The information and communications technology (ICT) industry’s total revenue is estimated at 4.24 quadrillion VND (166.7 billion USD) in 2024, marking a 13.2% increase from 2023.
Hanoi (VNA) - The information and communications technology (ICT) in🌜🎶dustry’s total revenue is estimated at 4.24 quadrillion VND (166.7 billion USD) in 2024, marking a 13.2% increase from 2023.
Its contributions to the State budget reached about 109.47 trillion VND, up 15.1% year-on-year, according to the Ministry of Information and Communications.
The sector's GDP contribution is estimated at 989.02 trillion VND, a rise of 11.2% compared to the previous year.
Meanwhile, the workforce in the industry totaled about 1.54 million employees, up 2%. The digital technology industry (ICT) alone accounted for 3.88 quadrillion VND in revenue, reflecting a 14.1% growth.
By 2025, the ICT sector aims to achieve 4.32 quadrillion VND in revenue, representing an 11% increase from 2024. Despite high revenue growth, the ICT industry's post-tax profit for 2024 remained flat at 278.07 trillion VND, the same as in 2023.
However, in the ICT industry picture, the bright spot is the recovery of hardware and electronics exports. After a 15.1% decline in 2023, exports rebounded to 132.34 billion USD, a 16.78% increase from 113.3 billion USD in 2023.
For 2025, Vietnam has set a target of 160 billion USD in hardware and electronics exports, representing a 20.8% growth from 2024.
As of November 30, the number of operational digital technology enterprises reached 54,500, up 16% from the same period in 2023. The goal for 2025 is to have 60,000 digital technology enterprises contributing to the sector’s growth./.
The Republic of Korea (RoK) Consulate General in the central coastal city of Da Nang on August 16 hosted a conference on the prospects of the two countries's ICT investment cooperation, with the participation of municipal leaders, Vietnamese and Korean enterprises and IT experts, and students from universities across the central region.
Minister of Information and Communications Nguyen Manh Hung had working sessions with leaders of Japanese ministries, sectors, and groups, and Vietnamese enterprises to discuss measures to boost Vietnam-Japan cooperation in the field of information and communications technology (ICT), within the framework of his visit to the East Asian nation from August 4-6.
A forum was held on June 10 in the central province of Quang Nam to promote the cooperation between the Republic of Korea (RoK) and Vietnam in the information and communications technologies (ICT) sector.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
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.
