Vietnam’s digital economy has been booming and is the second fastest-growing market in Southeast Asia after Indonesia. The internet economy of Vietnam has reached a value of $12 billion in 2019, with an annual growth rate of 38 percent since 2015 and is expected to surge to $43 billion by 2025. Digital transformation is an indispensable factor to help businesses gradually get used to the new economic state after the COVID-19 pandemic. For Việt Nam, 61 per cent of business leaders surveyed have already seen changes in customers’ purchasing behaviour and motivations since the start of 2020.
Digital economy has a prominent role in the EU’s policy on sustainable development. The EU aims to use technology to help Europe become climate-neutral by 2050. The EU is well positioned to be Vietnam’s global partner on digital economy.
The EVFTA and EVIPA were approved by the National Assembly of Vietnam on June 8, 2020 and the EVFTA cAme into force on August 1st, 2020. The two agreements are approved at a time when the Government of Vietnam consistently reiterated the importance of promoting sustainable economic growth after the COVID-19 pandemic, in which development of local business (especially SMEs and start-ups), promotion of FDI, linkage with global supply chains, digital economy and digital transformation are considered to be of great importance.
In such a context, the EU Delegation to Vietnam organizes the roundtable ““Digital Economy, Digital Transformation in Vietnam and the EVFTA”. This is the second out of three roundtable events to be organized by the Delegation until the end of 2020.
The Roundtable 2: DIGITAL ECONOMY, DIGITAL TRANSFORMATION IN VIETNAM AND THE EVFTA
To register for this roundtable, kindly click the link below: