Digital technology firms, revenue up over 30% in five years: minister
The number of digital technology companies in Vietnam has increased by 30% while the industry’s revenue has risen by 32% since 2019, Minister of Information and Communications Nguyen Manh Hung said on December 11.
The fifth national forum on the development of digital technology businesses takes place in Quang Ninh province on December 11. (Photo: VNA)
Quang Ninh (VNA) – The number of digital technology companies in Vietnam has increased by 30% while the industry’s revenue has risen by 32% since 2019, Minister of Information and Communications Nguyen Manh Hung said on December 11.
The country’s digital technology industry has made encouraging strides over the last five years, he told the fifth national forum on the development of digital technology businesses held in northern Quang Ninh province, noting that the rate of Make-in-Vietnam products of the industry has gone up from 21% to 29%.
In particular, software production for foreign partners has grown 43%, involving 1,400 companies, with revenue nearing 10 billion USD.
The minister stressed that the forum was an occasion to review the development of and honour outstanding firms in the industry with the “Make in Vietnam” digital product awards.
He said that digital technology businesses of Vietnam now have a new mission which is contributing to national industrialisation and modernisation by creating digital applications and boosting digital transformation in different sectors and fields.
Minister of Information and Communications Nguyen Manh Hung addresses the forum. (Photo: VNA)
Meanwhile, Deputy Prime Minister Tran Hong Ha expressed his hope that the fast development of entrepreneurs and businesses in the industry with digital solutions, technologies, and applications will unceasingly bring about reforms and breakthroughs for all socio-economic aspects and affirm Vietnam’s foothold in the world.
At the forum’s main session, speakers shared success stories about the creation of digital products helping make changes in the country and the world.
Participants in panel sessions looked into the development of new technology-based products like Internet of Things, artificial intelligence, and semiconductor, and the commercialisation of those products in domestic and international markets. They also discussed barriers, challenges, and breakthrough solutions to provide more products and services on new digital platforms for markets.
At the forum, the Ministry of Information and Communications announced and presented the “Make in Vietnam” awards to honour the Vietnamese businesses and organisations with prominent digital technology products, solutions, and services.
Besides, exhibitions also gave visitors a chance to learn about and directly experience “Make in Vietnam” digital products./.
The first national forum on the development of digital economy and digital society took place in the northern province of Nam Dinh on September 14, discussing orientations and trends to help realise the country’s relevant targets for 2030 and beyond.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The fifth national forum on the development of digital technology businesses takes place in Quang Ninh province on December 11. (Photo: VNA) 
Minister of Information and Communications Nguyen Manh Hung addresses the forum. (Photo: VNA) 
