Vietnam 5G Equipment Market Size, Share, Trends and Forecast by Technology, Equipment, Architecture, Frequency, Application, and Region, 2026-2034

Vietnam 5G Equipment Market Summary:

The Vietnam 5G equipment market size reached USD 151.62 Million in 2025. The market is projected to reach USD 1,438.92 Million by 2034, growing at a CAGR of 28.41% during 2026-2034. The market is growing rapidly, supported by strong government initiatives, expanding telecom infrastructure, and rising demand for high-speed connectivity across industries. Leading network operators and technology providers are accelerating 5G deployment to enhance digital transformation and industrial automation, positioning Vietnam as a key player in Southeast Asia’s next-generation connectivity landscape and strengthening its presence in the global Vietnam 5G equipment market share.

Key Takeaways:

• The Vietnam 5G equipment market was valued at USD 151.62 Million in 2025.
• It is projected to reach USD 1,438.92 Million by 2034, representing a compound annual growth rate (CAGR) of about 28.41% between 2026-2034.
• Vietnam's government has introduced groundbreaking financial incentives, offering subsidies equal to 15% of equipment costs for telecom operators deploying at least 20,000 5G base stations by December 2025, while successful spectrum auctions in March 2024 enabled Viettel, VNPT, and MobiFone to secure critical mid-band frequencies with pricing carefully calibrated to keep spectrum costs below 5% of operator revenue, ensuring sustained infrastructure investment.
• Segmentation highlights:
  • Technology: Network Function Virtualization (NFV), Software Defined Networking (SDN), Multi-access Edge Computing (MEC)
  • Equipment: Macrocell, Small Cell, Others
  • Architecture: 5G Standalone (NR + Core), 5G NR Non-Standalone (LTE Combined)
  • Frequency: Sub 6 GHz, Above 6 GHz
  • Application: Automotive, Consumer Electronics, Commercial, Industrial
• Regional Insights: The report covers major zones within Vietnam: Northern Vietnam, Central Vietnam, and Southern Vietnam.

Vietnam 5G Equipment Market Outlook (2026-2034):

The Vietnam 5G equipment market is positioned for robust expansion as operators accelerate infrastructure deployment to meet ambitious government targets of 99% population coverage by 2030. Continued government support through Resolution 193, providing equipment cost subsidies and Prime Minister directives emphasizing 5G commercialization as an economic growth driver, will sustain investment momentum. The integration of 5G with artificial intelligence, edge computing, and IoT technologies will create new revenue streams for equipment vendors as enterprises across manufacturing, logistics, agriculture, and smart city sectors adopt private 5G networks and advanced use cases, while Vietnam's strategic positioning as a regional technology hub attracting investments from global players like NVIDIA, Qualcomm, Nokia, and Ericsson will further strengthen the market's positive trajectory throughout the forecast period.

Impact of AI:

Artificial intelligence is fundamentally transforming Vietnam's 5G equipment market by enabling intelligent network orchestration, automated resource allocation, and predictive maintenance capabilities that reduce operational costs while improving performance. AI-driven network management solutions from vendors like Nokia and Ericsson optimize spectrum utilization and traffic routing in real-time. The convergence of 5G and AI enables advanced edge computing deployments where AI algorithms process data locally at base stations, supporting time-critical applications in industrial automation, autonomous vehicles, and smart city infrastructure. Major technology companies, including NVIDIA, Qualcomm, and Samsung, are establishing AI research centers in Vietnam, with the government targeting a top-three ASEAN position in AI development by 2030 and positioning 5G infrastructure as the essential foundation for AI deployment at scale.

