ICT industry sees growth of over 11% in 2024
The digital technology industry (ICT) industry's GDP contribution is estimated at VND989.02 trillion (US$38.8 billion), a rise of 11.2% compared to the previous year.
Meanwhile, the workforce in the industry totaled about 1.54 million employees, up 2%.
A green and black circuit board. |
The sẽtor alone accounted for VND3.88 quadrillion in revenue, reflecting a 14.1% growth. By 2025, the ICT sector aims to achieve VND4.32 quadrillion in revenue, representing an 11% increase from 2024.
Despite high revenue growth, the ICT industry's post-tax profit for 2024 remained flat at VND278.07 trillion, 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 US$132.34 billion, a 16.78% increase from US$113.3 billion in 2023.
For 2025, Vietnam has set a target of US$160 billion in hardware and electronics exports, representing a 20.8% growth from 2024.
As of Nov. 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.
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