In November, the information and communication sector in Vietnam registered 23 new projects with US$97.9 million in newly registered capital, according to Vietnam’s Ministry of Planning and Investment. This represents a 27.78 percent increase compared to October, which recorded 18 new projects and US$18.6 million in newly registered capital.

Year-to-date (YTD), the sector has attracted a total of 217 new projects and US$248 million in newly registered capital, highlighting consistent growth in this area.

The information and communication sector is one of the key drivers of Vietnam’s digital transformation, benefiting from the country’s expanding internet infrastructure, increasing mobile phone penetration, and government initiatives aimed at fostering technological innovation.

Major foreign firms in this sector in Vietnam include global tech giants like Samsung Electronics, LG Electronics, and Huawei, which contribute to the sector’s rapid expansion through investment in telecommunications and IT services.

Vietnam’s information and communication sector remains one of the most attractive for foreign investment, with promising growth prospects in the digital and telecommunications industries.

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