Volin said Russia sees the potential of cooperation with the bloc in the fields of cyber security, digital television, and software development.

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According to him, the digital landscape in ASEAN is booming, particularly in the gaming and television industries. Regional governments are seeking foreign partners to create a range of top-quality products.

The ASEAN digital economy is forecast to be worth USD 240 billion by 2025, USD 88 billion of which will be funded by e-commerce.

Statistics from Singapore Temasek Holdings show that the ASEAN digital economy was worth USD 50 billion last year, with e-commerce revenue nearing USD 10.9 billion.

Source: VNA