Business

Revenue from cybersecurity sector up 33% in Q1

The Ministry of Information and Communications (MIC) recently reported positive results for the cybersecurity sector in the first quarter of 2023.
Revenue from cybersecurity sector up 33% in Q1 ảnh 1Inside a cybersecurity centre. (Photo: Transcosmos)
Hanoi (VNS/VNA) - The Ministry of Information and Communications(MIC) recently reported positive results for the cybersecurity sector in thefirst quarter of 2023.

Specifically, the sector posted revenue of 252.8 billion VND (10.6 million USD)during the period, an increase of 33.5% year-on-year, resulting in a growth of33.1% to 20.22 billion VND.

It contributed 21.8 billion VND to the State budget, up 50.6% over the sameperiod last year.

According to the ministry, there are 103 cybersecurity enterprises operating inthe industry during the period, a rise of 12% on-year, creating 3,492 jobs, up10.6%. And the rate of domestic to foreign earnings reduced by 10.1% to 45.1%.

By the end of February, the total number of issued public digital certificatesjumped 23.18% to nearly 5.87 million. Of which, the active ones rose 17.89% toapproximately 1.9 million in February alone.

Its digital certificate status maintaining fees contributed an accumulatedvalue of 10.79 billion VND to the State budget since the beginning of the year.

In the second quarter of 2023, MIC plans to create strategies to fulfilinformation security platforms for users both in Vietnam and foreign countries.

It also cooperates with the Committee on Science, Technology and Environment tocomplete the Law on Electronic Transactions and implement other tasks accordingto the guidance document No 652 in 2023./.
VNA
#Ministry of Information and Communications #cybersecurity #revenue #Vietnam #Vietnamplus #Vietnam News Agency
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