Vietnamese digital economy will also explode strongly with a growth rate of 31 per cent this year over the same period last year, reaching $21 billion.
Southeast Asia’s digital economy remains resilient at $100 billion in gross merchandise value despite headwinds and is on track to cross $300 billion in GMV by 2025.
The Southeast Asian internet economy has expanded by 39 per cent this year to hit US$100 billion for the first time, according to a report released by Google, Temasek and new partner Bain & Company on Thursday.
Viet Nam’s digital economy has progressed rapidly in recent years, but challenges in network security require the country to build a comprehensive national strategy to address network vulnerabilities.
The Vietnamese internet economy has almost tripled in three years to reach US$9 billion in 2018, driven by e-commerce and online media, a new report released by Google and Temasek showed.
Google and Singaporean sovereign fund Temasek have forecast the Vietnamese online tourism services market to be worth US$9 billion by 2020, and said local companies should work quickly or risk losing the market to int''l companies.