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HANOI, May 5 (Bernama): Vietnam’s digital economy will likely reach US$52 billion 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 five percent of the country s GDP in 2019, Vietnam is emerging as the most digital of all economies in the region, Vietnam news agency (VNA) quoting the report said.
It 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.
Update: May, 05/2021 - 09:00 |
Việt Nam is emerging as the most digital of all economies in the region. VNA/VNS Photo
HÀ NỘI Việt Nam’s digital economy will likely reach US$52 billion in value by 2025, according to the e-Conomy SEA 2020
report by Google, Temasek and Bain & Company.
With gross merchandise value (GMV) of its internet economy accounting for more than 5 per cent of the country s GDP in 2020, Việt Nam is emerging as the most digital of all economies in the region, the report said.
Last year, the Vietnamese internet economy hit double-digit growth at 16 per cent year-on-year, the highest in Southeast Asia.
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.