Vietnam’s Telecom Market Key Statistics End of Year 2023
This is custom heading element
There are currently four licensed MVNOs in Vietnam but more are expected to join soon
At the end of 2023, Vietnam had 124,1 million mobile connections divided between:
Number of active mobile phone subscribers using Voice and SMS:
Number of active mobile phone subscribers using Data:
MVNOs in Vietnam
At the end of year 2023, the Ministry of Information and Communications (MIC) had licensed five MVNOs in Vietnam:
MVNO iTel
Company: Indochina Telecom
Existing Assets: Energy, Real Estate, Retail
Launched: 04/2019
Host MNO: Vinaphone
MVNO Wintel
Company: Mobicast/Masan Group
Existing Assets: FMCG/Supermarket chain
Launched: 04/2019
Host MNO: Vinaphone
MVNO myLocal
Company: ASIM Telecom
Existing Assets: “Super App”, OTT, Travel
Launched: 05/2021
Host MNO: MobiFone
MVNO VNSKY
Company: VNPAY
Existing Assets: Fintech, Food & Beverage, Travel, Bank App
Launched: 05/2023
Host MNO: MobiFone
MVNO FPT SIM
Company: FRT
Existing Assets: Retail, ICT, OTT, Education, E-commerce
Soft Launched: 11/2023
Host MNO: MobiFone
According to the Department of Telecommunications under the Ministry of Information and Communications (MIC), the number of active subscribers connected to Vietnam’s three (now five) mobile virtual network operators (MVNO), in June 2023 was 2.65 million, accounting for 2.1% of the total number of subscribers in the country.
The numbers represent an increase of 410,000 subscribers (+18.30%) in just two months, since the end of April 2023 release from MIC where the subscribers stood at 2.24 million, accounting for 1.74% of the total market.
On average, about 1.5 million new SIM subscriptions are sold in the market on a monthly basis. Of these, the three traditional operators; Viettel, VNPT, and MobiFone account for about 85% (1.275.000) of the new subscribers with the remaining 15% (225.000) going to Vietnam mobile and the MVNOs.
MVNO Itel
(Indochina Telecom)
Energy, Real Estate and Retail
Launched: 04/2019
Host MNO: Vinaphone
MVNO Wintel
(Mobicast/Masan Group)
FMCG/Supermarket chain
Launched: 04/2019
Host MNO: Vinaphone
MVNO myLocal
(ASIM Telecom)
“Super App”, OTT TV, Travel
Launched: 05/2021
Host MNO: MobiFone
MVNO VNSKY
(VNPAY)
Fintech, F&B, Travel, Bank App
Launched: 05/2023
Host MNO: MobiFone
The majority of the 2.65 million subscribers back in June were with the MVNO Itel, which was the first MVNO to launch in Vietnam in 2019, while the MVNO Wintel (formerly Reddi) announced 122,500 subscriptions in 1Q23.
The rest was with the MVNO myLocal (ASIM Telecom), as the MVNO VNSKY was launched on May 23, 2023, and thus not part of the June reporting.
