Information-communications technology sector earns nearly 65 billion USD in H1
Total revenue of the information and communications technology (ICT) sector is estimated at nearly 65 billion USD in the first half of 2021, up 22 percent year-on-year, according to the Ministry of Information and Communication.
Hanoi (VNA) –Total revenue of the information and communicationstechnology (ICT) sector is estimated at nearly 65 billion USD in the firsthalf of 2021, up 22 percent year-on-year, according to the Ministry ofInformation and Communication.
Of the figure,57.6 billion USD came from the hardware and electronics industry.
The export turnoverof hardware and electronic products is estimated at 50.5 billion USD,accounting for 31.6 percent of the country’s total export value with a tradesurplus of 7.7 billion USD. The earnings mainly came from the export of computersand spare parts and mobile phones and components.
The telecoms industry posted a total revenue of nearly 66 trillion VND (2.86 billion USD) during January-June, up 5.29 percent against the same period last year.
This year, the ministry set a target of around 140 billionUSD in the revenue of the ICT sector, a year-on-year rise of 14 percent.
By the end of June, the sector had around 47,000 enterprises, which employed 1.055 million workers./.
The Vietnam News Agency has maintained its leading position in terms of readiness for information and communications technology (ICT) development and application among ministerial-level agencies and agencies under the Government that do not provide public services, after topping the Vietnam ICT Index rankings for the 4th consecutive year.
The central city of Da Nang has maintained its leading position in terms of readiness for Information and Communications Technology (ICT) development and application, topping the Vietnam ICT Index rankings for another year in 2020.
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The Indian Embassy in Hanoi on June 29 coordinated with the Vietnamese Ministry of Information and Communications in holding a webinar on information and communications technology (ICT) cooperation between India and Vietnam amidst the COVID-19 pandemic.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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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.
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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.
Illustrative image (Photo: VNA) 
