Politics

Revenue of information, communications sector hit 150 billion USD annually: minister

The information and communications sector currently generates annual revenue of 150 billion USD, which accounts for one-third of the country's GDP, and its growth always doubles the GDP's rate, Minister of Information and Communications Nguyen Manh Hung told a Q&A session, as part of the National Assembly’s ongoing 8th sitting on November 12.

Minister of Information and Communications Nguyen Manh Hung (Photo: VNA)
Minister of Information and Communications Nguyen Manh Hung (Photo: VNA)

Hanoi (VNA) - The information and communications sector currently generates annual revenue of 150 billion USD, which accounts for one-third of the country's GDP, and its growth always doubles the GDP's rate, Minister of Information and Communications Nguyen Manh Hung told a Q&A session, as part of the National Assembly’s ongoing 8th sitting on November 12.

This is a sector driven by several strategic technologies, including the Internet of Things (IoT), big data, cloud computing, quantum computing, artificial intelligence, blockchain, virtual reality, and cybersecurity, Hung said, adding that these emerging digital technologies are developing rapidly, forming a basic production force, and contributing to the creation of a new digital space.

They generate new resources, such as digital data, digital infrastructure, digital technologies, and digital industry which are crucial for the transformation of traditional industries essential to the nation's development in the digital age, he added.

The official went on to say that Vietnam's revolutionary journalism has made significant strides in both content and the development of its workforce, meeting the public's growing demand for information.

The Prime Minister has issued a strategy for the digital transformation of journalism, recognising cyberspace as the main battlefield for the press. Therefore, many press agencies have made concerted efforts to research and develop digital transformation plans, with a goal of building professional, humane, and modern media outlets that can reach more audience.

Regarding digital advertising, the minister stated that over the recent times, his ministry has intensified oversight of advertising activities in both the press and the online environment.

It has collaborated with relevant ministries and agencies to enhance technical measures for scanning and detecting illegal advertisements, with a focus on major social media platforms like Facebook, YouTube, and TikTok, which have a high volume of violations; and strengthen inspections, audits, and strict enforcement against brands with unlawful content, added Hung./.

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