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Vietnam builds digital technology industry development strategy to 2025

Deputy Prime Minister Vu Duc Dam has agreed with the proposal by the Ministry of Information and Communications (MIC) on replacing the IT, electronics and telecommunications development program with a digital technology industry development strategy.

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Dam has assigned MIC to review and report to the Prime Minister the national strategy on developing digital technology firms by 2030, after the national strategy on developing digital technology industry by 2025 gets approval.

Under the information and communications development plan in 2022 and 2022-2024, MIC defines the strategy on developing digital technology industry to 2025, with a vision towards 2030, one of seven key tasks of the ICT industry field in 2022.

MIC specifies the digital technology industry as the mainstay for building a digital government, modernizing and smartening industry, commerce, services, agriculture and all aspects of social life. The industry has strength, position and influence in the region and in the world.

Regarding the major tasks of the ICT industry in 2022 and medium term, MIC’s Directive No01 says the ministry will continue promoting Make in Vietnam technological products, striving to turn Vietnam into a country that masters technology and develops products not only for the domestic market but international market as well.

Vietnam will also apply measures to develop digital technology firms and apply digital technology in all aspects of economic, cultural and social life.

The ministry will create favorable conditions for Vietnam’s firms to continue making investment for research and development of 5G devices that serves the program on 5G commercial services with domestically made equipment; build policies and mechanisms that facilitate the development of the national digital technology industry; and perfect policies to facilitate the IT, electronics and communication industries.

Regarding the major tasks in 2022-2024, MIC will focus on developing the ecosystem of digital technology firms and improve human resources quality by organizing activities to connect supply and demand, and to connect large SMEs and innovative startups; and building, updating and deploying the application of digital technology workforce’s standard skills. It’s expected that digital technology firms will make up 6-6.5 percent of GDP in 2022-2024.

According to MIC, as of the end of 2021, Vietnam had 64,000 digital technology firms, an increase of 5,600 firms compared with 2020, and 1,000 Vietnam-made ICT products and services.

The total revenue of the ICT industry in 2021 reached $136.153 billion, higher than the $124.678 billion in 2020. Of this, the revenue of Vietnamese firms was $18.779 billion, accounting for 13.8 percent of total revenue of the ICT industry.

Vietnam strives to have 70,000 digital technology firms by the end of this year.

Van Anh

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