Market Dynamics:

Key Market Trends & Growth Drivers:

Government Policy Support and Financial Incentives Accelerating Infrastructure Investment

Vietnam’s telecommunications sector is undergoing transformative growth driven by strong government support aimed at accelerating 5G commercialization and establishing the country as a regional digital powerhouse. In February 2025, the National Assembly approved Resolution 193, introducing unprecedented financial incentives for telecom enterprises deploying large-scale 5G infrastructure. Under this framework, companies that install at least 20,000 operational 5G base stations by the end of 2025 are eligible for government subsidies covering a portion of their equipment procurement costs, funded through revenues from radio frequency usage rights auctions. This marks a pivotal shift from regulatory facilitation to direct state investment in network expansion. Reinforcing this commitment, Prime Minister Pham Minh Chinh’s Directive 05/CT-TTg identifies 5G commercialization as a strategic driver of economic growth and digital transformation. The Ministry of Science and Technology has been tasked with overseeing nationwide deployment and advancing research into 6G technologies. Additionally, the government has allocated substantial funding to upgrade telecommunications networks, prioritizing 5G rollout in key cities, industrial zones, research centers, and transport hubs. The Digital Infrastructure Strategy further mandates nationwide 5G coverage across all provinces, aiming for near-universal access and high-speed connectivity to support Vietnam’s digital economy ambitions. These coordinated policy measures have created a highly favorable investment environment that is driving the Vietnam 5G equipment market growth, with major operators committing billions to infrastructure expansion and international equipment vendors establishing local manufacturing operations to capture market opportunities.

Strategic Spectrum Allocation Enabling Comprehensive Network Deployment

The successful implementation of Vietnam’s 5G spectrum allocation policy has eliminated key regulatory bottlenecks, enabling telecom operators to accelerate nationwide commercial rollout. In 2024, the Ministry of Information and Communications completed competitive auctions for mid-band frequencies, awarding Viettel, VNPT, and MobiFone with strategic spectrum blocks to support large-scale deployment. The government adopted a balanced pricing framework informed by international benchmarks, ensuring spectrum fees remained affordable to encourage continued infrastructure investment rather than burdening operators with excessive costs. To prevent speculative holding, license terms included mandatory deployment obligations requiring operators to install specific numbers of gNodeB and eNodeB stations within the first two years. This regulatory approach directly translated to rapid network expansion. Viettel, VNPT, and MobiFone have since initiated widespread deployment, collectively establishing thousands of 5G base stations across all provinces, key industrial zones, airports, seaports, hospitals, and universities. Their accelerated rollout efforts have driven exponential growth in 5G subscriptions and strengthened nationwide connectivity coverage. The coordinated spectrum allocation, coupled with government-enforced deployment commitments, has also generated substantial procurement demand across radio access, core network infrastructure, and enabling technologies such as network function virtualization and software-defined networking platforms, laying the groundwork for Vietnam’s next-generation digital ecosystem.

Digital Transformation Integration with Emerging Technologies for Industry 4.0 Applications

Vietnam’s 5G infrastructure development is deeply aligned with the nation’s broader digital transformation and Industry 4.0 strategies, positioning high-speed connectivity as a foundation for economic modernization. The government aims to significantly increase the digital economy’s contribution to national GDP by 2030, supported by robust policy initiatives such as Resolution 57-NQ/TW, which identifies 5G and artificial intelligence as central pillars of technological progress. The manufacturing sector, a key growth driver, is rapidly integrating 5G-enabled solutions for automation, predictive maintenance, and supply chain optimization. Telecommunications operators like Viettel have introduced extensive enterprise portfolios featuring applications in smart city management, precision agriculture, healthcare digitization, and energy grid monitoring. These solutions combine 5G with AI, IoT, cloud, and edge computing to enable intelligent, low-latency, and scalable operations. Additionally, private 5G networks are emerging as a critical segment, allowing enterprises to develop secure, customized infrastructures for mission-critical tasks. Vietnam’s strong AI readiness, skilled workforce, and growing innovation ecosystem have attracted major global technology companies—including NVIDIA, Qualcomm, Samsung, Intel, and Meta—to establish research and development centers locally. This dynamic integration of policy, innovation, and private-sector participation is propelling Vietnam toward a fully connected, digitally empowered industrial landscape.

