According to the report analysis, ‘Vietnam Telecommunication Comprehensive Report Q1/2020’ states that in the Vietnam telecommunication market there are several corporates which recently operating more extensively for leading the fastest market growth and registering the handsome value of market share around the region throughout the short duration while delivering the better consumer satisfaction, decreasing the associated price, spreading the awareness related to the telecommunication, delivering the effective services, employing the young work force, developing the applications of the telecommunication services and studying the government’s rules includes VNPT Telecommunications Group, VNPT Vietnam Posts and Telecommunications Group-VinaPhone, Vietnam Military Telecoms Company-Viettel telecom, Vietnam Mobile Telecom Services Corporation-Mobifone and several others. However, Telecommunication corporates are forming strategic alliance with the small telecom service corporates for new product development and several others which benefitted for generating the handsome value revenue and ruling across the globe throughout the short span of time.
The telecommunication sector of the Vietnam endures to have prominent growth potential, particularly in the field of 3G for mobile phones and FTTH for wired systems. According to the estimates, the telecom service revenue in the first 9 months of 2019 positively augmented by more than 6% over the same duration in 2018. According to the impetus from 2018, the amount of the mobile subscribers in the first 9 months of 2019 across the market endures recorded a slight augment compared to the close of 2018.
According to the Foreign Investment Department, in the foremost 9 months of 2019, the information and communication segment ranked 9th amongst the largest invested segments with the entire registered investment capital accounting of handsome value.
In universal, the trend of utilizing the 2G services has deducted sharply over the years, while 3G has continuously augmented in present years. After a long provisional of 4G services at the close of 2016, in early Q2 / 2017, three foremost carriers VinaPhone, MobiFone and Viettel officially established 4G services. According to the Opensignal, Vietnam's popularity level is amongst the world's average with the rate of handsome value.
In present years, the mobile market share across the Vietnam has been in the hands of three immense players Viettel, VinaPhone and MobiFone preserved with more than 90% of mobile subscribers in the market. Owing to the stimulus from the Ministry of Information and Communications dispensed Circular 47 ordering the promotion level for mobile services, the revenue of the three foremost carriers VinaPhone, Viettel and MobiFone has not grown suddenly compared to 2017.
The telecommunication market is predicted to observe the substantial growth over the forecast duration owing to augmenting the requirement for the telecom services. Augmenting the deployment of 4G infrastructure is anticipated to propel market growth. Not only has this, the effective growth in the needs to deliver the telecom services in remote areas are projected to further propel the telecommunication market. Therefore, in the coming years, it is predicted that the market of telecommunication will increase around the region more actively over the coming years.
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Ankur Gupta, Head Marketing & Communications