Revenue from IT industry reaches $110.7 billion in 10 months

Vietnam earned 110.7 billion USD in revenue from the IT industry in the first 10 months of 2021, up 9 percent from the same period last year, data from the Ministry of Information and Communications (MIC) showed.

Revenue from IT industry reaches 110.7 billion USD in 10 months hinh anh 1

Vietnam earned over 2.56 quadrillion VND (110.7 billion USD) in revenue from the IT industry in the first 10 months of 2021, up 9 percent from the same period last year, data from the Ministry of Information and Communications (MIC) showed.

Of the figure, 11 percent or 292 trillion VND was generated by Vietnamese enterprises, the MIC said, adding the third quarter's revenue was 26.8 percent higher than the previous quarter.

The electronics and hardware sector contributed nearly 90 percent of total revenue, or 2.27 quadrillion VND (98.1 billion USD). The sector exported 88.3 billion USD worth of products, equivalent to 32.5 percent of the nation’s total export turnover.

 

Revenue from the cybersecurity sector rose by 8 percent to exceed 1.53 trillion VND during the period, according to the ministry.

Due to impacts of the prolonged COVID-19 pandemic, revenue of postal companies declined to 7.5 trillion VND in Q3.

Total revenue from telecommunication services edged up just 0.09 percent year-on-year in October, with the number of smartphone users reaching 91.71 million, accounting for 74.1 percent of total subscribers and 10.4 percent higher than a year earlier./.

Source: VNA

 
 

Other News

.
Report on Vietnam Internet, Internet resources 2021 released
Report on Vietnam Internet, Internet resources 2021 released
SCI-TECH & ENVIRONMENTicon  17/12/2021 

The Vietnam Internet Network Information Centre (VNNIC) on December 15 announced a report on Vietnam Internet and Internet resources with the theme “Internet for all”.

First database of genomic variants for Vietnamese population announced
First database of genomic variants for Vietnamese population announced
SCI-TECH & ENVIRONMENTicon  17/12/2021 

Vingroup Big Data Institute VinBigData announced on December 6 that it has completed the project on Database of Genomic Variants for Vietnamese Population.

Vietnam, India sign letter of intent on digital communication cooperation
Vietnam, India sign letter of intent on digital communication cooperation
SCI-TECH & ENVIRONMENTicon  17/12/2021 

The signing of the letter of intent took place within the framework of Chairman of the Vietnamese National Assembly Vuong Dinh Hue’s official visit to India.

Indicators for digital transformation of enterprises to be issued
Indicators for digital transformation of enterprises to be issued
SCI-TECH & ENVIRONMENTicon  16/12/2021 

Consisting of three indexes for three types of businesses, the set of indicators developed by the Ministry of Information and Communications will be a common tool to assess the readiness and level of digital transformation of Vietnamese businesses.

Data is resource for Vietnam's economic development
Data is resource for Vietnam's economic development
SCI-TECH & ENVIRONMENTicon  16/12/2021 

Deputy Minister of Information and Communications Pham Duc Long at the Vietnam Internet Day 2021 spoke on the topic "Recovery and breakthrough in the era of datafication".

Heavy sanctions needed to prevent illegal trade of personal data
Heavy sanctions needed to prevent illegal trade of personal data
SCI-TECH & ENVIRONMENTicon  16/12/2021 

The personal data of many Vietnamese users is being illegally appropriated and even traded in the cyberspace.

Covid-19, other topics dominate Facebook in Vietnam in 2021
Covid-19, other topics dominate Facebook in Vietnam in 2021
SCI-TECH & ENVIRONMENTicon  16/12/2021 

Meta has announced the four most discussed topics of the year in Vietnam on their two social networking platforms Facebook and Instagram.

Vietnam Internet Day 2021 launched in Hanoi
Vietnam Internet Day 2021 launched in Hanoi
SCI-TECH & ENVIRONMENTicon  15/12/2021 

Internet Day 2021, themed “Recovery and breakthrough in the era of datafication”, was launched in Hanoi on December 15 by the Vietnam Internet Association (VIA) in coordination with relevant agencies.

