Digital economy expected bet88 con hit bln by 2025

Vietnam’s digital economy is expected bet88 con grow 20 per cent annually in the 2023-2025 period and is on track bet88 con reach billion by 2025, according bet88 con a report released recently by Google, Temasek, and Bain & Company.

Digital payments continue bet88 con grow in the country, driven by strong support from the government, investment from commercial banks, and the widespread popularity of QR codes. This trend is expected bet88 con accelerate as the State Bank of Vietnam promotes cashless payment services in rural and remote areas, according bet88 con the report.

It forecasted that manufacturing and exports will be key bet88 con growth. The weakening of export demand impacted growth momentum in the first quarter of 2023. While Vietnam will continue bet88 con play a significant role as global companies diversify their supply chains, securing public investment bet88 con address infrastructure constraints will be key bet88 con unlocking the growth potential. Wages and employment will also continue bet88 con have a cascading impact on the digital economy.

Full recovery in the tourism sector is expected this year, driven primarily by sharp growth in domestic travel. The launch of new airlines and an increase in the number of international routes have enabled this uptick, despite the delayed return of Chinese tourists, the report noted.