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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 revenuein 2015 and 10 billion USD during 2020, according to a programme ondeveloping the IT industry.

The city plans to develop at least seven production centres – insoftware, services and digital content – as well as train 60,000 ITengineers to meet the industry's increasing demand for skilledpersonnel.

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

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

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