Seminar discusses Vietnam’s IT products in global value chain
A seminar on opportunities and challenges for made-in-Vietnam IT products and services in joining the global value chain took place in Ho Chi Minh City on November 22.
HCM City (VNA) – A seminar on opportunities andchallenges for made-in-Vietnam IT products and services in joining the globalvalue chain took place in Ho Chi Minh City on November 22.
In 2017, more than 28,000 companies operating in Vietnam’s ITsector generated 91.6 billion USD in revenue, up 35 percent from 2016. Of thetotal revenue, hardware products contributed 81.6 billion USD, software 3.8billion USD, IT services 5.4 billion USD and digital content 800 million USD.The sector’s export value, meanwhile, reached 78.9 billion USD.
According to To Thi Thu Huong, deputy head of the Departmentof Information Technology under the Ministry of Information and Communications,developing IT production value chains is key to engage deeper in the fourthindustrial revolution. However, Vietnamese firms still lack knowledge andexperiences in selling their products for clients in the global market. Theirhuman resources and products are yet to meet current demand in the market.
Hoang Minh Tri, general director of 4p Electronics JSC, saidmost Vietnamese IT companies employ outdated technologies and productionmanagement, thus lacking capacity to fulfill requirement of FDI enterprises interms of prices, quality, and goods delivery.
The Ministry of Information and Communications said a numberof major groups operating in Vietnam are yet to pay attention to developingtheir local support companies.
Tri said the participation in the global value chain isimportant to the growth of the support industry.
He stressed the need to create a fair environment for bothFDI and domestic firms and efficient administration procedures applied forsmall- and medium-sized enterprises.-VNA
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Illustrative photo (Source: VNA) 
