Pressure from high GDP target in 2021 is expected to help the Vietnamese government to create breakthroughs for growth in subsequent years.

The combination of livestreams and e-commerce could create an industry worth tens of billions of US dollars. This promises to be a very important element in the development of the digital economy.

The 17th China-ASEAN Expo and China-ASEAN Business and Investment Summit kicked off on Friday, highlighting booming digital economy cooperation and the implementation of a recently signed major trade pact.

Vietnam’s digital economy is expected to reach 14 billion USD in 2020, a year-on-year increase of 16 percent, and will likely reach 52 billion USD in 2025, re-accelerating to nearly 29 percent in compound annual growth rate.

The nation’s digital economy hit US$12 billion in 2019, with the sector anticipated to record rapid growth in the coming years to reach a figure of US$43 billion by 2025.

Le Thanh Hoa from the Market Licensing Division of the Vietnam Telecommunications Authority said that deciding to shut down old-tech waveband is a burning issue right now.

The Prime Minister’s Economic Advisory Group met with the local fintech firm MoMo in HCM City on Monday.

The 2020 white book on e-commerce released last month by the Department of e-Commerce and Digital Economy under the Ministry of Industry and Trade provides some legal updates relevant to e-commerce, the focus of which is the 2019 Tax Management Law

A government report information system will be launched on August 15, heard a meeting chaired by Minister and Chairman of the Government’s Office Mai Tien Dung and held in Hanoi on July 8.

Vietnam has made a new policy move in its journey to transform itself into a digital economy and improve its legal framework, much to the appreciation of investors and businesses.

A working group has just been founded under the Prime Minister’s decision to promote foreign investment in Vietnam.

Non-cash payments continue to boom in Vietnam this year as the country has seen a surge in banking transactions and mobile payments in the first four months of the year, according to an official from the State Bank of Vietnam (SBV).

The Department of Computerisation under the Ministry of Information and Communications held the opening ceremony of a programme to train 100 e-Government experts in Hanoi on June 11.

Facebook, in partnership with the US Mission to Vietnam and partners, launched a campaign entitled “Facebook for Vietnam” to celebrate the 25th anniversary of Vietnam - US relations on May 24.

The country wants to raise the digital economy’s contribution to gross domestic product (GDP) to 20 per cent by 2025 and 30 per cent by 2030.

The digital and platform economies would become pillars of our future society,

Vietnam needed to invest in the digital economy and seize the opportunities it provided to improve labour productivity.

Vietnam is the fastest-growing digital economy in the region, largely due to investment inflow which is still on an unprecedented rise, The Business Times has reported.

The second Global Young Vietnamese Intellectual Forum will take place in Hanoi from November 26-28, the Central Committee of the Ho Chi Minh Communist Youth Union (HCM CYU) announced on November 21.

From the state firms’ perspective with the priority of ensuring no loss to state capital, investments in innovation pose high risks due to its uncertain nature, which could translate into successes into the long term or not.