HANOI, Nov 8 — Vietnam will remain the Southeast Asian region's fastest-growing digital economy between 2023 and 2025, according to the latest regional digital economy report by Google, Temasek and Bain & Company.
Xinhua, quoting a Vietnam News Agency report, said its digital economy will grow at 20 per cent in two years, the same level as the Philippines, and followed by Thailand, Indonesia, Malaysia. and Singapore.
According to the 8th edition of the e-Conomy SEA Report, Vietnam's gross merchandise value is expected to near US$45 billion (RM210.7 billion) by 2025, the third highest in the region after Indonesia (US$109 billion or RM510.3 billion) and Thailand (US$49 billion or RM229.44 billion).
E-commerce, one of the main contributors to Vietnam's digital economy, is forecast to grow 22 per cent to reach US$24 billion (RM112.3 billion) in 2025.
According to the report, Vietnam also records the fastest growth in digital financial services in the region.
In 2022, Vietnam ranked first in the group of six leading digital economies in Southeast Asia regarding growth rate.
The country's e-commerce recorded the highest growth rate in the region last year.
— Bernama
