Revenue from the communications and information industry saw a significant drop in the first half of this year due to the difficult global and domestic economic situation, according to the Ministry of Information and Communications.
Hanoi (VNS/VNA) - Revenue from thecommunications and information industry saw a significant drop in the firsthalf of this year due to the difficult global and domestic economic situation,according to the Ministry of Information and Communications.
The ministry’s report showed that the sector earned arevenue of more than 1.6 quadrillion VND (69 billion USD) in the January-Juneperiod, a drop of 8.66% against the same period last year and equivalent tojust 39.6% of the plan for the full year.
The sector’s contribution to the gross domesticproduct (GDP) was estimated at nearly 389.8 billion VND, falling by 7.2%.
Notably, the information and communicationstechnologies (ICT) sector reported a drop of 10.35% in revenue against the sameperiod to just 1.45 trillion VND, or 38.83% of the plan for 2023.
The ministry said that the drops were attributed todifficulties in the global economy as the economic recession in many countriesstill hasn't eased, resulting in a weak consumption market for IT products.
The Ukraine conflict and the COVID-19 pandemic alsoaffected the sector, which caused drops in IT exports from Vietnam.
Statistics showed that the ICT industry earned arevenue of 52.2 billion USD in the first five months of this year, falling by 8%over the same period last year, mostly due to the decrease in the exports ofhardware and electronic products. The export value of hardware and electronicproducts was estimated at 51.51 billion USD, falling by 9.56%.
In March and April, hardware and electronics exportsdropped considerably by 22.8% and 22.4%, respectively.
Statistics from the General Department of Customsshowed that the export of computers and components was estimated at nearly 20.3billion USD, falling by 15%, while the export of phones and components fell by9% to 21.4 billion USD.
Still, the sector saw increases in telecommunicationsservices by 7.9% to 74.47 trillion VND.
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Illustrative image (Photo: VNA) 
