ICT revenue drops on struggling economy

Revenue from the communications and information industry saw a significant drop in the first half of this year due to the difficult global and domestic economic situation, according to the Ministry of Information and Communications.
ICT revenue drops on struggling economy ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNS/VNA) - Revenue from thecommunications and information industry saw a significant drop in the firsthalf of this year due to the difficult global and domestic economic situation,according to the Ministry of Information and Communications.

The ministry’s report showed that the sector earned arevenue of more than 1.6 quadrillion VND (69 billion USD) in the January-Juneperiod, a drop of 8.66% against the same period last year and equivalent tojust 39.6% of the plan for the full year.

The sector’s contribution to the gross domesticproduct (GDP) was estimated at nearly 389.8 billion VND, falling by 7.2%.

Notably, the information and communicationstechnologies (ICT) sector reported a drop of 10.35% in revenue against the sameperiod to just 1.45 trillion VND, or 38.83% of the plan for 2023.

The ministry said that the drops were attributed todifficulties in the global economy as the economic recession in many countriesstill hasn't eased, resulting in a weak consumption market for IT products.

The Ukraine conflict and the COVID-19 pandemic alsoaffected the sector, which caused drops in IT exports from Vietnam.

Statistics showed that the ICT industry earned arevenue of 52.2 billion USD in the first five months of this year, falling by 8%over the same period last year, mostly due to the decrease in the exports ofhardware and electronic products. The export value of hardware and electronicproducts was estimated at 51.51 billion USD, falling by 9.56%.

In March and April, hardware and electronics exportsdropped considerably by 22.8% and 22.4%, respectively.

Statistics from the General Department of Customsshowed that the export of computers and components was estimated at nearly 20.3billion USD, falling by 15%, while the export of phones and components fell by9% to 21.4 billion USD.

Still, the sector saw increases in telecommunicationsservices by 7.9% to 74.47 trillion VND.

In the national digital transformation, as of June 18,more than 1.39 billion transactions were conducted by the national governmentservice platform.

In addition, more than 849,290 enterprisesparticipated in the small and medium enterprises support programme fro digitaltransformation (SMEdx), or 106.1% of the 2023 plan./.



VNA

See more

Wind turbines stand fully installed at a wind power project in Gia Lai province. (Photo: VNA)

Gia Lai approves 56-million-USD wind power project

The 42MW wind farm is expected to generate about 123,780.8 MWh of electricity each year. Power generated will be transmitted to the national grid via the 220kV Pleiku 2–Krong Buk transmission line.

Garments for export to the Japanese market are produced at Hung Viet Garment Company in Hung Yen province. (Photo: VNA)

Vietnam’s garment sector pivots towards value-added growth

Future growth can no longer rely on expanding production capacity alone. Meeting this year's 48 billion USD export target will require greater productivity, higher value addition, stronger domestic sourcing, broader market diversification, and faster digital and green transformation.

Trucks carrying goods wait for customs clearance at the Thanh Thuy International Border Gate in Tuyen Quang province. (Photo: VNA)

Border economy strengthens Tuyen Quang’s growth momentum

While the stronger performance provides momentum for the province's 2026 growth target of 10.17%, officials say the focus must now shift from increasing cargo volumes to expanding services, reducing costs and retaining more value locally.

Construction of several key components of Long Thanh International Airport is entering its final stages. (Photo: VNA)

Major works at Long Thanh International Airport gather pace towards completion

The ACV said on July 20 that contractors are deploying additional workers and equipment to speed up construction under Component Project 3, which covers the airport's essential aviation infrastructure. Major facilities, including the first and second runways, taxiways, aircraft aprons, the passenger terminal apron and the aircraft fuel supply system, are approaching completion.

The VinFast Evo electric motorcycle on display at the event. (Photo courtesy of VinFast)

VinFast marks new step in expansion strategy in Southeast Asia

The Evo is priced at 17.5 million IDR (about 973.90 USD) in Jakarta and is available in four colour options: black, red, white and olive green. The Feliz II is sold for 18.5 million IDR, while the Viper is priced at 22 million IDR. All prices include a battery subscription package.

Passengers check in at Hanoi's Noi Bai International Airport. (Photo: VNA)

Vietnam records 15.4% growth in international air passengers

CAAV statistics show that international passenger throughput reached 26.2 million as of June 15, 2026. Of the total, Vietnamese airlines transported 9.6 million international passengers, a slight increase of 0.2% year-on-year, accounting for 36.6% of the total international passenger market.

Vietnam, RoK expand supply chain, manufacturing cooperation

Vietnam, RoK expand supply chain, manufacturing cooperation

Beyond sourcing products, RoK companies aim to build long-term partnerships with Vietnamese firms through product showcases, business-to-business (B2B) matchmaking, investment opportunities and sustainable supply chain development.

Ho Chi Minh City, GTEL partner on technology transfer for metro network

Ho Chi Minh City, GTEL partner on technology transfer for metro network

The two sides will study and localise key technologies covering signalling, communications, power supply, electromechanical systems (E&M), SCADA, operations control centres (OCC), automatic fare collection (AFC) and platform screen doors (PSD), while advancing technology transfer, workforce development and the capabilities of domestic enterprises.