NEW YORK, Oct. 20, 2016 /PRNewswire/ -- View:
The Vietnamese mobile market has experienced strong growth in the past and the uptake of 3G and fibre broadband has been robust in 2015, demonstrating the rising inclination towards both mobile and fixed data usage. We continue to retain a positive view on the adoption of premium services and advanced networks, although we believe that the governmental restrictions on 4G rollouts could restrict telecoms operators' abilities to satisfy growing data consumption needs - in the short term at least. MobiFone is once again in the spotlight with the government looking to sell 49% of the company. We believe that a good foreign investor could inject a strong and positive impetus for renewed competition in the marketplace and drive forward the uptake of 4G services in the coming years.
Latest Updates & Industry Developments
- We are forecasting 134.1mn mobile subscribers by end-2020, for a 136.6% penetration rate. Out of this number, 55.9mn will be 3G/4G connections. However, the figure is distorted by inactive prepaid subscriptions and multiple SIM ownership.
- MobiFone's partial privatisation is once again dominating the Vietnamese telecommunications agenda with Australia's Telstra and Norway's Telenor both interested in the operator. We hold a favourable view of the foreign entrants looking to compete in Vietnam as it could provide new competition and drive forward the uptake of advanced services and new technologies, especially with the country not yet having officially rolled out 4G services.
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