Vietnam wants digital economy equal to 20% of GDP in four years

Vietnam is racing to increase its digital economy, with services like Tiki's express service which is winning over reluctant Vietnamese, many of whom are trying online shopping for the first time during the pandemic. —Bloomberg

Vietnam, which has one of the smallest e-commerce markets in Southeast Asia, is in a hurry to catch up.

Hanoi wants the digital economy to represent 20% of Vietnam’s gross domestic product by 2025, the government website reported, citing a draft decision by the prime minister. The National Party Congress, which meets every five years, has set a target for the digital sector to make up 30% of GDP by 2030.