Games Industry Showcase, an important event of the game industry that focuses on developing Vietnam into a game powerhouse, was organized by Google Cloud on October 11. The participants were well known game firms such as VNG Games, Amanote, Wolffun Game and FPT Telecom.

Nguyen Duc Toan, CEO of Google Cloud Vietnam, said that Google believes the goal of obtaining $1 billion worth of revenue from games in the next five years set by MIC is feasible.

There are four favorable factors that can help develop Vietnam’s game industry, including human resources, infrastructure, the young population, and modern technology use in game production.

Regarding the workforce, Toan said Vietnam has a good education system and Vietnamese students are clever and eager to learn, which produces talented engineers. In the field of software programming, Vietnam is now among the world’s top 10 in number of talented engineers.

Vietnam has good network infrastructure, including companies like FPT which use new technologies to serve clients and businesses.

Vietnam provides fiber optic cable internet services to every home at a low fee, unlike many countries. Vietnam’s 4G service fees are among the lowest in the world. These factors have provided an initial platform for studios to produce and distribute games in the market.

Another advantage of Vietnam in developing games is the young population, while 72 percent of adults using smartphones to chat, shop, watch videos, play games and connect with each other via social networks.

Vietnamese studios develop games for mobile phones first, not for computers, which is considered an advantage over many countries.

This allows Vietnam’s game industry to have a talented generation of programmers, developing games for mobile phones.

Vietnam-made games ranked fifth in the world in number of downloads in the first six months in 2023, and the growth rate of mobile games in Vietnam was even higher than in Japan and South Korea.

Toan said that the online game generation plays an important role. It may take years to sell 1 million computers, but it only takes one or two years to sell millions of mobile phones. This explains why mobile games are expected to be the trend in the future and will bring great opportunities to Vietnam game producers.

Thai Khang