Vietnam's digital economy will continue to grow rapidly to reach 50 billion USD by 2025. (Photo: vtc.vn)
HCM City (VNS/VNA) – Vietnam’s digital economy isprojected to grow fastest in Southeast Asia, reaching 50 billion USD by 2025, areport said.
It would be aided mainly by growth in e-commerce, with platforms like Shopeeand Lazada and top retailers like Co.opmart moving their businesses online,said a report of the HCM City People's Committee about e-commerce early thisweek.
The boom in e-commerce has accelerated the country’s digital transformation ofbusinesses in logistics, delivery, tourism, finance, media, and entertainment.
Delivery services have grown rapidly thanks to super apps like Grab and Baemin.
Online payment systems like e-wallets, e-transaction gates and e-banking havealso developed speedily following a surge in online services, with 61 percent of online purchases used cashless payments last year.
But digital transition does face challenges due to underdeveloped digitalinfrastructure, especially the lack of a standardised, synchronised nationaldatabase.
Besides, small and medium-sized enterprises have not capitalised on digitalopportunities despite accounting for a lion’s share of the country’sbusinesses.
The outdated legal framework, with old policies still regulating digitisedbusiness models, also stymies the growth of businesses.
An inadequate regulatory regime poses challenges for authorities and affectscustomers’ benefits.
To tackle these problems, HCM City has laid out a plan for “Developing digitaleconomy, sharing economy, and circular economy” that encourages enterprises toadopt technology and new operational methods to create sustainable goods andservices, its People’s Committee said.
There are also several programmes to help start-ups and enterprises digitisetheir businesses, especially in key sectors like fintech (financialtechnology), edutech (education technology), smart agriculture, and smarttourism./.
Digital economy is expected to contribute 25.5% to Malaysia’s Gross Domestic Product (GDP) in 2025, and the country will attract major investments to data centres, innovation, and digital economy in the next few months, said Minister of Communications and Digital Fahmi Fadzil.
With 43% of the population aged 18 and more owning electronic accounts on the public service portals, the central city of Da Nang is among the leading localities in Vietnam in digital transformation.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
The week features a rich lineup of activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.
According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
Vietnam views sci-tech as a decisive factor in national development and a key tool for achieving sustainable development goals, and is ready to boost sci-tech cooperation with Venezuela for mutual prosperity.
Vietnam's digital economy will continue to grow rapidly to reach 50 billion USD by 2025. (Photo: vtc.vn) 
