mix
3.1 Mobifone Profile
3.1.1 Mobifone Revenue and Profit Mix
3.2 FPT Profile
3.2.1 FPT Revenue and Profit Mix
3.3 CMC Corporation Profile
3.3.1 CMC Corp Revenue and Profit Mix
3.4 Vietnamobile
3.4.1 Vietnamobile Revenue
3.5 Other Players Profile

4 Mobile market
4.1 Mobile Subscribers Historical and Forecast, 2016-2030
4.1.1 Mobile Subscribers Historical, 2016-2022
4.1.2 Mobile Subscribers Market Share, 2016-2022
4.1.3 Vietnam Smartphone Share, 2022
4.1.4 Vietnam Mobile Subscribers Forecast, 2022-2030
4.1.5 Vietnam Mobile Subscribers by Generation (2G, 3G, 4G & 5G) Forecast, 2022-2030
4.2 Mobile Revenue Historical and Forecast, 2016-2030
4.2.1 Historical Vietnam Mobile Service Revenue, 2016-2022
4.2.2 Mobile Service Revenue Forecast, 2022-2030
4.2.3 Mobile Subscribers ARPU, 2016-2022
4.3 Spectrum Holdings
4.3.1 Existing Spectrum Holdings
4.3.2 5G Launches and Upcoming 5G Auctions
4.3.3 Mobile Frequencies Portfolios Analysis
4.3.1 Spectrum Depth Benchmark by Country
4.4 Mobile Download Data and Pricing Trends
4.5 Mobile Speed Tests
4.5.1 Ookla Mobile Speed Tests
4.6 Internet of Things (IoT)

5 Broadband Market
5.1 Fixed Broadband Subscribers Historical, 2016-2022
5.2 Fixed Broadband Subscribers Forecast, 2022-2030

6 Fixed Telecommunications Infrastructure Investments
6.1 Fixed Digital Infrastructure
6.2 Submarine Cables

7 Vietnam Telecom Towers Infrastructure Landscape
7.1 Vietnam Mobile Digital Infrastructure
7.1.1 Vietnam Telecom Towers Market Overview
7.1.2 Vietnam Telecom Towers Background
7.2 Vietnam Tower Market Competitive Landscape Comparison
7.2.1 Vietnam Tower Market Competitive Landscape Comparison
7.3 Vietnam Telecom Towers & Rooftops Market Forecast
7.3.1 Vietnam Telecom Towers Forecast, 2022-2030
7.4 OCK Profile
7.4.1 OCK Key Performance Indicators
7.5 Golden Tower Profile
7.5.1 Golden Tower Key Performance Indicators
7.6 Nisco Profile
7.6.1 Nisco Key Performance Indicators
7.7 Telco Digital Infrastructure Comparative

8 Thematics / Opportunities
8.1 Consolidation Opportunities
8.2 Diversification Opportunities
8.2.1 e-Commerce
8.2.2 Digital Payments
8.3 New Telco Operating Model
8.3.1 The Attraction of Infrastructure Multiples
8.4 5G Developments
8.4.1 5G Overview
8.4.2 5G - Relative Capex Investments and Frequency Range
8.4.3 5G OpenRAN
8.4.4 Beyond 5G and Towards 6G

9 Telco M&A Transactions Database

10 Methodology

11 Copyright Notice

Vietnam Telecoms Industry Report - List of Figures

Figure 1 - Telco sector revenue as % of GDP in Vietnam
Figure 2 -Revenue Profile Historical Mix (VND bn), 2016 - 2022
Figure 3 - Telecommunications Market Revenue Pool, 2022
Figure 4 - Telecommunications Market Pre-Tax Profits Pool, 2022
Figure 5 - Telecommunications Revenue & EBITDA Share Estimates, 2022
Figure 6 - Total Telecoms Market Revenue and Growth Rate (VND bn), 2022-2030
Figure 7 - Capex to Revenue Benchmark, 2016-2022
Figure 8 - Telecommunications Capital & Operational Expenditure Spend, 2000-2030
Figure 9 - Viettel Service Revenue Mix, 2016-2022
Figure 10 - Viettel Historical Revenue Mix, 2016 - 2022 (VND bn)
Figure 11 - VNPT Telecommunications Revenue and Profit (VND trn), 2016-2022
Figure 12 - VNPT Historical Revenue Mix (VND bn), 2016 - 2022
Figure 13 - Mobifone Revenue and Profit Margin (VND trn), 2016-2022
Figure 14 - FPT Revenue and Profit Margin (VND bn), 2016-2022
Figure 15 - CMC Revenue and Profit Margin (VND bn), 2016-2022
Figure 16 - Vietnamobile Revenue and Revenue Growth (VND bn), 2016-2022
Figure 17 - Mobile Subscribers Share Comparison, 2016-2022
Figure 18 - Mobile Subscriber Share Comparison, 2016-2022
Figure 19 - Mobile Prepaid & Postpaid Share Comparison, 2016-2022
Figure 20 - Mobile Prepaid/Postpaid Net Adds (000's) Comparison, 2016-2022
Figure 21 - Mobile Subscribers Forecast, 2016-2030
Figure 22 - Vietnam Mobile Subscribers by Generation (2G, 3G, 4G & 5G) Forecast, 2022-2030
Figure 23 - Mobile Service Revenue Forecast, 2022-2030
Figure 24 - Mobile Subscribers ARPU (VND), 2015-2021
Figure 25 - Subscriptions per MHz of Spectrum, Select Asia-Pacific Countries, 2022
Figure 26 -Mobile Handsets Monthly Download Data, 2017-2022
Figure 27 - Data Pricing Trends in Asia-Pacific (US$ per GB per month), 2017-2022
Figure 28 - Spectrum available for IoT in Vietnam
Figure 29 - Broadband Subscribers Share Comparison, 2016-2022
Figure 30 - Vietnam Net-Adds (000's) by Operators, 2016-2022
Figure 31 - Vietnam Broadband Services by Access Technology, 2014-2022
Figure 32 - Broadband Subscribers Forecast, 2016-2030
Figure 33 - Estimated Tower Market Share, 2022
Figure 34 - Vietnam Telecom Towers Forecast, 2022-2030
Figure 35 - Telecoms Providers EV/EBITDA Ranges
Figure 36 - 5G Network Slices Structure
Figure 37 - Effect of Frequency on Range
Figure 38 - 5G Capacity and Coverage Layers
Figure 39 - Relative Capex Required for 5G Network Infrastructure Investment
Figure 40 - Telecom Infra Project - OpenRAN Vision

