Vietnam’s digital economy is growing at an unprecedented rate, expanding by over 20% annually, making it the fastest-growing in Southeast Asia. The country has risen to 71st place in the UN’s global e-government rankings, with a “very high” e-government development index. This growth has been driven by increased internet penetration and a growing e-commerce market.
The digital economy now accounts for an estimated 18.3% of GDP, with e-commerce retail sales reaching $25 billion. The adoption of cashless payments is also rising sharply, increasing by over 50% annually. Việt Nam aims to achieve 80% fully online public services and 40% of adults using online public services by the end of 2025. The government will continue refining regulations and ensuring resources for digital transformation.
