Vietnam's e-commerce and digital economy remain highlights of the country’s socioeconomic development, with the internet economy to reach US$36 billion this year, marking a 16% increase compared to 2023, heard a forum on digital transformation of industry and trade in 2024 in Hanoi on November 21.
The Vietnamese Embassy in Russia organised a seminar on April 19 on prospects for Vietnam-Russia digital economic cooperation, attracting over 100 delegates representing ministries, sectors, research institutes, and business associations of the two countries.
Vietnam’s internet economy was valued at about US$21 billion in 2021, contributing to 5% of GDP and rising seven-fold from 2015.
VOV.VN - Along with having to register for service provision activities in Vietnam, e-commerce exchanges must establish representative offices or appoint their authorised representatives in the country.
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.