Vietnam’s Digital Technology Revenue Expected to Surge by 26% by 2025
Vietnam’s digital technology industry is set to experience significant growth, projecting a total revenue of $198 billion by 2025. This represents a substantial 26% increase compared to the previous year. These findings were shared at a recent conference organized by the Ministry of Science and Technology.
The country’s hardware and electronics exports are estimated to reach $178 billion this year, marking a remarkable 35% rise from last year and surpassing the annual target by 12%. This showcases the vital importance of this sector as a key contributor to the nation’s export economy.
Currently, the number of active digital technology companies in Vietnam stands at roughly 80,052, reflecting a 10% increase over the past year. Industry profits are also expected to exceed VND 371 billion (approximately $14.1 million) this year.
In the realm of information technology, the development of semiconductors has emerged as a major national priority. The implementation of the Strategy for Vietnam’s Semiconductor Industry Development, targeting completion by 2030 and with a long-term vision extending to 2050, is aimed at enhancing the country’s technological capabilities. This includes establishing the National Center for Semiconductor Chip Prototyping Support, which is intended to bolster support for local businesses.
These strides illustrate Vietnam’s commitment to advancing its digital technology landscape and fostering a robust economy in the tech sector.
