Vietnam takes lead in internet economy in SEA: Report
Vietnam takes the lead and set to post a 31% growth in gross merchandise value (GMV) from 23 billion USD in 2022 to 49 billion USD in 2025, according to the "e-Conomy SEA 2022" report released by Google, Temasek and Bain & Company on October 27.
Hanoi (VNA) – Vietnam takes the lead and set t♏o post a 31% growth in grossmercha🥀ndise value (GMV) from 23 billion USD in 2022 to 49 billion USD in 2025, accordingto the "e-ConomySEA 2022" report released by Google, Temasek and Bain & Company on October27.
Thereport said South East Asia’s top digital economies grew faster than expectedin 2022 and is set to reach 200 billion USD in total value of transactions madethis year. The sixmajor economies covered in the report, namely Indonesia, Malaysia, thePhilippines, Singapore, Thailand and Vietnam, will achieve the milestone of200 billion USD by 2025 which is three years earlier than schedule. The 2022GMV rose by about 20% from 161 billion USD in 2021. “After years of acceleration,digital adoption growth is normalising,” said the report. Southeast Asiacontinues to see growth in the number of internet users, with 20 million new usersadded in 2022, raising the total number of users to 460 million. However,that growth is starting to slow, and was just 4% in 2022 compared to a yearago. That’s compared to a 10% year-on-year increase in 2021 and 11% growth in2020, at the height of the coronavirus pandemic. SoutheastAsia’s online economy is still on track to reach 1 trillion USD by 2030 as online shopping becomes the norm,according to the report. “E-commerce continues toaccelerate, food delivery and online media are returning to pre-pandemic growthlevels, while travel and transport recovery to pre-COVID levels will taketime,” the report said. Another growth driver,digital financial services, which includes payments, remittances, lending,investments and insurance, have seen healthy growth from 2021 to 2022, thanksto offline-to-online behavior shifts post-pandemic, wrote the report. Among these services, insurancerecorded the highest, growing 31% year-on-year while lending grew 25%year-on-year. All the six countries are set to postdouble-digit growth in GMV from 2022 to 2025. Overall, their Internet economy is predicted to reach 330billion USD by 2025 if companies put a greater focus on profitability for thenext three years./.
Vietnam's B2C retail e-commerce revenue this year is estimated at 16.4 billion USD, marking the first year to reach this landmark, reported the Vietnam E-Commerce White Book 2022.
Southeast Asian startups are enjoying a boom in fundraising exercises by venture and buyout funds that are looking for bigger returns and turning away from regulatory turmoil in Chinese markets, even at the risk of slower growth, reported Reuters news agency.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Photo: weforum.org) 
