Southeast Asia’s internet economy estimated at 50 billion USD
Southeast Asia’s internet economy is estimated to reach 50 billion USD in 2017, according to a report released by Temasek of Singapore and Google of the US on December 12.
Southeast Asia’s internet economy is estimated to reach 50 billion USD in 2017. (Photo: Reuters)
Singapore (VNA) – Southeast Asia’s internet economy is estimatedto reach 50 billion USD in 2017, according to a report released by Temasek ofSingapore and Google of the US on December 12.
“The e-Conomy SEA Spotlight 2017” report says the regional internet economy ison course to exceed 200 billion USD by 2025, or 6 percent of Southeast Asia’s projectedGDP by then, compared to 2 percent in 2017 and 1.3 percent in 2015.
All sectors of the region’s internet economy have experienced solid growth in2017, the report states. Online travel reached 26.6 billion USD buoyed byairline and hotel online bookings, online media touched 6.9 billion USD ande-commerce and ride hailing growth surpassed 40 percent in the year.
The region’s internet user base continued to grow rapidly in 2017, with monthlyactive internet users set to reach 330 million by the end of the year.-VNA
Research recently conducted by Oxford Economics says that the mobile internet sector may contribute 5.1 billion USD to Vietnam from 2015 to 2020, it was revealed at a workshop on August 2.
Over 20 years of development, Vietnam’s internet has made sustainable contributions to society and Government policies have resulted in 60 percent of the population using the web.
Vietnam-based internet company VNG Corporation earned more than 3 trillion VND in net revenue (133 million USD) and 543.4 billion VND (23.9million USD) in after-tax profit last year, according to its 2016 financial report.
Relevant organisations and agencies should join hands to create a safe internet environment for children, said Deputy Minister of Labour, War Invalids and Social Affairs Dao Hong Lan.
The package, endorsed on June 24, comprises 481 projects designed to boost GDP by an additional 0.4% and generate temporary employment for about 7.4 million people nationwide.
An Indonesian official emphasised that energy security is extremely essential amid global geopolitical and economic fragmentation, highlighting the need for the energy industry to strengthen resilience and responsiveness in the face of fluctuating oil prices and the shift to clean energy.
ASEAN must deepen collaboration through platforms such as the ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) to ensure regional responses keep pace with the rapidly evolving cyber threat landscape.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Southeast Asia’s internet economy is estimated to reach 50 billion USD in 2017. (Photo: Reuters) 
