Telecom infrastructure market in Vietnam is projected to cross $ 10 billion mark by 2022
Evolving technologies, rising adoption of online payments and focus towards smart cities are estimated to significantly boost Vietnam telecom infrastructure market over the course of next five years. Mobile services segment accounted for the largest share in telecom infrastructure market in 2016 in Vietnam, followed by fixed-line service.
Increasing internet penetration and number of mobile subscribers are expected to spur growth in Vietnam's telecom infrastructure market through 2022. Moreover, support from the Ministry of Information and Communications (MIC) to the companies in providing 4G LTE license and installation of fiber-optic infrastructure are expected to positively impact the country's telecom infrastructure market during 2017-2022. Additionally, with telecom service providers predominantly focusing on extending their network coverage and offering more efficient and cost effective services, the telecom infrastructure market in the country is expected to grow in the coming years.
Few of the major players operating in telecom infrastructure market in Vietnam include Viettel, MobiFone, Vinafone, Vietnamobile, and GTel.