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Vietnam wants digital economy equal to 20% of GDP in four years

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BEIJING (Reuters): Antibodies triggered by Sinovac Biotech's Covid-19 vaccine declined below a key threshold from around six months after a second dose for most recipients, but a third shot had a strong booster effect, a lab study showed.

Vietnam is racing to increase its digital economy, with services like Tiki's express service which is winning over reluctant Vietnamese, many of whom are trying online shopping for the first time during the pandemic. —Bloomberg

Hanoi wants the digital economy to represent 20% of Vietnam’s gross domestic product by 2025, the government website reported, citing a draft decision by the prime minister. The National Party Congress, which meets every five years, has set a target for the digital sector to make up 30% of GDP by 2030.

Officials want 80% of the population to have online payment accounts by 2025, according to the government’s post. That’s also when they want half of e-commerce transactions – many of which are still conducted in cash – to go cashless.

Source: Financial Digest (financialdigest.net)

 

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