Singaporean outlet names Vietnam fastest growing digital economy
Vietnam is the fastest-growing digital economy in the region, largely due to investment inflow which is still on an unprecedented rise, The Business Times has reported.
Sendo.vn is among Vietnam's most popular e-commerce platform. (Photo: VNA)
Singapore (VNA) – Vietnam is the fastest-growing digital economy in the region, largelydue to investment inflow which is still on an unprecedented rise, The BusinessTimes has reported.
“Over the last fouryears, approximately 1 billion USD in funding has poured into Vietnam'se-commerce sector, reaching a record high in 2019,” the Singapore-based newsoutlet said.
The last two yearshas seen the emergence of Vietnamese e-commerce players, such as Tiki,Thegioididong and Sendo, which are among the most successful e-commerceplatforms in the region, it said.
According to thereport "Vietnam's booming e-commerce market" released by ISEAS YusofIshak Institute last week, the greatest potential of Vietnam's e-commercesector can be seen via its enormous expansion, which is predicted to reach15 billion USD in terms of revenue in 2020.
In revenue terms, Vietnam’se-commerce surged 30 percent in 2018 to reach a new high of about 8 billion USD.User penetration was recorded at about 56.7 percent in 2019 and is expected toreach 64.4 percent in the next four years.
If the sector cankeep its current growth rate of 30 percent, its market size might hit 33billion USD by 2025, ranking third in Southeast Asia, after Indonesia (100billion USD) and Thailand (43 billion USD), said report author Dang Hoang Linh,who is Dean and senior lecturer of the Faculty of International Economics, the Diplomatic Academy of Vietnam.
The logistics anddelivery business also saw a phenomenal growth rate of 70 percent amid intensecompetition in 2018. They are also investing heavily in advanced technologies,such as automatic item sorting and big data.
Regarding thesupporting legal framework, compared to other ASEAN countries, Vietnam has arelatively favourable legal environment for the development of e-commerce, withfive out of six main laws fully enacted to regulate e-commerce activities./.
Japanese investment in Vietnam has strongly developed in both quality and quantity as investors are applying the most advanced technologies in production, experts have said.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Sendo.vn is among Vietnam's most popular e-commerce platform. (Photo: VNA) 
