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Vietnamese digital technology industry's revenue estimated at 148 billion USD in 2022

A national forum on the development of digital technology enterprises (Make in Vietnam Forum 2022), one of the biggest annual events of Vietnam’s digital technology industry, was held in Hanoi on December 8.
Vietnamese digital technology industry's revenue estimated at 148 billion USD in 2022 ảnh 1At the event (Photo: VNA)

Hanoi (VNA) – A national forum on the development of digital technology enterprises (Make inVietnam Forum 2022), one of the biggest annual events of Vietnam’s digital technologyindustry, was held in Hanoi on December 8.

Speaking at the forum,Deputy Prime Minister Vu Duc Dam said that technology carries the mission of paving the way. He also pointed out three issues, namely institutions, human resources and new problems that need to be solved by modern digital technology.

Dam urged digitaltechnology enterprises to join hands and stay united to seek digital solutions serving the government and people.

Deputy Minister ofInformation and Communications Pham Duc Long affirmed that digital businessesneed to have ambitions and pioneer in helping to turn Vietnam into a developed country by2045. Businesses must turn digital technology into an important driving forcefor creativity and innovation, he said.

The Ministry of Information and Communications willconsider changing institutions to better support the development of digitalbusinesses, he said, adding that it will also accompanythe Ministry of Education and Training to develop human resources, making it acore for the national digital transformation process.

The ministry will workwith the business community to further explore the domestic market and then,enter the foreign markets, he said.

Long said that thedigital technology industry is a bright spot in Vietnam's economy. Its revenue is estimated to reach about 148 billion USD in 2022, marking a year-on-year increase of 10%.

Vietnam now has 70,000digital technology firms and the exports of the digitaltechnology industry are estimated at 136 billion USD, Long noted.

Vietnamese digitaltechnology enterprises have continued to affirm their pioneering role in research,development and innovation, mastering technology, and making importantcontributions to the process of promoting national digital transformation, he added.

At the forum,enterprises shared information about global information technology trends, andproposed solutions to develop sustainable Vietnamese digital technologyenterprises, master the domestic market, and enhance Vietnam's value in theglobal value chain.

On the sidelines of theforum, a hybrid exhibition displays and offers participantsopportunities to experience typical Make-in-Vietnam digital technologyproducts, that are expected to serve the development of the digital government,digital economy and digital society./.

VNA

Resolution No. 57-NQ/TW of the Politburo on the development of science, technology, innovation and national digital transformation states that these areas are becoming not only prerequisites but also a historic opportunity for the country to achieve prosperity and strengthen national competitiveness in a new era of development.

Deputy Prime Minister Ho Quoc Dung has signed a decision approving a plan to develop large domestic strategic technology enterprises in the 2026–2030 period, aimed at advancing digital infrastructure, digital human resources, digital data, strategic technologies and cybersecurity.

It has become part of Vietnam’s national digital transformation agenda under Politburo Resolution No. 57-NQ/TW dated December 22, 2024, which seeks to establish data, technology, innovation and digital governance as new pillars of economic competitiveness.

Vietnam’s legal framework already enables intangible asset valuation, and international methodologies can be applied. Yet IP valuation remains a knotty problem for regulators, valuation firms, universities, research institutes and businesses, all of whom are hunting for clearer roadmaps.

Deputy PM Ho Quoc Dung stressed the need for close coordination among the Ministry of Science and Technology, the Ministry of Justice and the Government Office to finalise and submit for issuance key decrees guiding the implementation of the Law on High Technology and the Law on Digital Transformation within this month, thus enabling them to be brought into practice as soon as possible.

The incentives are also expected to attract and retain scientists and technology experts while providing enterprises with additional resources to enhance competitiveness in strategic sectors such as artificial intelligence, semiconductors, software and biotechnology.

Vietnam’s cybersecurity landscape has witnessed a notable shift in recent years. While the number of cyberattacks recorded in 2025 showed signs of decline, the proportion of organisations suffering actual damage rose to 52.3%. Cyberattacks increasingly target critical sectors, including banking, finance, energy, telecommunications, and government agencies.

Vietnam is among the fastest-growing countries within the group ranked between 21st and 50th globally in StartupBlink’s 2026 report. Hanoi, Ho Chi Minh City, Da Nang and Hai Phong are now listed among the world’s top 1,000 startup ecosystems.

The country also aims to support at least 500,000 small and medium-sized enterprises in digital transformation, develop a minimum of five digital technology companies capable of competing with counterparts in advanced economies, and establish at least five operational data exchanges.

Highly valuing Bulgaria's extensive experience in operating the Kozloduy nuclear power plant and training specialised personnel, Ambassador Nguyen Thi Minh Nguyet proposed boosting bilateral cooperation in specialist training, scientific research, and the sharing of management, operational, and nuclear safety expertise.

Dot Inc. is working with Google and an AI education partner in Vietnam to explore the deployment of assistive technologies in schools and educational institutions.

In addition to the exhibition activities, Agri & Biotech Vietnam 2026, lasting until June 12, is set to host a series of specialised forums and seminars. Topics of particular interest to businesses include farming exports, sustainable development of the pepper and spice industries, low-emission agriculture, carbon credits, the circular economy, biotechnology and innovative start-ups.

Vietnamese Ambassador to Iran Nguyen Luong Ngoc said greater understanding of each side’s strengths and potential, particularly in AI and information technology, will provide a solid foundation for expanding future cooperation.

Vietnam is pursuing a focused approach to quantum technology, rather than trying to compete head-to-head with leading technology powers across the full spectrum of quantum research.

According to the National Cybersecurity Association (NCA), cyberattacks are rising in both frequency and severity. Attackers are targeting critical infrastructure, personal data, and public services with increasingly advanced methods. This isn't just a technical glitch, but a systemic vulnerability requiring a workforce that can analyse and respond in real time.

Vietnam has identified that strategic technologies with strong spillover effects are key areas for investment and development. These technologies help enhance self-reliance, create national competitive advantages, ensure national defence and security, and promote sustainable socio-economic development

Vietnam possesses significant advantages and strong potential to emerge as a global centre for artificial intelligence (AI), according to billionaire Eric Schmidt, former Chairman and CEO of Google and former Chairman of the US National Security Commission on Artificial Intelligence (NSCAI).

The event paired a robotics showcase with an innovation networking session, spotlighting Vietnamese companies’ research, development and technological mastery in robotics, automation and artificial intelligence.

The competition offered Vietnamese students a valuable opportunity to affirm the country’s position on the global technology stage.

Vietnam and Estonia share similar approaches to digital citizenship development, placing citizens at the centre of digital transformation and using electronic identity systems and resident databases as foundations for online public services and digital transactions.