Vietnam to become second largest digital economy in Southeast Asia in 2025: experts
Vietnam can become the second largest digital economy in Southeast Asia in 2025, while the country’s e-commerce market will draw more large-scale businesses, forecast experts at an online seminar in Ho Chi Minh City on April 20.
HCM City (VNA) – Vietnam can become the secondlargest digital economy in Southeast Asia in 2025, while the country’s e-commercemarket will draw more large-scale businesses, forecast experts at an onlineseminar in Ho Chi Minh City on April 20.
They also said that online businesses will involve moreeconomic sectors and more big players in the time to come.
Do Huu Hung, General Director of AccessTrade, held thate-commerce should be the first step, followed by logistics and deliveryservices to win stronger confidence among consumers and improve their shoppingexperience.
Hung said that with better logistics and delivery services, the digital economy can make up 50-60 percent of the Vietnamese economy in the future.
The years of 2020 and 2021 can be described as a special period withunprecedented changes under impacts of COVID-19, where online business inVietnam enjoyed a breakthrough growth in both domestic and foreign markets.
According to the “E-Commerce White Book 2020”, the global revenue from B2Ce-commerce activities is likely to rise by 1.5 times in the 2019-2023 periodfrom 1.94 trillion USD to over 2.88 trillion USD. The book also predicted that SoutheastAsia, including Vietnam, will see high growth.
Phan Binh, Director of J&T Express Vietnam, said that businesses do not needgiant shops but high quality products which will be delivered to customersthrough suitable services.
Currently, many foreign firms have sought businessopportunities in the potential market of Vietnam with the motto of "ThinkGlobal, Act Local". Meanwhile, online business activities have drawn alarge number of companies, cooperatives, business households and individuals inboth rural and urban areas.
Experts advised enterprises operating online business to seek seek supports inconsultations and solutions to develop one-stop-shop model.
They also underlined the need for wider coverage of deliveryservices to meet the demand of the booming e-commerce sector./.
Vietnam is gradually shifting to a digital economy in which cross-border trading is becoming the core factor, an official from the Ministry of Planning and Investment (MPI) told a webinar on e-commerce held on March 22.
Many small and medium-sized enterprises (SMEs) plan to increase cross-border trade for their products via e-commerce platforms to promote exports in the context of the COVID-19 pandemic.
The US Department of Commerce (DOC) has slashed the anti-dumping duties on Vietnam’s honey exporters by almost sevenfold compared to its preliminary conclusions, according to the Vietnamese Ministry of Industry and Trade (MoIT).
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: vneconomy.vn) 
