Forecast: Fixed Broadband Subscriptions in Viet Nam

From 2013 to 2023, Viet Nam's fixed broadband subscriptions have shown a consistent increasing trend, moving from 5.71 subscriptions per hundred persons to 23.74 in 2023, representing an average annual compound growth rate of 11.64% for the past five years. The year-on-year variation highlights a peak in growth around 2015 and 2017, with notable percentages at 26.29% and 22.67% respectively, after which growth slightly moderates but remains robust, particularly during COVID-19 influence in 2021 at 14.77%.

Moving forward to 2024 and beyond, the forecast suggests a steady growth rate with a projected average annual growth rate (CAGR) of 5.55% through to 2028, reaching 33.77 subscriptions per hundred persons. The overall growth rate over the forecasted five-year period is expected to be 31.03%.

Future trends to watch for include:

• Continued urbanization and infrastructure development fueling broadband demand.
• Emergence of new technologies like 5G, which might influence broadband subscription trends.
• Potential governmental policies aimed at increasing digital inclusion in rural areas.