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| E-commerce revenue was estimated at USD 36 billion in 2025, tripling the 2020 level and maintaining 22-25 percent annual growth, the highest in the region__Photo: VNA |
Vietnam's digital technology industry solidified its role as a major economic driver in 2025, delivering strong financial and export performance that far surpassed targets, according to the latest report by the Ministry of Science and Technology.
The industry’s total revenue hit an estimated 198 billion USD, marking a 26 percent jump from last year and coming in 16 percent above the annual target. Its GDP contribution reached VND 1.075 quadrillion (nearly USD 40.9 billion), up 10 percent from 2024. Operational efficiency stayed strong, with profits estimated at over VND 371 trillion.
Hardware and electronics exports reached USD 178 billion, representing a 35 percent year-over-year increase and surpassing the annual target by 12 percent, firmly sustaining their place as one of the country’s key foreign currency earners.
E-commerce achieved a standout surge, with revenue estimated at 36 billion USD in 2025, tripling the 2020 level and maintaining 22-25 percent annual growth, the highest in the region.
Active digital technology firms numbered 80,052, a 10 percent rise from 2024, highlighting the sector's vitality and expanding domestic ecosystem.
Last year, Vietnam's digital economy was worth around USD 39 billion in gross merchandise value, posting an expansion of 17 percent - the second fastest growth in Southeast Asia.
Minister of Science and Technology Nguyen Manh Hung said Vietnam’s digital economy in 2025 remained largely focused on digitizing existing processes rather than fully shifting to new growth models. While the digital share of GDP grew rapidly, local value creation was limited by reliance on foreign platforms, and many SMEs were still not fully integrated into digital supply chains.
Boosts needed for digital economy
From a data economy viewpoint, Director of the National Data Centre Maj. Gen. Nguyen Ngoc Cuong described accurate, standardized, and regularly updated resident data as a prerequisite for secure, efficient, and scalable digital business operations.
Sectors such as e-commerce, digital finance, digital health, and digital education must rely on electronic identification and authentication systems to verify users, helping prevent fraud and foster trust in transactions. Moreover, when data is exploited and analyzed using AI and Big Data technologies, it can generate economic value many times greater than its original worth.
Arnaud Ginolin, Managing Director of Boston Consulting Group (BCG), noted that the low-altitude economy is emerging as a new and highly promising frontier, with growth driven by digital commerce, digital transportation, network infrastructure, industry, as well as defense and security. Vietnam, he said, needs to seize this opportunity.
Dr Pham Tuan Anh, CIO and CEO of Becamex Telecommunications and IT Corporation, recommended Government-led hubs of green and digital transitions for businesses, especially SMEs, alongside tax and land incentives for FDI companies tied to domestic technology adoption and supply chain localization. He advocated indirect backing via local infrastructure or technology firms and deeper supply chain integration to secure mutual growth for domestic enterprises and investors.
Le Hong Viet, CEO of FPT Smart Cloud, proposed public - private partnership mechanisms to bring computing capacity to all segments of society, forming a shared “factory” for research and development (R&D).
Cao Anh Son, Deputy CEO of Viettel, urged prompt guidelines for efficient state budget allocation toward R&D investments. Priorities should be given to research programs and projects that focus on foundational and inclusive technologies with high spillover effects such as semiconductor, low-altitude satellite, and dual-use technologies serving national defense, security, and economic development.- (VNA/VLLF)
