Vietnam's digital economy is maintaining double-digit growth, driven mainly by e-commerce and online travel, according to a report released recently by Google, Temasek, and Bain & Company.
The six leading economies in Southeast Asia, including Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore, are projected to grow at an average annual rate of 5.1% over the next decade.
Boston-based management consulting firm Bain & Company on September 6 announced the opening of its first office in Vietnam, further strengthening its presence in Southeast Asia.
Vietnam takes the lead and set to post a 31% growth in gross merchandise value (GMV) from 23 billion USD in 2022 to 49 billion USD in 2025, according to the "e-Conomy SEA 2022" report released by Google, Temasek and Bain & Company on October 27.
Vietnam’s digital economy is forecast to grow by 31 percent to 21 billion USD this year thanks to a 53 percent expansion in e-commerce, according to a report by Google, Temasek and Bain & Company.
Southeast Asia’s internet economy is forecast to reach 300 billion USD by 2025 as millions of people in the region take up online shopping and embrace ride-share food delivery, an industry report said on October 3.
Blockchain could bring a commercial benefit of 1 trillion USD, mostly for small- and medium-sized enterprises (SMEs) as well as for some newly-emerged markets which suffer most from a lack of access to credit and have ample room to grow trade, including Vietnam, according to a new report jointly released by Bain & Company and the World Economic Forum (WEF).
