Made-in-Vietnam chip produced by Viet Nam's FPT corporation, Viet Nam ranks third in Asia in terms of semiconductor exports to the US, after Malaysia and Taiwan. — Photo courtesy of FPT

HÀ NỘI — Revenue from information and communications services reached VNĐ1.13 quadrillion ($47.6 billion) in the first four months of 2023, representing 27 per cent of the annual target, figures from the Ministry of Information and Communications (MIC) show.

The sector posted turnover of over VNĐ313 trillion ($13.2 billion) in April, up 6 per cent against March but down 1 per cent year-on-year.

Việt Nam, along with Thailand, India, and Cambodia, has led a significant increase in semiconductor chip exports to the US market this year, accounting for more than 10 per cent of US imported chips for seven consecutive months, according to the MIC.

In February 2023, Việt Nam's semiconductor chip exports to the US reached US$562.5 million, up from $321.7 million in February 2022. Việt Nam ranks third in Asia in terms of semiconductor exports to the US, after Malaysia and Taiwan.

Việt Nam and Thailand are major players in the semiconductor chip manufacturing market and have seen their trade with the US increase by 75 per cent and 62 per cent, respectively.

These results confirm the success of the US diversifying its electronics supply chain by shifting manufacturers from traditional markets to emerging markets.

The ministry reports that in April 2023, the industry’s revenue was estimated to surpass VNĐ313 trillion, up 6 per cent compared to the previous month. March’s revenue stood at VNĐ295 trillion or down 1 per cent over the same period last year.

The output of postal service in April was estimated at 175 million parcels with an increase of over 20 per cent over the same period last year. Revenue from postal service reached VNĐ4.65 trillion, up 8 per cent over the same period of 2022.

In the field of national digital transformation and digital government, the proportion of online public services was 51.32 per cent, increased by 0.71 per cent over the previous month with 50.61 per cent.

In the field of digital economy, in March alone, the total number of downloads of mobile applications in the country stood at 280 million, marking an increase of 13 per cent against February. Direct revenue from mobile app transactions was 34.8 per cent year-on-year increase. — VNS