Vietnam has more than 3,400 new digital technology enterprises in the first half of 2022

DNHN - The number of digital technology firms in Vietnam has steadily increased over the past several years, from 45,600 in 2019 to 58 000 in 2020 and 64,000 in 2021. The goal is to reach 70,000 firms by 2022.

According to the draft report summarizing the operation results of the information and communication industry in the first six months of the year, the task orientation for the last six months of 2022 will occur on July 18. The estimated revenue of the information technology industry is $72 million, an increase of 17.8 per cent over the same period. 

Specifically, in the revenue structure of the information technology industry during the last six months, the Make in Vietnam value ratio has exceeded 26,7 per cent, with an estimated value of around 19.4 billion USD.

According to the Ministry of Information and Communications, the number of digital technology enterprises in Vietnam is currently estimated to be 67,300, an increase of 3,422 enterprises compared to December 2021, reaching a rate of approximately 0.69 enterprises per 1,000 people (equal to the population; 98 per cent of the year plan is 0.7 enterprises/1,000 people).

Thus, the number of digital technology businesses in Vietnam has steadily increased over the past several years, from 45,600 in 2019 to 58,000 in 2020 and 64,000 in 2021. In 2022 Vietnam will achieve 70,000 companies.

According to the Strategy for the Development of Vietnam's Digital Technology Industry to 2025, with an eye on 2030, the objective is to establish 80,000 digital technology firms by 2025.

Notable is the fact that the growth of Vietnamese digital technology businesses in different regions is not consistent. Ho Chi Minh City is one of four cities with a very high proportion of digital technology businesses per 1,000 residents. Ho Chi Minh City (3.19), Hanoi (2.29), Da Nang (2.24) and Bac Ninh (1.02).

These four provinces account for around 72% of the nation's total digital technology firms.

In many provinces/cities, this ratio is still at a very low level, with just 0.07 digital technology firms per 1,000 inhabitants compared to the average rate of 0.677%, thus it has not satisfied the needs for digital transformation and socioeconomic growth in the region.

According to the Strategy for the Development of Vietnam's Digital Technology Industry to 2025, with a Focus on 2030, the objective is to develop 80,000 digital technology enterprises by 2025; digital technology products and services to meet more than 50 per cent of domestic demand; to develop 1.5 million human resources, and to attract 25 billion USD in foreign investment.

The digital technology industry's contribution to Vietnam's GDP ranges from 6 to 6.5 per cent, and the Make in Vietnam value in the ICT industry's total income has reached 60 million USD, equating to a Make in Vietnam rate of 32.50 per cent. 

The objective is to build 1,000,000 digital technology firms by 2030; digital technology products and services to fulfil over 70% of local demand; to develop 1,800,000 human resources, and to attract 30 billion USD in international investment. The contribution of the digital technology industry to Vietnam's gross domestic product is between 6 and 6.5 per cent.

PV