Outlook for the Information Technology Industry

The information technology industry, which comprises hardware items, software, and digital information content, is committed to play a key role in laying the groundwork for knowledge-based economic development. The information technology industry in the province contributes significantly to the transformation of the province’s industrial product structure, accounting for a considerable share of exports.

JNTC Vina Co., Ltd. (Thuy Van Industrial Park, Viet Tri City) manufactures HUD glass displays for automobiles.

The province’s information technology sector has attracted a number of foreign investment projects in electronic equipment, resulting in the production of competitive goods and a shift in the industry’s proportion and structure. The province’s industry, in terms of sales and labor attractiveness. The province has over 280 information technology enterprises, of which 13 produce electronic components for businesses that manufacture smartphones, computers, televisions, and other equipment; 3 process and manufacture software products; 9 provide digital content and pay television; and the remainder are information technology service businesses. In recent years, electrical and computer items have made up around 85% of the province’s export value. In 2023, enterprises in the domains of information technology, electronics, and telecommunications will export computer electronic goods and components worth an estimated 8.6 billion USD.

The information technology and electronics industry is a manufacturing sector that plays an important role in the economy and has a broad influence on other industries. The province concentrates on information and propaganda work on import and export, as well as new generation free trade agreements, so that enterprises may proactively take advantage of favorable rules for certain product categories. In addition, two universities and nine colleges educate and train information technology at the university, college, and intermediate levels, helping to provide professionals with technical skills in the field of information technology.

JNTC Vina Company Limited (Thuy Van Industrial Park, Viet Tri City) is a Korean-invested company that manufactures tempered glass for phones, cameras, watches, vehicles, and other components and other equipment. Mr. Kim Myung Hwan, Chairman of the Company, stated: "JNTC Vina Co., Ltd. officially began production in 2016." Following the operation, we expanded the market and goods. To date, the Company has invested in four factories in Phu Tho province with advanced technology lines and automation applications, driven by the need to grow production scale and the region’s welcoming investment climate in high-production and professional work situations. The Company’s primary customers include significant enterprises and companies throughout the world, including Huawei, Samsung, LG Display, and Hyundai..."

The information technology and electronics sector contributes significantly to the digital transformation process, helps to achieve the objective of industrialization and modernization, and is a foundation industry with development advantages in the province. To develop the information technology industry’s potential and strengths, the province promotes firms to enhance their competitiveness and product quality, allowing them to engage more fully in product supply chains and raise export value. Export and diversify products to support the digital transformation. Encourage the private sector and enterprises to participate in training high-quality industrial human resources, while closely integrating research and training to production and business operations, as well as labor market demands. The rate of technological development in the information technology and electronics industries is rapid, and continual innovation necessitates the improvement of firms' capital capacity, managerial expertise, production level, and technology.

Nguyen Hue