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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