Hanoi (VNA) 🍌– Vietnamese ICT enterprises have benefited greatly from the fast digitalisation trend, with their revenues rising despite the COVID-19 pandemic.
Google’s e-Conomy SEA 2020 report said COVID-19 has led to an acceleration of digital consumptionas users tried new digital services for the first time. According to the report, among usersof digital services in Vietnam, new users accounted for 41 percent, higher thanthe Southeast Asia’s average. Notably, 94 percent of them intend to continuewith the service post-pandemic. Beforethe pandemic, Vietnamese spent an average 3.1 hours per day online. During lockdown,the figure rose to 4.2 hours per day which is expected to stay at 3.5 hoursdaily post-pandemic. Vietnamis among countries with the fastest growing digital economies in Southeast Asia. By2025, the Philippine digital economy’s compound annual growth rate is forecastto reach 30 percent, followed by Vietnam with 29 percent, Thailand 25 percent,Malaysia and Singapore 21 percent.
An online tour guide introduces Ninh Binh discovery programme (Photo: VNA)
Benefiting from the trend, Digiworld JSC earned over 12.5 trillion VND (543 million USD) inrevenue and more than 333.8 billion VND in pre-tax profit last year, up 47.6 percent andnearly 59 percent annually, respectively. The respective figures this year are forecast to grow by 58.5 percent and over 84 percent. Expertsfrom the Bao Viet Securities Company said laptops and tablets in Vietnam hold thepotential of strong growth thanks to the work-from-home trend and online schoolingtill the end of the first academic year. Theyadded that the mobile phone market will rebound in the fourth quarter thanks to the re-opening of retail outlets nationwide, pent-up demand following lockdown, andlaunch of new products during peak season. According to the MobileWorld Investment Corporation and the FPT Digital Retail JSC, demand for laptopsin August also doubled annually./.
The Ministry of Planning and Investment (MPI) held a consultation conference in Hanoi on October 1 on its draft programme on economic recovery and development in combination with improving internal capacity and resilience of the economy for the 2022-2023 period.
Three leading telecom services providers of Viettel, VNPT and MobiFone from September 12 to 30 completed setting up Internet connection in eight provinces and cities nationwide to facilitate online teaching and learning.
Vietnam’s e-security index improved by 54 percent since last year but its internet became less affordable, the 2021 Digital Quality of Life Index (DQL) conducted by cybersecurity company Surfshark showed.
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 (Photo: vietnamnet.vn) 
An online tour guide introduces Ninh Binh discovery programme (Photo: VNA) 
