Vietnam is believed to be a lucrative market for digital economy with the second fastest growth pace in the world last year, after India.

The two-year pandemic changed Vietnamese shopping habits and boosted e-commerce.

The Vietnamese Government has asked ministries and localities to focus on promoting the development of digital finance and digital economy in 2023.

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 potential of Vietnam's digital economy is estimated at US$40 billion, but only a small part of it has been exploited.

According to the e-Conomy SEA report 2022, 83% of investment funds expect the number of investment projects in Vietnam will continue to grow in the 2025-2030 period.

Vietnam’s e-commerce sector has enjoyed impressive growth in recent years, with the market scale projected to increase to US$49 billion, even $57 billion by Google, by 2025, from only $4 billion in 2015.

Vietnam’s digital economy is the fastest growing in Southeast Asia, with expected gross merchandise value growth rate of 28 percent, from US$18 billion in 2021 to US$23 billion this year, according to the report of Google, Temasek and Bain & Company.

Major tech companies are looking to expand in Vietnam, on the back of strong hardware export and IT figures for the country's telecom industry so far this year.

Huy Nguyen, vice chairman of the Vietnam Blockchain Association, said Vietnam has become an emerging market for blockchain thanks to its achievement in digital transformation and digital economy.

Vietnam is not only an exciting market for the application of Blockchain technology in the digital era, but also one of the leading countries in encouraging research and application of new technology in everyday life.

Under the national post development strategy, which has received the Prime Minister’s approval, the postal service will become an essential infrastructure of the country and the digital economy, especially e-commerce, by 2025.

Deputy Minister of Information and Communications Nguyen Huy Dung said Vietnam has vowed to develop a digital economy and digital society.

Vietnam’s digital economy revenue reached US$53 billion in the first quarter of this year.

Fintech and e-commerce accounted for 70 percent of total venture capital in the country last year, and this trend is predicted to continue in 2022.

5G is changing businesses worldwide, and Vietnam is catching up very quickly, being among the first countries to deploy 5G trials.

Deputy Prime Minister Vu Duc Dam has signed a decision approving the national strategy for digital economy, digital society development through 2025, orientations to 2030.

Southeast Asian companies are in the race to develop their own super apps. Some Internet businesses are expanding beyond their core businesses to offer services such as on-demand transportation, food delivery and telemedicine.

The digital content industry of games is worth billions of US dollars and creates tens of thousands of jobs for Vietnamese.

Data can be compared to a crude oil field, and the extraction and processing of it into energy is a matter of survival for businesses.