IT industry earns US$110.7 billion in 10 months
Vietnam earned over VND2.56 quadrillion (US$110.7 billion) in revenue from the IT industry in the first 10 months of 2021, up 9% from the same period last year, data from the Ministry of Information and Communications (MIC) showed.
Of the figure, 11% or VND292 trillion was generated by Vietnamese enterprises, the MIC said, adding the third quarter's revenue was 26.8% higher than the previous quarter.
The electronics and hardware sector contributed nearly 90% of total revenue, or VND2.27 quadrillion (US$98.1 billion). The sector exported US$88.3 billion worth of products, equivalent to 32.5% of the nation’s total export turnover.
Revenue from the cybersecurity sector rose by 8% to exceed VND1.53 trillion during the period, according to the ministry.
Due to impacts of the prolonged COVID-19 pandemic, revenue of postal companies declined to VND7.5 trillion in Q3.
Total revenue from telecommunication services edged up just 0.09% year-on-year in October, with the number of smartphone users reaching 91.71 million, accounting for 74.1% of total subscribers and 10.4% higher than a year earlier.