Vietnam’s Information and Communications sector has achieved a staggering annual revenue of $150 billion, equal to one-third of the national GDP, as shared by Minister Nguyen Manh Hung during a National Assembly session on November 12.

Vietnamese digital technology firms are paying increasing attention to branding and imaging in the international market. The ‘Made by NTQ’ and ‘Made by FPT’ brands have been rising strongly since late 2023.

Opportunities always exist, even in a difficult market like Hong Kong (China), where some Vietnam’s technology firms have succeeded.

The Ministry of Information and Communications (MIC) has introduced a groundbreaking digital infrastructure framework aimed at revolutionizing the nation’s digital landscape.

Vietnam's digital technology enterprises are realizing their ambitions of global expansion, with international revenues projected to reach $10 billion in 2024. The country is also one of only five nations capable of producing 5G equipment.

The Vietnam-Japan digital transformation association (VADX JAPAN) is expected to act as the strategic bridge to help Vietnam’s IT firms reach revenue of $1 billion by 2025.

In order to have workforce for the semiconductor industry, AI and blockhain, Vietnam needs shorter-term training, experts say.

According to the Ministry of Information and Communications, the cyber information security market has seen an increase of 46.8 percent in revenue.

The Decision aims to develop a synchronous, modern postal network linking the real world and the digital world, part of the essential infrastructure of the country and the digital economy.

Building high-quality data centers is currently one of the key focuses of Vietnam's digital transformation, in line with its strategy to develop a digital economy and a digital nation.

Despite ongoing challenges, new development opportunities are emerging for Vietnam’s ICT industry, driven by 4G and 5G networks.

Revenue of the information and communications technology industry (ICT) was valued at over VNĐ1.71 quadrillion, equivalent to US$72.9 billion, by the end of last month, down 7.1 per cent compared to the same period last year.

Vietnamese technology firms are making their mark in the international market, especially in Japan.

According to the Ministry of Information and Communications (MIC), Vietnam strives for the revenue of $2 billion from software exports by the end of 2023.

The information technology (IT) labor market is still hot as it lacks workers with high qualifications, especially ones majoring in aritificial intelligence (AI), data and information security.

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.

The Ministry of Information and Communications (MIC) on June 30 held a meeting to review the first-half performance and set tasks for the remaining months of the year.

Startups are deemed unicorns – mainly if not all are technology driven – are those valued at least US$1 billion, and a statistical report says unicorn startups account for less than 0.08% of all startups.

In order to obtain a high ratio of IoT (Internet of Things) device connection density to the population, Vietnam needs to make greater efforts with the cooperation of all technological firms.