Hanoi (VNA) – Vietnam is believed to be a lucrative market for digital economywith the second fastest growth pace in the world last year, after India.
Vietnamhas a population of nearly 100 million, ranking 15th in the world, but the size of its digital market stood at only the 25th position amongthe 39 countries surveyed in 2022 by Financial Time and Omdia.
However, the gross merchandise value of its digital economyincreased 28% to 23 billion USD in 2022 from 18 billion USD in 2021. It isexpected to grow 31% to hit 49 billion USD in 2025, according to the"e-Conomy SEA 2022" report released by Google, Temasek and Bain & Company.
Meanwhile,the Department of Digital Economy and Digital Society reported that the digitaleconomy enjoyed growth in all the three aspects of the ICT economy, platformdigital economy, and sectoral digital economy. IT services contributed the mostto this economy, about 30%, followed by e-commerce (14.3%), and hardwareproduction (12.83%).
TheLao dong (Labour) daily cited Tran Minh Tuan, Director of the Department ofDigital Economy and Digital Society under the Ministry of Information andCommunications, as saying that digital market, digital space, and digital dataare necessary for developing a digital economy, and to do that, the first thingis to ensure digital infrastructure.
He notedthe ministry has taken measures for building infrastructure to guarantee thedevelopment of the digital economy.
Stressingthe importance of human resources, Vu Thi Minh Tu, Director for external relationsat Lazada Vietnam, held that the quality of human resources for the digitaleconomy in Vietnam remains modest while this is one of the factors affectingthe economy’s sustainable development.
TheCentral Institute for Economic Management said to secure sustainabledevelopment, the country should perfect the legal framework, including regulationsand policies on cyber security, competition, and taxes, in a way that promotesthe role, responsibility, and rights of buyers./.
Vietnam is speeding up the development of the digital economy, considering this a "breakthrough" step to promote the country's economic growth in the context of the 4th industrial revolution.
The contribution of the digital economy to national GDP in 2022 accounted for about 14.26% of the total, with 7.18% contributed by the ICT digital economy.
The Business Times, a Singaporean financial daily, and Asia Times, Hong Kong–based news platform, have recently run articles highlighting Vietnamese Prime Minister Pham Minh Chinh’s official visit to Singapore from February 8-10.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VietnamPlus) 
