Want to be in the loop?
subscribe to
our notification
Business News
IT REVENUE GROWS 9% IN JAN-OCT
Total revenues of the information technology (IT) industry amounted to VND2.562 quadrillion (US$110.7 billion) in January-October this year, increasing 9% compared with the same period last year.
IT revenues in the third quarter of 2021 soared 26.8% from the second quarter, according to the Ministry of Information and Communications.
Revenues of the hardware and electronic sector reached US$98.1 billion, accounting for some 90% of the total.
Revenues of Vietnamese IT companies amounted to VND292 trillion, accounting for 11% of the total.
The cyber security sector achieved positive growth amid the Covid-19 pandemic. Cyber security revenue reached over VND1.5 trillion, rising 8% year-on-year.
Meanwhile, the post sector was severely affected by the pandemic. As of the end of the third quarter, revenues from post services reached VND7.5 trillion.
In October, revenues from telecommunication services increased a fractional 0.09% compared with the same period last year. The number of smartphone users reached 91.71 million, accounting for 74.1% of the total mobile phone subscribers and rising 10.4% year-on-year.
In related news, the Ministry of Information and Communications is collaborating with the Ministry of Education and Training to implement a program in which students will be supported to gain access to the Internet and computers to facilitate their online learning amid the pandemic.
The program aims to provide mobile Internet connections for 283 remote locations to facilitate online learning among local children.
Besides, the program is mobilizing one million computers for school children of poor and near-poor households across the country this year, especially for areas at risk of Covid-19 transmission.
In the second stage (2022-2023), the program will continue to mobilize more resources, aimed at ensuring 100% of students from poor and near-poor households in the country have computers to learn online.
Source: The Saigon Times
Related News
VIETNAM’S GDP TO GROW 5.5% THIS YEAR – WB
This forecast is based on the assumption of a moderate recovery in manufacturing exports in 2024, fueled by rebound growth of 8.5% year-on-year in the fourth quarter of 2023 and 17.2% year-on-year in the first quarter of 2024, reflecting strengthening global demand, said Dorsati Madani, senior country economist at the WB in Vietnam.
FARE REFUND FOR VISA REJECTION
Cathay Pacific will offer full refunds for cases of visa rejection to provide you with the confidence to explore the world with ease. If you are planning to fly to a destination that requires an entry visa, you can now book with greater peace of mind.
FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
DA NANG CUSTOMS FOCUSES ON DEVELOPING CUSTOMS-BUSINESS PARTNERSHIPS
Da Nang Customs Department issued an action plan for developing customs-business partnership in 2024. One of the new events this year is the workshop on “Settlement reports for enterprises engaged in outsourcing, export production and export processing” held in Da Nang Customs Department on April 16, 2024.