Forecast: Total Internet Users in Vietnam

In 2023, Vietnam's internet users stood at 84.48 units per thousand persons. The year-on-year variation in 2023 was 4.1%, with a five-year CAGR of 3.73%. Notably, the highest year-on-year growth was seen in 2018 at 21%, while 2022 experienced a slight decline of -0.6%. The trend has generally been positive over the decade, indicating robust internet user growth. From 2024 onwards, the forecast suggests continuous growth, with a forecasted five-year CAGR of 2.64% and an overall forecasted growth rate of 13.89% by 2028.

Future trends to watch for include:

• Continued rise in internet penetration rates.
• Impact of technological advancements and infrastructure development on user growth.
• Possible saturation effects as growth rates may moderate over time.