Việt Nam’s digital economy to hit $52 billion by 2025

05/05/2021 09:00 6

Việt Nam’s digital economy to hit $52 billion by 2025

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.

The country also aims to raise the proportion of the digital economy in national GDP to 30 per cent and boost productivity by 7.5 per cent annually on average. Other targets are to achieve universal access to fibre-optic internet and 5G services, completion of digital government development, and the establishment of smart cities in key economic zones nationwide, and connection with regional and global networks of smart cities. — VNS

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