Even though it launched rather late, MediaTek knows how to enter niche markets neglected by giants like Samsung, Apple or Qualcomm.

The current method of calculating the scale of the digital economy only reaches the core, while digital transformation is spreading strongly into many industries and fields.

With certain advantages in terms of society and people, Vietnam has the opportunity to close the gap in AI technology with the rest of the world.

Experts say that with the growth in both the total value of goods and the number of users, Vietnam's e-commerce had a successful year, according to a report from Lazada.

Under the normal development scenario, the Vietnamese digital economy will only reach 10.5 per cent of GDP by 2025.

The Fourth Industrial Revolution is taking place around the world with a boom in digital technology, creating great opportunities for but also challenges to the development of each country, enterprise, and person.

In an interview with Bloomberg recently, Binh Tran - co-founder of Ascend Vietnam Ventures - said that Vietnam's nascent start-up sector is developing and Vietnam is becoming the next technology hub of Southeast Asia.

The digital economy in Vietnam accounts for about 8.2% of GDP. The development potential of the Internet and digital economy components is still quite large. 

Digital technology is forecast to create US$74 billion for Vietnam's economy by 2027. However, Vietnam must attract investment capital from around the world, especially investment in startups.

Bain & Company, in association with Tech for Good Institute – TFGI, has released a report on the platform economy in Southeast Asia, focusing on the Vietnamese market.

The Ministry of Information and Communications has submitted to the Government a draft Strategy for developing Vietnam’s digital economy and digital society, which may be approved this December. 

While tourism has been hit hard by Covid-19, e-commerce has become the driving force for the digital economy in Vietnam this year.

Vietnam’s digital economy this year is expected to grow by 31% to US$21 billion - bolstered by a 53% year on year growth in e-commerce despite the shrinking online travel market - and hit US$57 billion by 2025.

Startup Sky Mavis with the game Axie Infinity has surprised the Vietnamese startup community when it reached a huge total market capitalization - US$2.4 billion - after three years since its release, a record time in the Asian technology world.

With a young population and the popularity of the Internet, Vietnam has great opportunities and potential to develop the industry of e-sports and video games. This will become a “smokeless industry” in Vietnam in the near future.

Vietnam’s e-commerce has been growing rapidly, and when the pandemic is over, the e-commerce market is expected to be even more robust.

The Ministry of Planning and Investment is working on the draft Circular on the Set of Statistical Indicators for the Digital Economy. 

On September 5, when the Covid-19 outbreak was still rampant, the new school year started online for millions of students. 

The set of indicators will fully reflect every aspect of the digital economy, including digital infrastructure, the popularity of digital means, online services, and human resources.

Vietnam has been among the top 10 countries in terms of cross-border data transfer in the past decade.