Vietnam’s internet economy is expected to reach $36 billion in 2023, a 16% rise from last year, according to a forum hosted by the Ministry of Industry and Trade. Over 500 businesses attended to discuss digital transformation and green initiatives.
Deputy Minister Trương Thanh Hoài forecasted higher economic growth for Vietnam in 2024, driven by e-commerce and the digital economy as key sectors of development.
A Google-Temasek report estimated retail e-commerce will contribute $22 billion this year, making up 61% of the internet economy, with potential growth to $200 billion by 2030.
The forum provided a platform for agencies and businesses to share strategies for e-commerce expansion and digital transformation across sectors.
Workshops on manufacturing, energy, and e-commerce trends, along with tech exhibitions, showcased innovations and inspired collaboration among participants.