As the ASEAN Digital Economy Framework Agreement (DEFA) is expected to be completed by the end of 2025, Vietnam stands before a major opportunity to integrate into the $2 trillion ASEAN digital economy.

The Ministry of Information and Communications estimates that the digital economy accounted for 16.5 per cent of Vietnam’s GDP in 2023, with projections for 2024 rising to 18.6 per cent.

Vietnam's digital economy is maintaining double-digit growth, driven mainly by e-commerce and online travel, according to a report released recently by Google, Temasek, and Bain & Company.

To maintain competitiveness, the National Assembly’s Standing Committee suggests continuing the 0% VAT on exported digital products.

Businesses across the country have adopted multiple electronic authentication solutions to enhance operational efficiency, including tools such as electronic certification, digital signatures, eKYC, identity verification and electronic contracts.

ASEAN is currently undergoing a robust digital transformation. How can Vietnam seize opportunities from the region to enhance its digital connectivity and advance its national digital economy strategy?

Experts highlighted the important role of digital infrastructure, especially 5G technology, in developing Vietnam's digital economy at a workshop in Hanoi on September 30.

Nearly 40 years after the first renovation, the information and telecommunications sector is now facing a new revolution

Vietnam's digital economy is projected to grow 11-fold by 2030, reaching 220 billion USD, nearly half of the country's current gross domestic product (GDP).

Vietnam's digital economy is forecast to grow elevenfold, reaching US$220 billion by 2030, with artificial intelligence (AI) playing a significant role in this expansion.

Livestreaming is being scrutinised to discover the best methods of increasing tax management to ensure fairness and transparency in the online retail market.

With two new groundbreaking policies, the Ministry of Information and Communications (MIC) aims to popularize the national domain name ‘.vn’ to stimulate the development of a digital economy and society.

Vietnam was the fastest-growing digital economy in ASEAN in 2023, and with its potential it is on the road to becoming the second-largest by 2030, said the Hong Kong and Shanghai Banking Corporation (HSBC) in its recent report “Vietnam at a glance.”

Many digital firms complain they have encountered difficulties when trying to enter foreign markets and need support from the government and associations.

The products that men bought the most on e-commerce platforms included tech products and household appliances.

Vietnam was the fastest growing digital economy in ASEAN in 2022 and 2023 and it is expected to maintain this position until 2025, with the number of smartphones users anticipated to reach 67.3 million by 2026, accounting for 96.9% Internet users.

Vietnam has become a leading market for the digital industry for both local and international players.

Virtual asset transactions in Vietnam are currently conducted through international trading platforms or direct arrangements, which poses risks of money laundering for the individuals involved.

It aims to establish the groundwork for a digital government, foster a thriving digital economy, and cultivate a connected digital society.