Illustrative image (Source: VietnamPlus) Vietnamhas a population of nearly 100 million, ranking 15th in the world, but the size of its digital market stood at only the 25th position amongthe 39 countries surveyed in 2022 by Financial Time and Omdia.
However, the gross merchandise value of its digital economyincreased 28% to 23 billion USD in 2022 from 18 billion USD in 2021. It isexpected to grow 31% to hit 49 billion USD in 2025, according to the"e-Conomy SEA 2022" report released by Google, Temasek and Bain & Company.
Meanwhile,the Department of Digital Economy and Digital Society reported that the digitaleconomy enjoyed growth in all the three aspects of the ICT economy, platformdigital economy, and sectoral digital economy. IT services contributed the mostto this economy, about 30%, followed by e-commerce (14.3%), and hardwareproduction (12.83%).
TheLao dong (Labour) daily cited Tran Minh Tuan, Director of the Department ofDigital Economy and Digital Society under the Ministry of Information andCommunications, as saying that digital market, digital space, and digital dataare necessary for developing a digital economy, and to do that, the first thingis to ensure digital infrastructure.
He notedthe ministry has taken measures for building infrastructure to guarantee thedevelopment of the digital economy.
Stressingthe importance of human resources, Vu Thi Minh Tu, Director for external relationsat Lazada Vietnam, held that the quality of human resources for the digitaleconomy in Vietnam remains modest while this is one of the factors affectingthe economy’s sustainable development.
TheCentral Institute for Economic Management said to secure sustainabledevelopment, the country should perfect the legal framework, including regulationsand policies on cyber security, competition, and taxes, in a way that promotesthe role, responsibility, and rights of buyers./.
VNA
