Vietnam will remain the region’s fastest growing digital economy between 2023-2025, according to the 8th edition of the e-Conomy SEA Report published on November 7 by Google, Temasek and Bain & Company.
Vietnam will remain the region’s fastest growing digital economy between 2023-2025. (Photo: weforum.org)
Hanoi (VNA) – Vietnam will remain the region’s fastestgrowing digital economy between 2023-2025, according to the 8th edition of the e-Conomy SEA Report published on November 7 by Google, Temasekand Bain & Company.
It will grow at 20% in two years, the same level as the Philippines, andfollowed by Thailand (17%), Indonesia (15%), Malaysia (14%), and Singapore(13%).
Despite global macroeconomic headwinds, the country’s gross merchandise value(GMV) is expected to near 45 billion USD by 2025, the third highest inthe region after Indonesia (109 billion USD) and Thailand (49 billion USD).
The main contributors to Vietnam’s digital economy include e-commerce which will grow 22% to reach 24 billion USD in 2025, online tourism (up 21% to 7 billion USD)and online media (up 15% to 7 billion USD).
The country also records the fastest growth for digital financial services (DFS) inthe region, the report said.
The country’s gross merchandise value (GMV) is expected to near 45 billion USD by 2025. (Photo: VNA)
Digital payments continue to grow in the country, driven by strong support fromthe Government, investment from commercial banks, and the popularity of QRcodes.
The trend is expected to accelerated as the State Bank of Vietnam hasencouraged cashless payments in rural and remote areas, it added.
Marc Woo, Managing Director at Google Vietnam and Asia Pacific, said the development of Vietnam’s digital economy is on the right track, and Google willcontinue comprehensive support for the country to branch out its digitaleconomy by promoting development of the Vietnamese startup and investing inhuman resources training, among others./.
Since the outbreak of the COVID-19 pandemic, the shift towards a digital economy and changing consumer shopping trends have contributed to boosting exports and goods consumption, helping the Vietnamese products reach distant markets, according to experts.
The first national forum on the development of digital economy and digital society took place in the northern province of Nam Dinh on September 14, discussing orientations and trends to help realise the country’s relevant targets for 2030 and beyond.
The Ministry of Industry and Trade of (MoIT) of Vietnam and the US Agency for International Development (USAID) signed a Memorandum of Understanding (MoU) on digital trade activity in Vietnam at a ceremony in Hanoi on October 13.
President Vo Van Thuong suggested three pillars for cooperation in digital economy while addressing the third Belt and Road Forum for International Cooperation (BRF) in Beijing, China, on October 18.
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.
Vietnam will remain the region’s fastest growing digital economy between 2023-2025. (Photo: weforum.org) 
The country’s gross merchandise value (GMV) is expected to near 45 billion USD by 2025. (Photo: VNA) 
