Vietnam’s internet economy was valued at about US$21 billion in 2021, contributing to 5% of GDP and rising seven-fold from 2015.

The revenue of Vietnam’s smarthome market is expected to reach nearly US$240 million this year and US$453 million by 2026.

The Asia Pacific Gateway (APG) undersea cable, which connects eight countries and territories in the region, is facing problems with its S1.7 section, about 910km from Southeast Asia.

VOV.VN - The Ministry of Information and Communications (MIC) has issued a plan aimed at promoting the capacity of relevant agencies in supervision, inspection, handling of administrative violations, and the prevention and combat of law violations and cybercrimes in Vietnam.

Three international undersea cable lines that make up the majority of Internet connection capacity from Vietnam to the world have encountered problems, resulting in sluggish Internet speed across the country, according to operators.

In 2021, due COVID-19 pandemic, people had to switch to online learning, working and entertainment, and the demand for the Internet also increased, thus creating an opportunity to develop the telecommunications industry, but also posing many challenges for mobile broadband subscription providers.

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.

Internet infrastructure in Vietnam is set to receive considerable investment in 2022 to meet users’ growing demand, according to the Dau tu (Vietnam Investment Review) newspaper.

Internet Day 2021, themed “Recovery and breakthrough in the era of datafication”, was launched in Hanoi on December 15 by the Vietnam Internet Association (VIA) in coordination with relevant agencies.

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.