Illustrative image (Source: Internet) According to the report, In Vietnam, with its various stages of social distancing, users turned to the internet for solutions to their sudden challenges. A significant number tried new digital services: 41 percent of all digital service consumers were new (higher than the SEA average), with 94 percent of these new consumers intending to continue their behaviour post-pandemic. E-commerce has driven significant growth in the country, at 46 percent, alongside strong growth across most sectors, except for travel, it said. The report also said that Southeast Asia’s digital economy remains resilient at 100 billion USD in gross merchandise value (GMV) despite headwinds and is on track to cross 300 billion USD in GMV by 2025. Indonesia and Vietnam continued to grow at double-digit rates, and Singapore remains a regional enabler for growth, despite short term GMV decline due to the online travel sector. The report, which covered Indonesia, Malaysia, Vietnam, Singapore, Thailand and the Philippines, showed that Internet usage in the region continues to multiply, with 40 million new users this year alone. That pushed the total number of internet users in these Southeast Asian countries to 400 million or nearly 70 percent of the population…. Read full this story
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