HANOI (Xinhua): Vietnam's information and communications technology (ICT) industry aims to achieve 4.32 quadrillion Vietnamese dong (US$169.7 billion) in revenue in 2025, representing an 11 percent increase from 2024, local media reported on Friday.
The sector's total revenue in 2024 reached 4.24 quadrillion dong (US$166.5 billion), marking a 13.2 per cent increase from 2023, according to Vietnam News Agency.
The industry's gross domestic product contribution in 2024 was estimated at 989.02 trillion dong (US$38.8 billion), a rise of 11.2 per cent compared to the previous year.
About 1.54 million people were employed by the ICT industry in Vietnam in 2024.
Meanwhile, Vietnam's IT outsourcing could generate US$880 million by 2028, with an annual growth rate of 16.38 percent, Vietnam News reported on Friday, citing an official.
It was estimated that the Vietnam's outsourcing market reached a value of nearly 698 million dollars in 2024.
Nguyen Thien Nghia, deputy director of the Department of Information Technology and Communications Industry under the Ministry of Information and Communications, said Vietnam's biggest advantage in global markets was its affordable and high-quality workforce.
Vietnamese IT engineers' salaries are only about one 10th of the global average, yet their work quality is highly regarded, he said.
Vietnam has consistently appeared in top 10 global outsourcing providers over the past two years. - Xinhua
