HO CHI MINH CITY: Vietnam remains the fastest growing digital economy in South-East Asia for a second year in a row and is expected to hold this position until 2025, according to a report.
The eighth South-East Asia Digital Economy Report released by Google, Temasek and Bain & Co last week covering Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, said despite global economic headwinds, the region’s gross merchandise value (GMV) remains on an upward trajectory, growing at 11% a year, and is set to reach US$218bil.
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