Hanoi aims to earn US$5 billion from information technology revenue in 2015 and US$10 billion by 2020, according to the city’s IT development programme.
The city plans to develop at least seven production centres – in software, services and digital content – as well as to train 60,000 IT engineers to meet the industry's increasing demand for skilled personnel.
Software and digital content manufacturers are expected to post an annual growth rate of 30 percent, reaching US$900 million and US$1.1 billion each year, respectively, while hardware producers hope to generate US$3 billion from revenue per year.
To this end, the capital will continue to upgrade infrastructure facilities for the IT industry with a focus on preparing sufficient land funds for the establishment of hi-tech parks, says deputy director of the municipal Information and Communications Department Dang Vu Tuan.
Tuan says authorities will introduce incentive policies to attract large IT groups to hi-tech parks and help local IT enterprises improve their production capacity, develop and protect trademarks, and sharpen the competitiveness of their products.