Information and communications sector posted six-month revenue of over VND1.3 quadrillion

Sunday, 2019-07-07 14:40:09
 Font Size:     |        Print

Minister of Information and Communications Nguyen Manh Hung presents flowers to representatives from Bac Ninh and Bac Kan provinces. (Photo: NDO)
 Font Size:     |  

NDO – The total revenue of the entire Information and Communications (IC) sector reached over VND1.3 quadrillion (over US$43 billion) in the first six months of 2019, a year-on-year increase of 7%.

The information was released at a conference held by the Ministry of Information and Communications (MoIC) in Hanoi on July 5 to review its performance in the first six months and devise tasks for the remaining half of this year.

The revenue was mainly contributed by the information and communications technology industry.

The sector contributed nearly VND50,000 billion (over US$2.1 billion) to the State budget, up 4% over the same period last year.

In the postal field, the sector posted a revenue of VND13.56 trillion (over US$582 million), equaling 128.32% compared to the same period last year.

Meanwhile, the telecommunications industry’s total revenue was VND198 trillion (US$8.5 billion) in the first half, equaling 104.38% compared to the first six months of 2018.

Regarding the policies for ICT industry, the MoIC has submitted the signing of the Memorandum of Understanding (MoU) on the cooperation in the fourth industrial revolution between Vietnamese Government and the World Economic Forum; as well as developed a project to promote the development of digital content ecosystems in Vietnam and a project for the Vietnam 4.0 industrial revolution centre.

In the communications field, there are now 844 printed newspapers and magazines; along with 24 independent online newspapers and magazines nationwide. The MoIC issued 23,042 journalists’ cards by the end of June, this year.

At the conference, Minister of Information and Communications Nguyen Manh Hung asked the agencies and enterprises in the sector to continue to follow the general orientations for the whole year to help implement the tasks for the remaining six months.

On the occasion, the MoIC signed cooperation programmes with Bac Ninh and Bac Kan provincial People’s Committees.