VIETNAM'S TELECOMMUNICATIONS MARKET: EFFORTS TO CATCH UP WITH THE LATEST TRENDS

In Vietnam, the revenue share of traditional voice calls and messages has gradually contracted over the years, reflecting the shift in users' preference towards mobile data consumption. Network operators are shifting focus from traditional telecoms infrastructure and services to digital contents. The mobile data usage and fixed-broadband market witnessed rapid expansion, which is forecast to sustain over the next five years. Vietnam also successfully trialled 5G in several major cities and intends to deploy 5G network rollout in 2020. Nonetheless, the country lacks vertical industries that can exploit the advantages of this network. Although Vietnam's telecommunications market is relatively closed, a wider door is opened to private and foreign business in some areas.