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Friday, July 1, 2022

Some 5,600 digital tech firms newly established this year

By Van Ly

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HANOI – Digital transformation in Vietnam has grown strongly thanks to the Covid-19 pandemic, leading to the digital tech business community expanding, with some 5,600 firms being newly established this year.

These firms include local and foreign-invested ones, according to the Ministry of Information and Communications.

Vietnam now has nearly 64,000 digital tech businesses, with over one million employees.

In 2020, due to the impact of the pandemic, the country’s gross domestic product (GDP) growth stood at 2.91%, while the digital technology industry hit over 9%, a three-fold increase against the nation’s GDP expansion.

Apart from outsourcing and assembling operations, many Vietnamese digital tech firms have manufactured and mastered their products and built their own digital platforms.

To foster the development of these digital tech companies, the national forum for digital enterprise development will be held on December 11 in Hanoi City.

The third edition, organized by the ministry, is aimed at helping digital tech firms recover after the pandemic and gathering solutions and ideas to speed up Vietnam’s digitalization.

The ministry expects the national forum to spread the startup spirit to help Vietnam fulfill its target of establishing 100,000 digital tech firms.

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