Vietnam's IT revenues up 18% in H1

Revenues from Vietnam's information technology (IT) sector in the first six months of 2022 were estimated at 72.5 billion USD, up 17.8% year on year, according to the Ministry of Information and Communications.
Vietnam's IT revenues up 18% in H1 ảnh 1Illustrative image (Photo:VNA)
Hanoi (VNA) - Revenues from Vietnam's information technology (IT) sector in the first six months of 2022 were estimated at 72.5 billion USD, up 17.8% year on year, according to the Ministry of Information and Communications.

Of the total, revenues from hardware and electronics exports were estimated at 57 billion USD, rising 16.4% year on year. Those of computer shipments amounted to 29.1 billion USD, up 21.8%, while electronic export earnings reached 27.9 billion USD, increasing 11.2%, the Hanoi Times newspaper cited the sources as saying.

In particular, revenues from Made-in-Vietnam products accounted for nearly 27% of the total, hitting 19.4 billion USD. The ministry reported the numbers qualifying that the performance of the sector was in the first half (H1) of this year, which helps layout the tasks for H2.

Meanwhile, revenues of the information and communications technology (ICT) sector reached approximately 77 billion USD, rising 17% compared to the same period last year. Profit was estimated at 5.9 billion USD, up 13%, according to the report released on July 18.

This year, the ministry set a revenue target of around 140 billion USD for the ICT sector, a year-on-year increase of 14%. 

Regarding the IT landscape, around 3,400 digital technology enterprises were established in the first half (H1) of this year, according to the ministry.

The figure helps make the ministry's target of having 70,000 firms working in this sector in 2022 possible following a sharp rise over the years. In 2021 there were 64,000 firms working in the sector, up from 58,000 in 2020, and 45,600 in 2019.

As of the end of June, the number of digital technology companies in Vietnam is estimated at 67,300, an increase of 3,422 companies compared to last December.

Vietnam targets to have 80,000 digital technology enterprises operating in the sector by 2025, and 100,000 by 2030. It expects that the technology industry contributes 6% - 6.5% to the country's gross domestic product (GDP) by 2025./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.