HCM CITY – Việt Nam’s digital economy is projected to grow fastest in Southeast Asia, reaching US$50 billion by 2025, a report said. The boom in e-commerce has accelerated the country’s digital transformation of businesses in logistics, delivery, tourism, finance, media, and entertainment. Online payment systems like e-wallets, e-transaction gates and e-banking have also developed speedily following a surge in online services, with 61 per cent of online purchases used cashless payments last year. But digital transition does face challenges due to underdeveloped digital infrastructure, especially the lack of a standardised, synchronised national database. To tackle these problems, HCM City has laid out a plan for “Developing digital economy, sharing economy, and circular economy” that encourages enterprises to adopt technology and new operational methods to create sustainable goods and services, its People’s Committee said.

Source: Viet Nam News July 14, 2023 09:02 UTC