Hanoi targets 5 billion USD in IT revenues

Hanoi aims to earn 5 billion USD from information technology revenue in 2015 and 10 billion USD during 2020, according to a programme on developing the IT industry.
Hanoi aims to earn 5 billion USD from information technology revenue in 2015 and 10 billion USD during 2020, according to a programme on developing the IT industry.

The city plans to develop at least seven production centres – in software, services and digital content – as well as train 60,000 IT engineers to meet the industry's increasing demand for skilled personnel.

Software and digital content sectors are expected to post an annual growth rate of 30 percent, reaching 900 million USD and 1.1 billion USD each year, respectively, while the hardware sector hopes to generate 3 billion USD from revenue per year.

To this end, the capital will continue to upgrade infrastructure facilities for the IT industry with a focus on preparing sufficient land funds for the establishment of hi-tech parks, said deputy director of the municipal Information and Communications Department Dang Vu Tuan.

Tuan said authorities will also work on drawing up incentive policies to attract large IT groups to invest in hi-tech parks and help local IT enterprises improve their production capacities, develop and protect trademarks as well as sharpen the competitiveness of their products./.

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