Key Market Challenges:

High Capital Expenditure Requirements Creating Financial Pressure

The nationwide rollout of 5G infrastructure in Vietnam demands heavy capital investment, imposing significant financial strain on telecommunications operators. The high cost of deploying dense 5G networks arises from the need for more base stations to ensure adequate coverage, given 5G’s higher frequency and shorter propagation range compared to 4G. Each installation involves expenses for advanced radio units, civil construction, power supply, fiber backhaul, and ongoing maintenance. Despite partial government subsidies that offset a small portion of equipment costs, operators still shoulder the majority of capital and operational expenditures, including electricity, site rentals, and spectrum license fees. The competitive environment among major players such as Viettel, VNPT, and MobiFone intensifies financial challenges as each aims to expand coverage rapidly to secure market leadership. Smaller operators face even greater pressure due to limited financial resources and smaller subscriber bases, which could lead to market consolidation. Additionally, operators must sustain and upgrade 4G services while investing in 5G rollout and complying with government timelines for phasing out older networks. This dual burden stretches financial capacity, making cost recovery dependent on long-term subscriber growth and gradual increases in 5G adoption rates across both consumer and enterprise segments.

Limited Fiber Optic Penetration Constraining Backhaul Capacity

Vietnam’s 5G expansion is hampered by insufficient fiber optic infrastructure, which serves as the essential backbone for high-speed mobile connectivity. Fiber backhaul provides the bandwidth and low latency required for 5G networks to function effectively, but coverage gaps remain substantial, especially in rural and remote regions. Millions of households still lack fiber connectivity, while many villages with electricity remain disconnected from broadband access. These infrastructure deficiencies limit operators’ ability to deploy 5G base stations at scale, forcing reliance on less efficient alternatives such as microwave or satellite backhaul that increase deployment costs and reduce network performance. The government’s ambitious target of universal fiber access by 2025 requires massive annual expansion, coordinated investment, and collaboration between telecom providers, infrastructure firms, and local authorities. However, the high cost and logistical challenges of laying fiber in difficult terrain slow progress. As a result, urban centers are expected to see faster 5G adoption compared to underserved rural areas, exacerbating the digital divide. Limited fiber penetration ultimately constrains both network quality and equitable 5G accessibility, posing a structural challenge to Vietnam’s goal of nationwide digital transformation and inclusive connectivity across economic sectors.

Spectrum Management Complexities and Regulatory Coordination Challenges

Vietnam’s 5G rollout faces persistent challenges related to spectrum allocation and regulatory coordination despite progress in earlier auctions. The government’s attempts to auction the valuable 700 MHz band, ideal for wide-area 5G coverage due to strong propagation characteristics, met with limited success, reflecting operator hesitancy about high investment costs and uncertain returns. While Viettel secured a portion of the band, other blocks remain unallocated, delaying broader deployment. Additional complexities arise from overlapping spectrum usage across multiple services. For instance, the 3.4–3.6 GHz range remains reserved for satellite and radar operations, restricting mid-band availability crucial for balanced coverage and capacity. Efforts to reassign or share spectrum require cross-border coordination to prevent interference with satellite networks in neighboring countries, further complicating rollout timelines. High-frequency millimeter-wave bands, while promising for ultra-fast 5G, remain underdeveloped due to ecosystem immaturity and limited equipment readiness. Moreover, the government’s mandate to retire 2G by 2026 and phase out 3G soon after introduces operational challenges, requiring precise coordination for subscriber migration and spectrum refarming. These spectrum-related uncertainties, combined with evolving regulations, slow network planning and increase the complexity of achieving nationwide 5G coverage in Vietnam.

Vietnam 5G Equipment Market Report Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Vietnam 5G equipment market, along with forecasts at the country and regional levels for 2026-2034. The market has been categorized based on technology, equipment, architecture, frequency, and application.

Analysis by Technology:

• Network Function Virtualization (NFV)
• Software Defined Networking (SDN)
• Multi-access Edge Computing (MEC)

The report has provided a detailed breakup and analysis of the market based on the technology. This includes Network Function Virtualization (NFV), Software Defined Networking (SDN), and Multi-access Edge Computing (MEC).

