Revenue of information, communications sector hit 150 billion USD annually: minister
The information and communications sector currently generates annual revenue of 150 billion USD, which accounts for one-third of the country's GDP, and its growth always doubles the GDP's rate, Minister of Information and Communications Nguyen Manh Hung told a Q&A session, as part of the National Assembly’s ongoing 8th sitting on November 12.
Minister of Information and Communications Nguyen Manh Hung (Photo: VNA)
Hanoi (VNA) - The information and communications sector currently generates annual revenue of 150 billion USD, which accounts for one-third of the country's GDP, and its growth always doubles the GDP's rate, Minister of Information and Communications Nguyen Manh Hung told a Q&A session, as part of the National Assembly’s ongoing 8th sitting on November 12.
This is a sector driven by several strategic technologies, including the Internet of Things (IoT), big data, cloud computing, quantum computing, artificial intelligence, blockchain, virtual reality, and cybersecurity, Hung said, adding that these emerging digital technologies are developing rapidly, forming a basic production force, and contributing to the creation of a new digital space.
They generate new resources, such as digital data, digital infrastructure, digital technologies, and digital industry which are crucial for the transformation of traditional industries essential to the nation's development in the digital age, he added.
The official went on to say that Vietnam's revolutionary journalism has made significant strides in both content and the development of its workforce, meeting the public's growing demand for information.
The Prime Minister has issued a strategy for the digital transformation of journalism, recognising cyberspace as the main battlefield for the press. Therefore, many press agencies have made concerted efforts to research and develop digital transformation plans, with a goal of building professional, humane, and modern media outlets that can reach more audience.
Regarding digital advertising, the minister stated that over the recent times, his ministry has intensified oversight of advertising activities in both the press and the online environment.
🎐 It has collaborated with relevant ministries and agencies to enhance technical measures for scanning and detecting illegal advertisements, with a focus on major social media platforms like Facebook, YouTube, and TikTok, which have a high volume of violations; and strengthen inspections, audits, and strict enforcement against brands with unlawful content, added Hung./.
The Ministers of Health, and Information and Communications will field questions raised at the 15th National Assembly’s ongoing eighth session on November 12.
Minister of Health Dao Hong Lan cleared up questions regarding the allocation of personnel, drugs, and medical supplies to the public, disease prevention and control after natural disasters, and medical practice licensing at the hearing of the 15th National Assembly’s eighth session in Hanoi on November 11.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
