On the morning of November 20 in Ha Long City, Quang Ninh Province, the Ministry of Information and Communications (MIC) hosted the 2024 International Digital Investment Forum in Vietnam. The event drew the participation of numerous domestic and international enterprises and was part of the Vietnam International Digital Week 2024.  

The forum was attended by Deputy Minister of Information and Communications Phan Tam, along with experts and representatives from digital technology companies both local and global.  

The forum featured three sessions:  

1. Policies to Promote Digital Investment in Vietnam in the Digital Era  

2. Potential and Opportunities for Digital Investment in Vietnam  

3. Connecting and Building a Digital Investment Ecosystem  

During the first session, participants discussed the current state and future directions of Vietnam's digital technology industry. Notably, the industry achieved $150 billion in revenue, supported by 67,500 businesses, including 1,500 operating internationally. 

Vietnam boasts a highly skilled workforce, ranking among the world’s top 10 in programmer competency, and produces a large number of engineers annually. Moreover, the country offers attractive incentives for the digital technology sector.  

Deputy Minister Phan Tam emphasized that the rapid progress of the Fourth Industrial Revolution is transforming the world, with digital technology emerging as a foundational production force and a primary driver of socio-economic development.  

According to the MIC, Vietnam's digital technology industry is projected to generate $152 billion in revenue in 2024, encompassing nearly 54,000 active enterprises and creating jobs for over 1.8 million workers. More than 1,500 Vietnamese digital technology firms have ventured into international markets, steadily building their global presence.  

Since 2020, Vietnam has attracted nearly $3 billion in investments for approximately 1,000 digital technology projects from over 50 countries. Leading global tech giants such as Intel, Samsung, Apple, and Amkor have invested billions of dollars in Vietnam, with commitments for further investments in the near future.  

"These figures underscore the sector's attractiveness and growth potential in Vietnam," Deputy Minister Phan Tam remarked. He reiterated Vietnam's commitment to fostering a transparent, innovative business environment while enhancing international cooperation to advance the digital technology sector.  

Parallel events on November 20 included workshops on policy recommendations to enhance trust in services within ASEAN and meetings of ASEAN information officials. These activities were part of the Vietnam International Digital Week, co-organized by the MIC and the Quang Ninh Provincial People’s Committee from November 19-22.  

Pham Cong