RoK-Vietnam conference on digital content

(VOV) -A conference covering the current status of digital content in Vietnam and the Republic of Korea (RoK)’s vast contribution to the industry was held by the Ministry of Information and Communications (MIC) in Hanoi on March 27.

MIC Deputy Minister Nguyen Minh Hong said the event provides assistance to  businesses and scientists involved in the information technology (IT) industry to seek cross-border partnership opportunities.

Digital content is a new but very promising sector that has already contributed to Vietnam’s economic growth. Although estimated to account for just 10 percent of earnings from IT industries, revenue from digital content has grown 20-40 percent over the past ten years.

In 2011, Vietnam’s IT sector consisted of 500-600 enterprises generating over 60,000 jobs and earning over US$1 billion.

Choi Youn Chel, a representative from the Korean Creative Content Agency (KOCCA), said the RoK has the leading digital content industry in the world, with the market valued at nearly US$3 billion in 2012. The country is now focusing on new technologies for personalisation, 3D and virtual reality.