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The solution to develop the ICT industry and ease reliance on foreign invested enterprises (FIEs) is developing more ‘Make in Vietnam’ firms.
The total revenue of the ICT industry in 2019 was $112.35 billion, including $91.5 billion from exports, an increase of 10 percent over 2018. ICT is one of the industries which make a great contribution to GDP, accounting for 5.59 percent in 2018 and 7.55 percent in 2019. The expected figure is 7.3 percent in 2020.
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