Analysis by Equipment:

• Macrocell
• Small Cell
• Others

A detailed breakup and analysis of the market based on the equipment have also been provided in the report. This includes macrocell, small cell, and others.

Analysis by Architecture:

• 5G Standalone (NR + Core)
• 5G NR Non-Standalone (LTE Combined)

The report has provided a detailed breakup and analysis of the market based on the architecture. This includes 5G Standalone (NR + Core) and 5G NR Non-Standalone (LTE Combined).

Analysis by Frequency:

• Sub 6 GHz
• Above 6 GHz

A detailed breakup and analysis of the market based on the frequency have also been provided in the report. This includes sub 6 GHz and above 6 GHz.

Analysis by Application:

• Automotive
• Consumer Electronics
• Commercial
• Industrial

The report has provided a detailed breakup and analysis of the market based on the application. This includes automotive, consumer electronics, commercial, and industrial.

Analysis by Region:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The Vietnam 5G equipment market exhibits a competitive landscape characterized by the participation of major global telecommunications equipment vendors alongside domestic technology companies developing indigenous solutions. International vendors including Ericsson, Nokia, Qualcomm, and Samsung have secured significant equipment supply contracts with Vietnam's leading operators, leveraging their extensive portfolios of 5G radio access network solutions, core network platforms, and enabling technologies. Ericsson and Nokia have established strategic partnerships with both Viettel and VNPT for nationwide 5G deployments, while Qualcomm collaborates with Viettel on Open RAN infrastructure utilizing its 5G RAN platforms. Competition centers on technological differentiation including network performance, energy efficiency, feature richness, and total cost of ownership, alongside factors such as local manufacturing capabilities, technology transfer arrangements, and alignment with government priorities for domestic technology development. Viettel High Tech Industries Corporation has emerged as a notable domestic player, developing in-house 5G equipment including Open RAN solutions, core network platforms, and radio units that are being deployed both domestically and internationally, positioning Vietnam as not only a market for imported equipment but also an emerging exporter of telecommunications technology.

Vietnam 5G Equipment Industry Latest Developments:

• November 2024: Viettel officially announced the commercial launch of its Open RAN 5G Network at the 5G Open RAN Connect conference held at Viettel High Tech headquarters in Hanoi. The deployment represents the world's first O-RAN 5G network utilizing Qualcomm Technologies' 5G RAN platforms, featuring key equipment developed in-house including distributed units using Qualcomm X100 5G RAN Platform and Massive MIMO radio units with QRU100 platforms. Viettel deployed over 300 sites across various Vietnamese provinces by the first quarter of 2025, with plans for thousands more as part of nationwide and international expansion initiatives.
• October 2024: Nokia and Vietnam Posts and Telecommunications Group announced a strategic partnership to deploy 5G technology nationwide across Vietnam. Under the agreement, Nokia deployed equipment from its 5G AirScale portfolio powered by energy-efficient ReefShark System-on-Chip technology to provide high-quality connectivity, low latency, enhanced capacity, and reduced power consumption. Nokia also implemented its AI-based network management solution, 5G MantaRay, to improve the efficiency of VNPT's network operations. The partnership included local manufacturing of 5G equipment in Vietnam, demonstrating Nokia's commitment to Southeast Asia.

Vietnam 5G Equipment Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam 5G equipment market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam 5G equipment market on the basis of technology?
• What is the breakup of the Vietnam 5G equipment market on the basis of equipment?
• What is the breakup of the Vietnam 5G equipment market on the basis of architecture?
• What is the breakup of the Vietnam 5G equipment market on the basis of frequency?
• What is the breakup of the Vietnam 5G equipment market on the basis of application?
• What is the breakup of the Vietnam 5G equipment market on the basis of region?
• What are the various stages in the value chain of the Vietnam 5G equipment market?
• What are the key driving factors and challenges in the Vietnam 5G equipment market?
• What is the structure of the Vietnam 5G equipment market and who are the key players?
• What is the degree of competition in the Vietnam 5G equipment market?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam 5G equipment market from 2020-2034.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam 5G equipment market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam 5G equipment industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.