Vietnam going big in cyber space as digital tech companies earn a whopping US$158bil in 2024


Electronics production at Rhythm Precision Vietnam in the Noi Bai Industrial Zone. -- Photo: Vietnam News/ANN

HANOI (Xinhua): Total revenue of Vietnam's digital technology companies reached nearly US$158 billion in 2024 with a 10.2 percent year-on-year increase, Vietnam News Agency cited the Ministry of Information and Communications on Friday.

As of late 2024, the country had 73,788 digital technology enterprises, marking a 10.1-per cent increase from the same period in 2023.

Nearly 1.26 million workers are employed in the information and communication technology sector, said the ministry.

Among those, about 1,900 enterprises reported revenue from international markets.

Total overseas revenue surged by 54 per cent compared to 2023, reaching US$11.5 billion in 2024.

The ministry projects that the revenue of the information and communication technology sector will reach 169.3 billion dollars this year, up 11.4 percent from last year. - Xinhua

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