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Vietnam’s digital tech sector generates US$7.5 billion from overseas markets

The Saigon Times

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HCMC – Vietnam’s digital technology sector has achieved a significant milestone, with 1,500 enterprises generating US$7.5 billion in revenue from foreign markets, said Nguyen Manh Hung, Minister of Information and Communications.

Speaking during his visit to the local technology company FPT Corporation on February 15, he said, “FPT Corporation’s achievement of US$1 billion in revenue from overseas markets signifies its elevation to a new level of global competitiveness.”

He said technology companies like FPT are vital for the country’s progress in the 21st century.

“We have over 40,000 digital technology firms. However, the majority are small. They greatly need successful large companies like FPT to look up to, to gain confidence, especially in venturing abroad,” Hung noted.

Truong Gia Binh, chairman of FPT Corporation, outlined the company’s ambitious goals for 2024, aiming for revenue growth of over 17%. The company’s strategic focus areas include artificial intelligence (AI), semiconductor technology, and automotive technology.

Hung highlighted 2024 as the inaugural year for Vietnam’s implementation of a national semiconductor strategy and emphasized the significance of AI applications during this period.

The minister urged FPT to become a source of national pride, leading Vietnam’s AI sector, and effectively addressing domestic market challenges while expanding globally.

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