Vietnam’s digital economy has seen significant growth over the last decade and is expected to be valued at US$57 billion by 2025. The country’s digital transformation is well underway and accelerated by the pandemic as businesses consider the possibilities of a virtual world having experienced sudden and overwhelming restrictions on physical mobility. In response, the Vietnamese government is facilitating a regulatory and incentives-based environment to promote technological innovation. Digital transformation has been prioritized across most sectors, impacting ICT infrastructure, cybersecurity, e-government, digital skills, Industry 4.0, and tax policies. Major industries driving the growth of Vietnam’s digital economy include e-commerce, Fintech, ICT, and Edtech, among others. |