return icon Vietnamnet.vn

Vietnamese ICT enterprises more deeply involved in global value chain

Over 10 years ago, Vietnamese software companies performed only a few stages under orders from foreign partners but the work has now expanded.

On December 8, the Ministry of Information and Communications (MIC) will organize the 4th National Forum on Developing Vietnam's Digital Technology Enterprises (Make in Vietnam Forum).

Nguyen Thien Nghia - Deputy Director in charge of MIC’s Department of Digital Technology and Communications – said the Make in Vietnam Forum has become one of the biggest annual events of Vietnam's digital technology industry. This is an event that plays a leading role in shaping the development direction of the digital business community.

“The Make in Vietnam Forum will exchange solutions to help Vietnamese IT and digital technology businesses join more deeply in the global value chain, making Vietnam an attractive destination for the world's big technology corporations and enterprises," Nghia said.

According to Nghia, policies for the IT industry are the most favored areas by the State. For example, newly established firms in the software industry are exempt from corporate income tax for the first 5 years and enjoy a 50% reduction for the next 9 years. This is a privilege that few countries in the world offer.

Regarding working space for businesses, in IT parks, besides general incentives, businesses also enjoy lower rental costs and additional services and access to the business community.

In the coming time, MIC will promote a network of IT industrial parks to serve the digital business community.

About 1,400 Vietnamese enterprises have exported their products to the global market. MIC will coordinate with the Department of Foreign Affairs Promotion (Ministry of Industry and Trade) to have digital technology enterprises participate in overseas trade promotion activities.

About 10-15 years ago, Vietnamese software companies performed only some coding stages to the orders from foreign companies. 

At present, 50-60% of outsourcing companies have made entire products. This is proof that Vietnamese ICT enterprises have raised their level in the value chain. Revenue from foreign partners in the software sector in 2022 is estimated at 2.2 billion USD.

Trong Dat

MORE NEWS

Vietnam's retail market predicted to bustle in 2023

Although 2023 is forecast to see many difficulties, experts expect this is a recovery year of the retail sector after COVID-19 pandemic as there are many signs showing the return of investors and higher demands.

Vietnam's leather and footwear industry targets US$27 billion in 2023 exports

The leather and footwear industry is striving to reach US$27 billion in export turnover in 2023, an increase of about 10% compared to one year earlier amid shrinking major markets and falling demand.

Discovering artisans' skills in Thanh Ha ancient pottery village

If pottery villages now mainly use molds, artisans in the Thanh Ha ancient pottery village in Hoi An city, Quang Nam, have kept their traditional method of making pottery - hand made and wheel thrown.

Destinations across Vietnam report surges in holiday-maker numbers during Tet

Tourist attractions across Vietnam have lured large numbers of holiday-markers during the week-long Lunar New Year (Tet) festival from January 20-26.

EVFTA presents tremendous trade, investment advantages

Commitments outlined in the EVFTA on both trade and investment are expected to contribute to attracting European businesses and investors to expand their activities in Vietnam, further promoting trade and investment cooperation.

10 houses with special architecture in Vietnam

With bold ideas, architects can create houses that are both aesthetic and functional. Here are 10 interesting houses in Vietnam.

89 people killed in traffic accidents during seven-day Tet holiday

A total of 152 traffic accidents occurred nationwide, killing 89 people and injuring 111 others during the 2023 Tet Lunar New Year holiday from January 20-26, reported the Traffic Police Department.

End of Tet holiday marked by high traffic congestion around major cities

In a bid to avoid the congestion, many people opted to return on Wednesday afternoon or Thursday morning.

Water resources planning scheme for 2021-2030 announced

The Ministry of Natural Resources and Environment (MONRE) has announced a water resources planning scheme for the 2021-2030 period with a vision to 2050, which was approved by the Prime Minister in December 2022.

Vietnamese businesses could join global supply chains with sound strategies: experts

A survey conducted by the association showed 63% of Japanese enterprises said they would continue investing in operation expansion in the next 1-2 years, reflecting that investors have great expectations for Vietnam's economic growth.

Ba Ria-Vung Tau welcomes nearly 2,400 international cruise tourists

International cruise ship Mein Schiff 5 with 2,370 tourists docked at SP-PSA port on January 26.

VIETNAM NEWS HEADLINES JANUARY 26

Da Lat faces traffic congestion due to tourist surge

VIETNAM BUSINESS NEWS JANUARY 26

Cashless payments continue to grow in popularity

What is the driving force for economic growth ahead in 2023?

The impressive growth momentum during the past year is expected to be a premise for Vietnam to achieve the growth target of 6.5% in 2023, according to economic experts.

Almost 3,000 tonnes of farm produce exported to China via Lang Son's border gates

Exports of agricultural and fruit products, mainly dragon fruit and mango, reached almost 2,700 tonnes to China through Lạng Sơn Province border gates on January 24, the third day of the Lunar New Year.
back_to_top