The internet economies of Vietnam and Indonesia are expanding over 40% annually, leading the Southeast Asian region, according to a report by Google, Singapore state investor Temasek Holdings and global business consultants Bain & Company.

The Vietnam’s internet economy is forecast to reach US$12 billion in 2019.

The development of e-commerce and increasing confidence of investors are among the reasons to help Vietnam become a dynamic and spectacular online market in the region.

Vietnam currently has about 61 million internet users, an increase of 17 million compared to 2015.

The report also forecast that the internet economy of Southeast Asia will hit US$100 billion in 2019 and up to US$300 billion by 2025.

Meanwhile, the online economies of Malaysia, the Philippines, Singapore and Thailand are expected to grow by 20%-30% per year.

The development of the Southeast Asia's online industry comes from fundamental changes in the way people shop, eat and travel. Tens of millions of people in the region are using the internet and their smart phones to shop online, order food and use ride-share services, play games, buy air tickets, and others.

More than US$37 billion has been invested in online companies in Southeast Asia in the past four years, particularly in e-commerce companies, according to the report.

Bac Giang implements specific local policies to mobilize resources for economic development and ensure social security

(BGO) – Over the past time, many resolutions with specific local policies issued by the People's Council of Bac Giang province have been implemented effectively. These are policies to create favorable conditions for production development, generate jobs and improve people’s incomes and living conditions, thus creating positive socio-economic changes in the province.

Representative from Lower Silesian Economic Cooperation Agency, Poland seeks community-based tourism development opportunity in Bac Giang

(BGO) - Roman Kozłowski, President of Lower Silesian Agency of Economic Cooperation Ltd, Poland had a meeting with the provincial Center for Investment Promotion and Enterprise Development about community-based tourism development in Bac Giang province.

Deputy Prime Minister active at 5th Eastern Economic Forum

Deputy Prime Minister Trinh Dinh Dung attended the plenary session of the fifth Eastern Economic Forum under the chair of Russian President Vladimir Putin in Vladivostok City on September 5.

14 central provinces with huge economic potential

  

PM chairs meeting of sub-committee on socio-economic affairs

Prime Minister Nguyen Xuan Phuc chaired a meeting of the sub-committee on socio-economic affairs for the 13th National Party Congress in Hanoi on August 8. 

Source: NDO