Digital Economy Prospects in Vietnam and Identifying Government Support

Published: April 2022

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 this issue of Vietnam Briefing, we examine Vietnam’s digital economy and industries contributing to its growth. We follow up by an explanation of the developing regulatory framework and government support measures available. We conclude with a focus on the e-commerce industry.

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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.

In this issue of Vietnam Briefing magazine, we examine Vietnam’s digital economy and industries contributing to its growth. This is followed by an explanation of the developing regulatory framework and government support measures available. We conclude with a focus on the e-commerce industry, key growth drivers, and market entry options.

This magazine is based on Dezan Shira & Associates’ years of experience in supporting foreign enterprises in Vietnam. For more information on Vietnam’s digital economy and how to enter the e-commerce market, please contact us at vietnam@dezshira.com.

Digital Economy Prospects in Vietnam and Identifying Government Support | Asia Briefing
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