Vietnam’s
digital economy will likely reach 52 billion USD in value by 2025. (Photo: VNA)
Hanoi (VNA) - Vietnam’s digital economy will likely reach 52 billion USD in value by 2025, according to the e-Conomy SEA 2019 report by Google, Temasek and Bain & Company.
With the gross merchandise value (GMV) of its internet economy accounting for over 5 percent of the country s GDP in 2019, Vietnam is emerging as the most digital of all economies in the region, the report said.
Last year, the Vietnamese internet economy continued to record double-digit growth, at 16 percent year-on-year, the highest in Southeast Asia.
The report noted all sectors except travel continued to grow in 2020, of which transport and food, and online media grew 50 percent and 18 percent compared to 2019. Only online travel dropped 28 percent in terms of GMV, but is expected to grow 25 percent by 2025.
Senator Sonny Angara
Earlier this week, the Anti-Red Tape Authority (ARTA), the Department of Trade and Industry (DTI), the Department of Information and Communications Technology (DICT), and the Department of Interior and Local Government (DILG) signed a joint memorandum circular (JMC) enjoining all local government units (LGUs) to automate their Business Processing and Licensing Systems (BPLS) and setup an electronic Business One-Stop Shop (eBoss) by June 17 this year.
With an eBoss in place in every LGU, business permit applications may be submitted online, the requisite fees may be paid through digital means, and electronic versions of permits, licenses, and clearances will be issued.
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THAILAND RACES AHEAD IN THE GLOBAL DIGITAL REVOLUTION
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published : 23 Feb 2021 at 13:40
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Facilitated by easier access to high-speed internet, the rise of Thailand’s vibrant digital industry over recent years has been underpinned
by the rich creativity and strong entrepreneurial spirit of Thailand’s tech-savvy digital generation. At the forefront of this brave new digital world, Thailand has seen its economy consistently prove its readiness to embrace the new opportunities presented by the global digital revolution.
Supported by the country’s active development of its ICT infrastructure, Thai business are increasingly adopting digital tools such as AI, cloud computing and next generation digital platforms to enhance their efficiency. Meanwhile, mobile and real-time digital activities such as e-commerce, fintech and online entertainment are readily embraced as part of Thai people’s changing lifestyles.
Digital economy predicted to reach 43 billion USD by 2025 vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.