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Southeast Asia’s digital economy may be set to hit $1 trillion, but roadblocks remain

2023-06-01 08:55:13       source:CNBC

June 1, 2023


Southeast Asia’s digital economy has plenty of growth potential, backed by strong fundamentals including over 460 million digital consumers, young and tech-savvy populations, as well as rising internet penetration.


The digital economy across six countries within the Association of Southeast Asian Nations bloc — known as ASEAN-6 and comprising Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam — is projected to grow 6% annually.


That’s according to the latest e-Conomy SEA 2022 report released by Google, Temasek and Bain & Company that predicted that market could reach as much as $1 trillion by 2030.


Read more:

https://www.cnbc.com/2023/06/01/aseans-digital-economy-has-great-potential-but-roadblocks-remain.html