70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Vietnam IT revenues up 18% on year to US$72.5 billion in H1/2022
Khanh Khanh 23:36, 2022/07/19
Vietnam expects IT sector to contribute 6-6.5% to GDP by 2025.

Revenues from Vietnam's information technology (IT) in the first six months of 2022 were estimated at US$72.5 billion, up 17.8% on year, according to the Ministry of Information and Communications (MIC). 

Of the total, revenues from hardware and electronics exports were estimated at $57 billion, rising 16.4% on year, those of computer shipments amounted to $29.1 billion, up 21.8%, while electronic export earnings reached $27.9 billion, increasing 11.2%.

In particular, revenues from Make-in-Vietnam products accounted for nearly 27% of the total, hitting $19.4 billion, the ministry said in its report reviewing the performance of the sector in the first half (H1) of this year and setting out the tasks for H2.

Meanwhile, revenues of the information and communications technology (ICT) reached approximately $77 billion, rising 17% compared to the same period last year. Profit was estimated at $5.9 billion, up 13%, according to the report released on July 18.

This year, the ministry set a revenue target of around $140 billion for the ICT sector, a year-on-year increase of 14%.

 VinSmart factory in Hanoi's Hoa Lac Industrial Park. Photo: Vingroup

Regarding the IT landscape, around 3,400 digital technology enterprises were established in the first half (H1) of this year, according to the MIC.

The figure helps make the ministry's target of having 70,000 firms working in this sector in 2022 possible following a sharp rise over the years, from 64,000 in 2021, 58,000 in 2020, and 45,600 in 2019. 

As of end-June, the number of digital technology companies in Vietnam is estimated at 67,300, an increase of 3,422 companies compared to last December.

Vietnam targets to have 80,000 digital technology enterprises by 2025, and 100,000 by 2030. It expects that the industry technology would contribute 6%-6.5% to the country's gross domestic product (GDP) by 2025.

TAG: Make-in-Vietnam products Vietnamese digital technology enterprises
Other news
17:35, 2024/06/22
Hanoi's trade and service sector hiring demand soars
In the first five months of this year, Hanoi found job placements for more than 100,000 workers, reaching 60.8% of the annual plan, an increase of 16.8% year-on-year.
17:04, 2024/06/20
Vietnam encourages people to sell excess rooftop solar power
Rooftop solar installations should be economically beneficial to residents while also enhancing national energy security.
13:44, 2024/06/19
Vietnamese Gov’t defers excise tax for domestic automakers
This year's excise tax deferral amounts to approximately VND8.56 trillion ($336 million).
22:37, 2024/06/18
Hanoi-hosted promotional event highlights tourism cooperation
Vietnam and China's province hope to better tap the tourism potential of both sides in the coming time.
17:01, 2024/06/18
"Best lychees from Vietnam” campaign launched in Thailand
This new approach aims to change the way Thai consumers perceive Vietnamese agricultural products.
12:23, 2024/06/13
Vietnam, Germany eye cooperation on energy transition
Germany stands ready to cooperate with Vietnam on energy transition through the Just Energy Transition Partnership (JETP).