Vietnam telecom service revenue hits US$7 billion
The market is estimated to post an annual growth rate of 4.2% in the 2016-2021 period.
Vietnam generated total telecom service revenues of US$6.9 billion in 2016 or 3.4% of its nominal GDP with an estimated growth rate of around 1.6%.
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The dominance of mobile data services resulted from increasing popularity of OTT services and rising smartphone adoption coupled with availability of attractive data plans, Ken Research said in a recent report.
The consulting firm predicted that Vietnam’s telecom service to grow at a compound annual growth rate (CAGR) of 4.2% during 2016-2021.
Vietnam’s telecom market will be dominated by Viettel, Vinaphone, and Mobifone. Of the trio, Viettel is estimated to remain the largest player in the telecom market through 2021, owing to investments in 4G service rollout and expansion linked to fixed infrastructure improvement.
In addition, operators will focus on 4G network expansion and fiber deployments to improve broadband infrastructure in the country.
Ken Research’s analysis is based on regional context in which it compared Vietnam’s telecom market size with other countries in the region, in terms of economic, demographic, and political context in Vietnam.
In addition, it made a review of the regulatory setting and agenda for the next 18-24 months as well as relevant developments pertaining to spectrum licensing, national broadband plans, number portability, and more.
The analysis also covers a demand profile in which figures and forecasts of service revenue from the fixed telephony, broadband, mobile voice, and mobile data had been made.
Furthermore, it pictures the competitive landscape with an examination of key trends in competition and in the performance, market shares, and expected moves of service providers over the next 18-24 months.
In-depth sector analysis of fixed telephony, broadband, mobile voice, and mobile data help result in the near-term opportunities for operators, vendors and investors in Vietnam’s telecommunication market.
The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in Vietnam’s telecommunication market, the company said.
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