Vietnam’s digital economy has experienced remarkable growth in recent years, and it is projected to reach a value of US$57 billion by 2025. The country’s digital transformation has been accelerated by the COVID-19 pandemic, which compelled businesses to explore virtual possibilities amid physical mobility restrictions. To facilitate technological innovation, the Vietnamese government is actively creating a supportive regulatory environment and providing incentives.

Digital transformation efforts span across various sectors, including ICT infrastructure, cybersecurity, e-government, digital skills development, Industry 4.0, and tax policies. Several key industries are driving the growth of Vietnam’s digital economy, such as e-commerce, Fintech, ICT, and Edtech.

In this issue of Parker Russell magazine, we delve into Vietnam’s digital economy and the sectors contributing to its expansion. We explore the evolving regulatory framework and highlight the government’s support measures available to businesses. Furthermore, we focus on the thriving e-commerce industry, identify growth drivers, and present market entry options for entrepreneurs.

This magazine draws on the expertise of Parker Russell, a leading firm that has assisted numerous foreign enterprises in Vietnam. For comprehensive insights into Vietnam’s digital economy and guidance on entering the e-commerce market, please reach out to us at info@prv.com.vn.

As Vietnam embraces digitalization and witnesses the rapid growth of its digital economy, small business owners can seize this opportunity to harness the potential of the digital landscape. With the government’s support, favorable regulations, and a dynamic market, Vietnam offers an environment conducive to digital innovation and entrepreneurial success.