Vietnam telecommunications sector comprises of various companies that transfer data in voice, words, audio, or video across the globe. The major companies in the sector are telephone (wired and wireless) operators, cable companies, satellite companies, and internet service providers. The sector plays a crucial role in the evolution of mobile communications& the information society. The telecommunication sectors are a key economic factor in the integration process. It helps to raise public awareness as well as contributes to ensuring national security & social order. The telecommunication sector comprises three basic sub-sectors: telecom services (next largest), telecom equipment (the largest), and wireless communication. The major segments within these sub-sectors include wireless communications, processing systems & products, communications equipment, foreign telecom services, long-distance carriers, diversified communication services, and domestic telecom services. Some examples of telecommunication are microwave radio systems, telephone systems, mobile cellular systems, satellite communication systems, radar & solar systems, information & intelligent gathering, space discovery using telecommunication and TV & radio broadcasting systems.
According to the study, “Vietnam Telecommunication Comprehensive Report Q4/2019” the key companies operating in the Vietnam telecommunication market are VNPT Telecommunications Group, Vietnam Military Telecoms Company-Viettel telecom, VNPT Vietnam Posts, and Telecommunications Group-VinaPhone, Vietnam Mobile Telecom Services Corporation-Mobifone. The key providers will transform their enterprise systems and digital business-to-customer (B2C) channels into modern & agile platforms. These will provide personnel in the telecommunication industry with analytics-driven functioning decision-support capabilities and would deliver seamless back-end assimilation capabilities through micro-services.
Based on the element, the Vietnam telecommunication market is segmented into a sender, transmitter, transmission medium, sender and channel. Based on communication type, the market is segmented into broadcast communication, point-to-point communication, and multiplex system. Based on services, the market is segmented into basic communication services and value-added services. Basic telecommunication services include facsimile services, circuit-switched data transmission, voice telephone services, packet-switched data transmission, telegraph services, telex services, and others. Value-added services include data processing, electronic data interchange e-mail, voicemail, and online database storage. Based on the package, the market is segmented into a double play package, triple-play package, and quad-play package. In addition, based on end-use, the market is segmented into commercial and residential.
The Vietnam telecommunication market is driven by growth in innovations & developments; followed by intense market competition, rise in affordability of services, high investments in new telecommunication technologies, for instance, wireless communication and satellite, increase in demand for high-speed internet and growth in innovative services such as e-agriculture& e-education. However, the high cost of value-added services and stringent government policies may impact the market. Moreover, the rise in investments by foreign the investor is a key opportunity for the market. Furthermore, maintaining security is a major challenge for the market.
Vietnam the telecommunication industry is growing up owing to the rise in government planning for smart cities, the fourth industrial revolution, start-ups, and growth in national innovation network program that is enabled by state-of-the-art 4G & 5G and internet-of-things (IoT). In upcoming years, it is predicted that the future of this industry will be bright as a result of a rise in the number of mobile subscribers during the forecast period.
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Ankur Gupta, Head Marketing & Communications