Forecast on mobile service revenue in Vietnam

Mobile service revenue in Vietnam is forecast to increase at a compound annual growth rate (CAGR) of 5.7 percent from $4.3 billion in 2022 to $5.6 billion in 2027, according to GlobalData.
Mobile voice service revenue in Vietnam will drop at a 0.9 percent CAGR over the forecast period due to the consumer shift towards over-the-top (OTT) communication platforms and the subsequent decline in the voice service average revenue per user (ARPU) levels.

Mobile data service revenue in Vietnam will increase at a CAGR of 13.5 percent between 2022 and 2027, driven by the growing consumption of mobile data services on the back of 4G service adoption, and projected rise in higher-ARPU yielding-5G subscriptions.

The monthly data usage will increase from 2.3GB in 2022 to 6.5GB in 2027, driven by the increasing consumption of online video and social media content over smartphones, thanks to the data-centric offers extended by MNOs with their 4G and 5G service plans.

4G will remain the leading mobile technology, in terms of subscriptions, over the forecast period.

Viettel will continue to dominate the mobile services market in terms of subscription through 2027. Viettel market leadership will be primarily driven by its high-speed LTE network coverage and 5G development efforts, Hrushikesh Mahananda, Telecom Research Analyst at GlobalData, said.