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E-commerce race heats up with new player entering arena

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 Experts said the Vietnamese e-commerce market has experienced robust growth with new shopping trends on the horizon. Industry experts note that Vietnam’s e-commerce market has been experiencing robust growth and anticipates new shopping trends on the horizon, anticipating a fierce competition in the sector with continuous launch of promotional campaigns. According to a report from …

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Investors wait for a boost in the IPO market

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   The approved plan outlines the upcoming public offering, expected to take place either in the fourth quarter of 2024 or the first quarter of 2025. The IPO landscape in Vietnam has weathered a subdued phase following the outbreak of the COVID-19 pandemic, with State-owned enterprises largely absent from the public market limelight. Instead, private …

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Vietnam seeks Japanese investment in high-tech industries

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   Vietnam hopes that Japanese businesses, with their strengths in capital, advanced technology, and modern management practices, will explore and soon initiate new investment projects in Vietnam, particularly in high-tech sectors where Vietnam has needs and offers preferential investment policies, Minister of Industry and Trade Nguyen Hong Dien was quoted by the national radio broadcastor …

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Vietnam’s 2025 GDP forecast to hit $506 bln: IMF

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Vietnam’s GDP is expected to reach $506 billion in 2025, becoming the 33rd largest economy globally, according to the latest forecast from the International Monetary Fund (IMF). The country’s economy is forecast to grow by 6.1% next year, higher than forecasts for other countries in the region with 4.5% for China, 5.1% for Indonesia, 3% …

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Google will officially open its Vietnam office in 2025

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Google will establish its official presence in Vietnam in 2025, transferring advertising partner responsibilities from Google Asia Pacific to Google Vietnam Co., Ltd. Starting April 1, 2025, Google Vietnam will manage contracts and invoicing in Vietnamese dong (VND) with 10% VAT. Google Vietnam will directly manage customer relationships in Vietnam from March 1, 2025, replacing Google …

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Vietnam’s 5G network to cover 99% of population by 2030

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Given the telecom market’s growth trajectory, it is projected that there will be over 90 million 5G connections in Vietnam by 2030, with 5G coverage exceeding 99% of the population. According to the GSMA’s report, tittled “Accelerating 5G in Vietnam,” the country is one of Asia’s most dynamic and fast-growing nations with digital transformation already …

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Vietnam poised to become an e-commerce dragon in Southeast Asia

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Vietnam’s digital economy is booming, projected to reach $220 billion by 2030, driven largely by e-commerce. E-commerce constitutes over 60% of this economy, with a projected 28% CAGR from 2025-2033. This growth is fueled by increased internet/mobile usage, expanded electronic payments, and supportive government policies. The Vietnamese government aims to reduce cash transactions to under 10%, actively …

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HCMC’s startup ecosystem nears global Top 100

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The Ho Chi Minh City People’s Committee has released a report summarizing the five-year implementation of the “Project to Support the Development of the City’s Startup and Innovation Ecosystem for the 2021-2025 Period.”. It notes that the city’s startup and innovation ecosystem provides a solid foundation in support of innovation activities and is growing rapidly. …

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Internet users in Vietnam estimated to surpass 100 mln by 2029

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With the theme “New Advances for Vietnam’s Internet – Breakthrough with DC, Cloud, 5G & AI”, the event gathered Vietnamese and foreign experts, businesses, and organizations to discuss digital transformation in Vietnam. Nguyen Thanh Phuc, Director General of the Department of Telecommunications at the Ministry of Information and Communications (MoIC). Investments in advanced technologies like …

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