Mobile Internet to contribute US$5.1 bln to VN’s GDP

VGP - Research recently conducted by Oxford Economics says that the mobile internet sector may contribute US$5.1 billion to Viet Nam from 2015 to 2020, equivalent to 6.2% of the country’s gross domestic products (GDP) growth forecast.

August 03, 2016 4:59 PM GMT+7

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The information was released at a seminar held by the American Chamber of Commerce in Viet Nam and Google on August 2.

During this period, the sector created an output worth US$3.7 billion for Viet Nam’s total income - equal to 6.4% of the country’s total GDP in this period and helped provide 137,000 new jobs for local people, the research said.

According to the recent report of the Internet World Stats, Viet Nam ranked 15th among top 20 nations with the highest number of Internet users in the world with 49 million ones.

The mobile penetration ratio in Viet Nam will almost double to nearly 80% by 2020 from what it was at the end of 2015, which is expected to match the forecast subscription rate for the entire Southeast Asia (SEA) region.

The sector is also expected to create roughly 146,000 new jobs for the country by 2020, or 3.2 per cent of the total employment growth estimate.

By Thuy Dung