ICT industry paints a bright picture in first quarter

April 10, 2024 | 15:15

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The revenue from the information and communications industry in the first quarter of 2024 rose 11.8 per cent over the same period last year and reached 23.3 per cent of the annual target set by the government.

The information was released at a press meeting on April 8 held by the Ministry of Information and Communications (MIC).

In the three-month span, the industry’s state budget contribution increased 1 per cent on-year, meeting 22.8 per cent of the yearly plan.

ICT industry paints a bright picture in first quarter

Deputy Minister of Information and Communications Nguyen Thanh Lam chaired the press meeting

The other bright spot was the successful auction for 4G/5G frequency bands. Viettel and VNPT were both winners, and will receive licences to deploy frequency bands in the near future.

Le Van Tuan, director general of the Authority of Radio Frequency Management, told VIR, “The recent 5G auction was a success, from a domestic perspective and from an international perspective. This was the first successful auction in the past 15 years. The successful auction shows that the revised Radio Frequency Law and Decree No.63/2023/ND-CP have quickly come to life.”

“After deploying the new frequency band, the country's licensed frequency is expected to increase by 59 per cent. At that time, the quality of mobile broadband will definitely increase,” he added.

Regarding legal documents, the MIC has advised and submitted to the government a draft decree amending the Law on Electronic Transactions on digital signatures, and a decree that regulates national databases.

The MIC has also issued a circular regulating a list of potentially unsafe products to synchronise standards applied to 5G base station equipment management in accordance with testing capacity.

The ministry is also working on articles to implement the Law on Telecommunications, and a draft decree on the management, provision, and use of internet services and online information.

Vietnam’s ICT sector sees growth in first quarter

Vietnam’s ICT sector continues to witness improvements in industries in the first months of 2024, showing positive signals for the whole year.

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Major tech companies are looking to expand in Vietnam, on the back of strong hardware export and IT figures for the country's telecom industry so far this year.

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By Bich Thuy

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