Viettel and SoEs continue to define tower market structure in Vietnam
TowerXchange’s latest analysis of the Vietnamese mobile and tower sectors
During my latest trip to Asia, I headed to hectic Hanoi to take a closer look at the evolving Vietnamese telecom and tower industries. Just a two-hour flight from Yangon threw me into a completely different market structure where military-backed Viettel and its MNO competitors take the lead while towercos play supporting actors. This editorial analyses the role of Viettel and its contestants while examining how this mature telecom market could still provide business opportunities for infrastructure providers and vendors.
Vietnam’s Mobile market
According to the Ministry of Information and Communications (MIC), Vietnam has now 128mn mobile phone subscribers.