Vietnam’s digital economy is expected to grow 20 per cent annually in the 2023-2025 period and is on track to reach $45 billion by 2025, according to a report released recently by Google, Temasek, and Bain & Company.
Digital payments continue to 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 to accelerate as the State Bank of Vietnam promotes cashless payment services in rural and remote areas.
