Update news digital economy
Vietnam’s digital economy is expected to reach $43 billion by 2025, according to the e-Conomy Southeast Asia report from Google, Temasek and new partner Bain & Company.
The Ministry of Natural Resources and Environment has changed from a passive to a proactive role in handling environmental issues over the last several years,
Displaying local specialties on e-commerce platforms has proven to be the quickest way to increase the value of Vietnam’s farm produce and introduce it to international customers.
The Ministry of Information and Communications has determined that the cloud computing platform is a key part of telecommunications infrastructure to focus on in the coming years.
Pressure from high GDP target in 2021 is expected to help the Vietnamese government to create breakthroughs for growth in subsequent years.
The combination of livestreams and e-commerce could create an industry worth tens of billions of US dollars. This promises to be a very important element in the development of the digital economy.
The 17th China-ASEAN Expo and China-ASEAN Business and Investment Summit kicked off on Friday, highlighting booming digital economy cooperation and the implementation of a recently signed major trade pact.
Vietnam’s digital economy is expected to reach 14 billion USD in 2020, a year-on-year increase of 16 percent, and will likely reach 52 billion USD in 2025, re-accelerating to nearly 29 percent in compound annual growth rate.
The nation’s digital economy hit US$12 billion in 2019, with the sector anticipated to record rapid growth in the coming years to reach a figure of US$43 billion by 2025.
Le Thanh Hoa from the Market Licensing Division of the Vietnam Telecommunications Authority said that deciding to shut down old-tech waveband is a burning issue right now.
The Prime Minister’s Economic Advisory Group met with the local fintech firm MoMo in HCM City on Monday.
The 2020 white book on e-commerce released last month by the Department of e-Commerce and Digital Economy under the Ministry of Industry and Trade provides some legal updates relevant to e-commerce, the focus of which is the 2019 Tax Management Law
A government report information system will be launched on August 15, heard a meeting chaired by Minister and Chairman of the Government’s Office Mai Tien Dung and held in Hanoi on July 8.
Vietnam has made a new policy move in its journey to transform itself into a digital economy and improve its legal framework, much to the appreciation of investors and businesses.
A working group has just been founded under the Prime Minister’s decision to promote foreign investment in Vietnam.
Non-cash payments continue to boom in Vietnam this year as the country has seen a surge in banking transactions and mobile payments in the first four months of the year, according to an official from the State Bank of Vietnam (SBV).
The country wants to raise the digital economy’s contribution to gross domestic product (GDP) to 20 per cent by 2025 and 30 per cent by 2030.