Vietnam's digital economy is maintaining double-digit growth, driven mainly by e-commerce and online travel, according to a report released recently by Google, Temasek, and Bain & Company.

VOV.VN - Over the next 10 years, the top six economies in Southeast Asia, including Vietnam, the Philippines, Indonesia, Malaysia, Thailand and Singapore, will grow at annual average rate of 5.1%.

Boston-based management consulting firm Bain & Company on September 6 announced the opening of its first office in Vietnam, further strengthening its presence in Southeast Asia.

VOV.VN - With the number of online shoppers nationwide exceeding 51 million, Vietnamese people are currently ranked second in terms of online shopping in Southeast Asia.

Vietnam is expected to be the fastest-growing e-commerce market in Southeast Asia by 2026, with e-commerce Gross Merchandise Value (GMV) reaching US$56 billion by 2026, 4.5 times the estimated value of 2021, according to a report by Facebook and Bain & Company.

VOV.VN - Vietnam’s Internet economy is forecast to become the second largest in Southeast Asia over the next decade, with it being anticipated to reach a figure US$220 billion by 2030.

VOV.VN - Featuring a developing economy coupled with a population of over 97 million, Vietnam is viewed as an increasing promising market for e-commerce despite the negative impact of the COVID-19) pandemic, according an article published on June 1 by the South China Morning Post.

VOV.VN - As many as 14 free trade agreements (FTAs) have come into force since the beginning of this year, a factor which has enabled the country to establish links with 52 partners, including leading trading partners.

Vietnam’s digital economy is expected to reach US$14 billion in 2020, a year-on-year increase of 16%, and will likely reach US$52 billion in 2025, re-accelerating to nearly 29% in compound annual growth rate, according to a report from Google, Temasek and Bain & Company.