Flourished since the early 90s, Vietnam's telecommunications industry has seen a proliferation and become an economic-technical major industry. Telecommunications not only plays an essential role in cultural, economic, political, and social development but also contributes to ensuring national cybersecurity.
Vietnam's telecommunications industry has undergone 2 stages of acceleration: Stage I (1993-1995) and Stage II (1996-2000) before moving to the Integration and Development Stage. The event of officially joining the global internet in 1997 marked a turning point in the comprehensive development of the Vietnamese social economy. The Internet broadband - ADSL user penetration rate in Vietnam has increased dramatically, from only 4% in 2003 to 70% in 2020.
The monopoly of VNPT in the telecom market also began to be eliminated, leading to competition among new telecom businesses in Vietnam. Up to now, VNPT, Viettel, and MobiFone are the three largest telecom corporations in the industry, accounting for more than 90% of the telecom market share for many years.
According to VietnamCredit, there are currently more than 1,200 businesses registered to operate in the telecommunications industry with a total of over 94,000 employees. In particular, the sector of the provision of internet access points attracts the most registered businesses of 870 enterprises and more than 27,000 employees.
According to the General Statistics Office of Vietnam, telecom revenue in 2019 increased by 7.9% over the previous year, reaching 383.3 trillion VND. However, traditional telecom revenue has a decreasing trend over the years, accounting for only 28.5% of total revenue in 2019. In general, although Vietnam's telecommunications continues to grow over the years, the traditional sector is showing signs of saturation due to the increasing popularity of digital services.
In the period of 2019-2020, Vietnam's telecommunications has experienced a sharp transformation. The legal regulations for domestic enterprises to exploit new development opportunities are increasingly improved. The MIC also has plans to deal with telecom waste and junk SIM cards. 5G technology started to be tested and the roadmap of cutting 2G, 3G... is also specifically planned.
CONTENTS
List of charts
List of tables
List of acronyms
1. Macro-economic situation
1.1. Economic growth
1.2. Trade and prices
1.3. Investment capital and State budget revenue and expenditure
1.4. Imports and exports
1.5. Establishment and dissolution of enterprises
2. Overview of Vietnam’s telecom industry
2.1. History of establishment and development
2.2. Legal environment
2.3. Enterprise and labor structure of the industry
2.4. Telecom services market size
3. Development situation of Vietnam’s telecom industry
3.1. Fixed-line telecom services
3.2. Mobile telecom services
3.3. Broadband services
3.4. Development situation of Vietnam’s telecom infrastructure
3.5. Telecom industry average financial ratios 2019
4. Opportunities, challenges and industry development prospects
5. Outstanding companies in Vietnam’s telecom industry
LIST OF FIGURES
Figure 1.1.1: Vietnam GDP Growth Rate 2011-2020
Figure 1.2.1: Total retail sales of consumer goods and services at current prices 2015-2019
Figure 1.2.2: GDP Growth, CPI and Inflation (Last year = 100)
Figure 1.2.3: Producer price index by sector compared to previous quarter
Figure 1.2.4: Commodity terms of trade growth rate 2015-2019 (%)
Figure 1.3.1: Growth rate and structure of social investment capital in 9 months of 2016-2020 period at current prices
Figure 1.4.1: Import-export turnover and trade balance of goods 2011-2019 (US $ billion)
Figure 1.5.1: Enterprise establishment in 9M/2020 (compared to 9M/2019)
Figure 2.3.1: Number of registered labors in Vietnam’s telecom industry (person)
Figure 2.3.2: Number of registered enterprises in Vietnam’s telecom industry (enterprise)
Figure 2.4.1: Revenue and Growth of telecommunications, 2015-2019
Figure 3.1.1: Market shares (by subscriptions) of terrestrial fixed-line telephone service providers in 2018
Figure 3.1.2: Market shares (by revenue) of terrestrial fixed-line telephone service providers in 2018
Figure 3.1.3: Revenue structure of fixed terrestrial telecom services in 2018
Figure 3.1.4: Growth of fixed-line telephone subscriptions, 2015-2019
Figure 3.2.1: Market shares (by subscriptions) of terrestrial mobile service providers in 2018
Figure 3.2.2: Market shares (by revenue) of terrestrial mobile service providers in 2018
Figure 3.2.3: Growth of mobile subscriptions, 2015-2018
Figure 3.2.4: Growth of mobile subscriptions generated voice, SMS, data traffic, 2015-2018
Figure 3.3.1: Market shares (by subscriptions) of terrestrial fixed-line broadband providers in 2018
Figure 3.3.2: Market shares (by revenue) of terrestrial fixed-line broadband providers in 2018
Figure 3.3.3: Market shares (by subscriptions) of terrestrial mobile broadband providers in 2018
LIST OF TABLES
Table 1.1.1. GDP growth by sector Q2/2020 at current prices
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J - Information Media and Telecommunications
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58 - Publishing activities
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581 - Publishing of books, periodicals and other publishing activities
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582 - Software publishing
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59 - Motion picture, video and television programme activities; Sound recording and music publishing activities
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591 - Motion picture, video and television programme activities
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592 - Sound recording and music publishing activities
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60 - Broadcasting and programming activities
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601 - Radio broadcasting
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602 - Television programming and subscription programming
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61 - Telecommunication
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611 - Wired telecommunications activities
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612 - Wireless telecommunications activities
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613 - Satellite telecommunications activities
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619 - Other telecommunications activities
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62 - Computer programming, consultancy and related activities
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620 - Computer programming, consultancy and related activities
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63 - Information service activities
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631 - Data processing, hosting and related activities; web portals
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639 - Other information service activities (632)
