Vietnam’s digital economy reaches 12 billion USD in 2019

Vietnam's digital economy has topped 12 billion USD this year and is expected to surge to 43 billion USD by 2025, with e-commerce, online tourism, online communications and media, and ride-hailing among the driving forces, according to a recent report by Google, Temasek, and Bain and Company.

Vietnam and Indonesia lead with growth rates of more than 40 percent, while Singapore, Malaysia, Thailand, and the Philippines recorded 20-30 percent growth.

The e-Conomy Southeast Asia report for 2019 highlights the most significant industry trends observed in 2019 and analyses the current and future potential of the Southeast Asian internet economy across its six largest markets.

Vietnam has 61 million internet users, and a Vietnamese spends an average of three hours and 12 minutes daily on the internet on mobile devices. Vietnam has become the third largest destination in the region for digital investment, with 600 million USD flowing in in 2018 and the first half of 2019.

Source: VOV5