Winners of National Innovative Technopreneur Contest announced
Winners of National Innovative Technopreneur Contest announced
BUSINESSicon  15/12/2021 

Otrafy, a startup that provides quality management and supply-chain software to the food industry, will represent Vietnam at the Startup World Cup next year after championing the National Innovative Technopreneur Contest today.

Free 5G mobile network launched in Da Nang
Free 5G mobile network launched in Da Nang
SCI-TECH & ENVIRONMENTicon  15/12/2021 

On December 13, Viettel’s 5G mobile network opened in Da Nang, providing free 5G service with unlimited capacity.

Investment in Vietnam’s start-ups exceeds US$1.3 billion
Investment in Vietnam’s start-ups exceeds US$1.3 billion
SCI-TECH & ENVIRONMENTicon  15/12/2021 

Digital technology is forecast to create US$74 billion for Vietnam's economy by 2027. However, Vietnam must attract investment capital from around the world, especially investment in startups.

Vietnamese still lack confidence in Vietnam-made technological products
Vietnamese still lack confidence in Vietnam-made technological products
SCI-TECH & ENVIRONMENTicon  15/12/2021 

Vietnam’s technology firms are capable of creating technological solutions that solve Vietnamese problems, but they still cannot overcome users’ doubts about their products.

VN tech firms take on mission of developing national digital platforms
VN tech firms take on mission of developing national digital platforms
SCI-TECH & ENVIRONMENTicon  14/12/2021 

The Ministry of Information and Communications has announced the list of 35 national digital platforms need to be developed, and has assigned Vietnam's key tech corporations to research and create these platforms.

Inspiring Characters 2021: The developers of Vietnamese game worth billions of USD
Inspiring Characters 2021: The developers of Vietnamese game worth billions of USD
FEATUREicon  14/12/2021 

Axie Infinity, one of a few Vietnamese technology startups with global influence, has gained far more value than the Vietnamese game Flappy Bird that was internationally popular a number of years ago.

Mekong Delta expands environmentally-friendly shrimp-rice farms
Mekong Delta expands environmentally-friendly shrimp-rice farms
SCI-TECH & ENVIRONMENTicon  14/12/2021 

The Cuu Long (Mekong) Delta is expanding its shrimp – rice farming areas as the cultivation model is efficient and sustainable, adapts to climate change, and is environmentally friendly.

Google Doodle celebrates Vietnam's "pho"
Google Doodle celebrates Vietnam's "pho"
SCI-TECH & ENVIRONMENTicon  13/12/2021 

The digital world honors one of the most outstanding Vietnamese dishes - "Pho" or hot noodle soup with beef.

Winners of Make in Vietnam Digital Technology Product 2021 Awards announced
Winners of Make in Vietnam Digital Technology Product 2021 Awards announced
SCI-TECH & ENVIRONMENTicon  13/12/2021 

Four products received the gold prizes of Make in Vietnam Digital Product Awards 2021 at a ceremony held on December 11.

Digital transformation to be the focus of socio-economic development
Digital transformation to be the focus of socio-economic development
SCI-TECH & ENVIRONMENTicon  12/12/2021 

Digital transformation will be the focus to effectively control the pandemic and restore socio-economic development over the next two years, Prime Minister Pham Minh Chinh has confirmed.

Strong commitment needed for sustainable development of planet: Minister
Strong commitment needed for sustainable development of planet: Minister
SCI-TECH & ENVIRONMENTicon  12/12/2021 

Vietnam’s commitment at COP26 was appreciated by leaders of countries and big corporations around the world.

Stricter measures needed to protect wild animals in Vietnam
Stricter measures needed to protect wild animals in Vietnam
SCI-TECH & ENVIRONMENTicon  12/12/2021 

Illegal trafficking of wild animals remains a problem in Vietnam despite the efforts of the Government and wildlife preservation organisations. 

 
 
 
Leave your comment on an article

OR QUICK LOGIN