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Vietnam Surges Ahead in SEA’s Thriving Digital Economy
Vietnam's digital economy grew over 20% in 2024, contributing 18.3% to GDP—the fastest in Southeast Asia. The country climbed 15 spots in the UN e-Government Development Index, ranking 71st. Revised Telecommunications and Data Laws improved digital resource sharing and curbed monopolization. AI-driven industries expanded, strengthening public-private IT partnerships. New social media and cybersecurity regulations enhanced protection against online threats.
Vietnam's digital economy experienced remarkable growth in 2024, contributing 18.3% to the country's GDP and expanding at an annual rate of over 20%—three times faster than overall GDP growth and the highest in Southeast Asia, according to the Vietnam News Agency (VNA).
The Ministry of Information and Communications (MIC) highlighted significant strides in the nation’s digital transformation.
Vietnam advanced 15 positions in the United Nations e-Government Development Index (EGDI), ranking 71st out of 193 countries—its first time being classified in the "very high" category for e-government development.
Revised policies, such as the updated Telecommunications Law and Data Law, have tackled issues like data monopolization, promoting better sharing and utilization of digital resources.
These advancements have spurred the growth of AI-driven industries and strengthened public-private partnerships in IT investment and digital governance.
Additionally, new regulations on social media and cybersecurity have bolstered Vietnam’s defenses against online fraud and cyber threats. (AZERTAC)
Source: https://www.pna.gov.ph/articles/1243764
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