Growth has been flat in Vietnam’s mobile market over the past five years. Market growth has been restrained due to a mature and saturated market. Mobile subscriber growth is also expected to be relatively low over the next five years to 2022.
By 2017, all five major mobile operators had been issued 4G licenses, and by early 2018 4G rollouts were well underway. 4G access will open up many opportunities for rural residents to learn, consume entertainment, find jobs and generally narrow the gap between urban and rural areas.
Apart from the fluctuating subscriber numbers, the mobile market has been characterised by decreasing profits and a fall in investment capital, as well as a drop in tax payments by operators.
Vietnam has seen a very rapid increase in mobile broadband penetration over the past five years driven by a rising level of 3G and 4G mobile subscribers. However the mobile broadband market is still at a relatively early stage of development. Strong growth is predicted over the next five years to 2022.
VNPT; Vinaphone; Mobifone; Viettel; GTel Mobile; Viettel; Vietnamobile
Table of Contents
Number of pages 51
Last updated 17 Jul 2018
Analyst: Phil Harpur
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