The mobile voice service revenue will however, decline during the forecast period due to a steady drop in mobile voice service average revenue per user (ARPU<\/a>) as more users shift to over-the-top (OTT) communication platforms.
By contrast, mobile data service revenue is projected to increase at 13.5% during the forecast period, driven by the continued rise in mobile internet users, particularly on 4G networks.
Furthermore, the launch of 5G services this year in the Southeast Asian country and its subsequent rise in adoption is expected to boost the mobile data service ARPU and also drive revenue growth in the segment, GlobalData said.
“4G services accounted for the largest share of the total mobile subscriptions in 2022 and will continue to do so till 2027. Though from a low subscriber base, 5G service adoption is expected to gain pace over the forecast period as it becomes more widely available with telcos and the government focusing on 5G network expansion,” said Aasif Iqbal, Telecom Analyst at GlobalData.
The Vietnamese government plans to achieve nationwide coverage of the fifth-generation network coverage by 2030, as per the report.
In the fixed communication services segment, fixed voice service revenue will decline over the forecast period, due to losses in circuit-switched subscriptions and declining fixed voice ARPU.
Fixed broadband service revenue<\/a>, on the other hand, will grow at a CAGR<\/a> of 4.5% over 2022-2027 period, mainly led by fiber broadband services, according to GlobalData.
It said that the government of Vietnam plans to expand fiber internet<\/a> infrastructure to 80% of the households and 100% of the communities by the end of 2025.
“Viettel led the mobile services segment, in terms of subscriptions in 2022, and will continue to hold the top position throughout the forecast period, thanks to its strong focus on 4G\/5G network expansions. VNPT<\/a> topped the fixed voice and fixed broadband segments,” said Aasif.
He added that in the fixed broadband segment, VNPT will maintain its leadership through to 2027, supported by its strong position in the FTTH<\/a> segment, and discounted multiplay service bundles, combining fixed broadband, mobile, and pay-TV services.
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