Vietnam Telecoms Industry Report - List of Tables

Table 1 - Vietnam - Key Statistics
Table 2 - Telecommunications Market Revenue by Operators
Table 3 - Total Telecommunications Market Revenue, 2022-2030
Table 4 - Historical Telecommunications Capex Spend, 2016-2022
Table 5 - Historical Viettel Revenue, Pre-Tax Profit & Capex, 2016-2022
Table 6 - Historical VNPT Revenue and EBITDA Mix, 2016-2022
Table 7 - Historical Mobifone Revenue and Profit Mix, 2016-2022
Table 8 - Historical FPT Revenue, Pre-Tax Profit & Capex, 2016-2022
Table 9 - Historical CMC Corp Revenue, Pre-Tax-Profit, 2016-2022
Table 10 - Historical Vietnamobile Revenue, 2016-2022
Table 11 - Historical Mobile Subscribers, 2016-2022
Table 12 - Vietnam Mobile Subscribers Forecast, 2019-2026
Table 13 - Vietnam Mobile Subscribers by Generation (2G, 3G, 4G & 5G) Forecast, 2022-2030
Table 14 - Historical Mobile Service Revenue, 2016-2022
Table 15 - Mobile Service Revenue Forecast, 2022-2030
Table 16 - Historical Mobile Market Blended Mobile ARPU, 2016-2022
Table 17 - Mobile Frequencies by Operators and by Band (Mhz)
Table 18 - Historical Broadband Subscribers, 2016-2022
Table 19 - Historical Broadband Monthly ARPU, 2016-2022
Table 20 - Vietnam Broadband Subscribers Forecast, 2022-2030
Table 21 - International Submarine Cable Systems with Landing Stations in Vietnam
Table 22 - Vietnam Telecom Towers Market Analysis, 2022
Table 23 - Vietnam Tenant Indicative Tower Leasing Annual Fees
Table 24 - Vietnam Tower Market Competitive Landscape Comparison
Table 25 - Vietnam Telecom Towers, Mobile Subscribers, Penetration & ARPU Forecast, 2022-2030
Table 26 - OCK Key Performance Indicators, 2022
Table 27 - Golden Tower Key Performance Indicators, 2022
Table 28 - Nisco Key Performance Indicators, 2022
Table 29 - Viettel, VNPT, Mobifone, FPT, CMC Telco Digital Infrastructure Landscape
Table 30 - Technology Specifications (ADSL, FTTN, Fibre, 4G/LTE, 4G/LTE-A and 5G)
Table 31 - Telco Transaction Database, 2015-2021

Contact Information:
For media inquiries, please contact:
Landry Fevre
Woonona Rd
Northbridge, NSW 2063
Australia
landry@idemest.com

About Idem Est Research Advisory
Idem Est Research and Advisory is a boutique telecommunications and digital infrastructure market research and advisory. Idem Est Research provides leading telecoms research helping our clients stay updated on the latest telecoms sector and digital infrastructure developments. The reports provide analyses of mobile and broadband markets, capital expenditure, forecasts, key telecom trends and thematic such as 5G and telecoms digital infrastructure, as well as other statistics of the telco industry.
Our independent approach allows us to place the trends and drivers fully into context and analyse the industry from different, unbiased perspectives. Alongside the facts and figures, Idem Est Research draws on three decades of experience to provide incisive commentary and analysis. This brings visibility to the business drivers, challenges, decision-making and future direction of the telecoms sector.
To learn more, visit www.idemest.com

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