Mobile Internet to help Vietnam earn more than 5 billion USD in the next 5 years

With the density of mobile phone users far exceeding the average of countries with similar incomes, Vietnam's GDP will have an additional 5.1 billion USD in the next 5 years.

A report by Oxford Economics - an organization specializing in providing research and forecasting data at Oxford University (UK) said that from 2010 to now, the density of mobile phone usage in Vietnam has far exceeded the average level of countries with similar income, thanks to which the Vietnamese economy has benefited significantly.

Specifically, over the past five years, the development of mobile Internet has contributed to increasing Vietnam's GDP by 3.7 billion USD. Along with that, the higher level of mobile technology usage has created an additional 137,000 jobs, equivalent to 2.7% of the total employment growth during this period.

Oxford Economics predicts that from now until 2020, the growth rate of mobile Internet technology in Vietnam will be on par with the growth rate of the ASEAN region. More notably, the subscriber density will double, reaching approximately 80%.

The positive thing is that Vietnam's GDP will have an additional 5.1 billion USD and 146,000 new jobs in the next 5 years. With this level, the contribution of mobile Internet will rank 8th after the following industries: production - manufacturing; distribution; public services; infrastructure; hotels; transportation and other services...

The Vietnam research data is part of a research project aimed at quantifying the socio-economic benefits of mobile Internet technology in the ASEAN region conducted by Oxford Economics over the past six months.

The organization also concluded that the growth in mobile Internet density has contributed to increasing ASEAN GDP by 47.2 billion USD and creating more than 900,000 new jobs in the period from 2010 to present. It is forecasted that in the next 5 years, the increased application of mobile Internet technology will help ASEAN GDP increase by 58.1 billion USD.

Mr. Oliver Salmon - Senior Economist of Oxford Economics said that there are 6 basic reasons why the explosion of mobile technology creates breakthrough development for economies. In particular, mobile technology allows people to access a huge amount of information online more easily. Small businesses also thanks to it reach a larger customer base.

According to VNE