Vietnam to spend $4B on IT development to 2010

Vietnam will invest $US4 billion on building up its IT sector between now and 2010.

Do Trung Ta, head of the newly-formed Ministry of Post and Telecommunication, said the funds will be used to upgrade Vietnam's telecommunication infrastructure, develop human resources for the IT sector, improve Internet services, and lay the groundwork for expanded use of IT and the Internet in the community, according to a government Web site.

The most important issue is raising the awareness of IT so that all enterprises and individuals understand the advantages of IT, Ta said. Government departments, large and small companies will all be encouraged to use e-commerce, while all schools in Vietnam will have access to the Internet by 2005, he said.

Targets for 2005 include achieving an average annual growth rate for the IT industry of between 20 and 25 per cent and increasing the number of Internet subscribers to around 5 per cent of the population from around 1 per cent currently, according to the Web site.

Vietnam now has 250,000 Internet subscribers.

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