indonesias digital economy sector generates 175 billion usd in tax revenue

Indonesia’s digital economy sector generates 1.75 billion USD in tax revenue

The tax revenue from the digital economy sector in Indonesia reached 27.85 trillion IDR (1.75 billion USD) from 2022 to the end of August 2024, according to the Taxation Directorate General under the country’s Finance Ministry.
cross border e commerce to be boosted

Cross-border e-commerce to be boosted

Commodities export through cross-border sites is expected to create booming development for Vietnam’s e-commerce business.
a fresh space for vietnamese singaporean businesses

A fresh space for Vietnamese-Singaporean businesses

New opportunities are coming for businesses and investors of Vietnam and Singapore in the areas such as carbon credits, renewable energy, and the digital economy. Kenneth Loh, vice president of the Singapore Chamber of Commerce’s Hanoi office, talked to VIR’s Bich Thuy about what lies ahead.
thai government urged to tighten oversight on e commerce

Thai government urged to tighten oversight on e-commerce

The government of Thailand is intensifying its oversight of foreign e-commerce platforms, with Prime Minister Srettha Thavisin instructing the Revenue Department and the Ministry of Digital Economy and Society to ensure that the Chinese online retailer Temu adheres to Thai laws and tax regulations.
economy continues optimistic trend

Economy continues optimistic trend

Vietnam’s industrial production, which has been grappling with ongoing challenges, is showing signs of recovery, with this positive trend expected to continue until the end of the year.
digital economy being led by real world asset tokenisation

Digital economy being led by real world asset tokenisation

Asset tokenisation offers a significant opportunity for developing countries like Vietnam to engage in the global capital market with efficient capital mobilisation channels and low costs for projects involving real-world assets (RWAs).
5g opportunities for domestic and global businesses

5G opportunities for domestic and global businesses

Mobile network operators in Vietnam are rapidly deploying 5G infrastructure, poised to unlock new revenue opportunities for themselves and for domestic and international technology firms. This advancement is set to play a pivotal role in accelerating the country’s digital transformation and fostering the development of its digital economy.
a digital vietnamese made approach

A digital Vietnamese-made approach

The digital technology industry has been identified in Resolution No.29-NQ/TW as one of the six foundational industries. Tech businesses, whether developing, manufacturing, or providing technology as a service, play crucial roles in accelerating tech adoption across the economy and society. They particularly contribute to implementing the national programme on enhancing the independence and self-reliance of Vietnamese production.
cmc joins the hyperscale data centre race

CMC joins the hyperscale data centre race

Amidst the rapid development of Vietnam's digital economy, there is an increasingly active race being run to develop data centres and develop world-class IT infrastructure in the country.
vietnam unlocking digital potential

Vietnam unlocking digital potential

Vietnam was the fastest-growing digital economy in ASEAN in 2023, with potential to become the second-largest by 2030. The country remains on track to recover from the trade downturn, though growth remains uneven.
prospects heightened for data centre development

Prospects heightened for data centre development

Vietnam is witnessing significant growth in the data centre market, driven by the expanding digital economy and rising data consumption in the region.
sao do group leans on sustainable development

Sao Do Group leans on sustainable development

The journey towards building eco-friendly industrial parks (IPs) to gradually reduce their carbon footprint is becoming increasingly respected by investors at Nam Dinh Vu IP.
prime minister chairs seminar with chinese businesses

Prime Minister chairs seminar with Chinese businesses

Prime Minister Pham Minh Chinh on May 14 chaired a seminar with representatives from 19 Chinese groups specialising in green economy and digital economy.
green economy digital economy breakthrough of vietnam china ties pm

Green economy, digital economy breakthrough of Vietnam-China ties: PM

Prime Minister Pham Minh Chinh on May 14 expressed his belief that economic-investment-trade cooperation, especially in green economy and digital economy, will be a driver and a breakthrough of the Vietnam-China relationship.
seeking to build a digital intelligent asia pacific

Seeking to build a digital, intelligent Asia-Pacific

More than 2,000 government officials, scholars, partners, and analysts from 15 Asia-Pacific countries and regions gathered at the Huawei Digital and Intelligent APAC Congress in Thailand on April 29 to discuss the deployment of digital and intelligent infrastructure.
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