The latest forecasts for the digital economy in ASEAN | Business

by time news

2023-08-15 03:43:00

(Source: VNA broadcast)

Indonesian officials claim that the country will account for 40% of the Association of Southeast Asian Nations (ASEAN) digital economy market by 2022.

“In 2022, the value of the digital economy in ASEAN will reach US$194 billion, of which the value of the digital economy in ASEAN will reach US$194 billion,” said Rizal Edwin, digital transformation, innovation and human resources expert at the Department of Economic Affairs Coordination. that Indonesia holds 40%.”

Mr. Rizal Edwin emphasized with a population of 679 million people, accounting for 8% of the total global population, ASEAN has huge market potential in the business world, including the retail sector. Furthermore, the appearance of ecommerceor platforms? Online Shopping, as part of developments in information and communication technology that have made it easier for consumers to access products and services; while creating new business opportunities, thereby changing the face of the retail industry in Vietnam. ASEAN.

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Mr. Rizal Edwin noted: “The increasing penetration of the Internet and the use of smartphones has caused this region to witness very rapid growth in online trading activities, thereby providing opportunities. new to business entities.”

The stable economic growth of ASEAN countries has affected the retail sector in the region. Mr. Rizal Edwin added, “The economic growth rate of some ASEAN countries was recorded at a higher rate than the world average of 3.1%. Malaysia, Vietnam, Philippines, Cambodia, Singapore and Malaysia Indonesia has recorded growth rates between 3.8% and 8.7%.”

Next, he affirmed that Indonesia, the President ASEAN 2023, has made important contributions in promoting the region to establish highly beneficial trade cooperation relations with partner countries, including the struggle to complete the Economic Partnership Agreement. comprehensive (CEPA) with the European Union.

Experts also expressed optimism that Indonesia’s digital economy, with a value expected to reach $150 billion by 2025, will serve as an important tool to revive the national economy. /.

Van Phong (VNA/Vietnam+)

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