return icon Vietnamnet.vn

Businesses keep indifferent to domain name registration

Instead of spending several hundreds of thousands of dong to register and maintain domain names every year, enterprises have to spend hundreds of millions of dong to buy back domain names from others.

VietNamNet Bridge – Instead of spending several hundreds of thousands of dong to register and maintain domain names every year, enterprises have to spend hundreds of millions of dong to buy back domain names from others.

 

{keywords}

According to Tran Minh Tan, Deputy Director of the Vietnam Internet Network Information Center (VNNIC), Vietnam now has 500,000 operational businesses, but there are only 200,000 websites.

In a report released in early 2012, the agency said that only one-fifth of 500 enterprises in Vietnam had registered for a “.vn” domain name.

According to the VNNIC, Viet Nam currently has 181,000 registered “.vn” domain names belong to 124,000 organizations and enterprises.

Dying of indifference

The southern province of Binh Duong is believed to be the locality with the highest number of businesses having registered their domain names in the country.

However, Lai Xuan Thanh, Deputy Director of the provincial Information and Communication Department, said the number is just modest. There are 15,000 operational businesses in Binh Duong, while there are only 3,200 websites using the domain name “.vn”, and 1,500 using international domain names (“.com” or “.net”).

Not only small enterprises which were not aware of the importance of registering domain names, but big Vietnamese technology groups and general corporations also once lost their international domain names. The domain name “VNPT.com” was once registered by an institution in South Korea in October 2010, while “VNPT.net” has been owned by a South Korean institution since 2001.

Most recently, local newspapers reported that BKAV, the Vietnamese leading network security firm, had to spend VND2.3 billion to buy back the bkav.com domain name from a US company, which was “agile” enough to register the domain name before.

Also according to Thanh, competent agencies are dealing with a lot of domain name disputes, including the anz.com.vn and ibm.vn which now belong to domestic and foreign individuals.

In Vietnam, Nguyen Trong Khoa has been known as a big domain name trader, who has got rich by speculating domain names and selling to the enterprises which have the demand for the domain names with the worlds relating to their brand names or enterprises’ names.

It’s still unclear how rich Khoa is, but people believe that he owns the domain names worth multi billions of dong. Khoa was wise enough to register the domain names relating to or similar to the names of the famous enterprises and then sells the domain names back to the famous enterprises.

The domain names owned by Khoa prove to be invaluable, which enterprises have to spend big money to obtain them.

Nguyen Trong Tho, Director of iNet Company in HCM City, which provides Internet solutions, said a lot of businesses had to pay a heavy price for “forgetting” or for getting late in registering domain names.

“In many cases, the domain names were sold at the prices 1,000 times higher than the initial price. If you are lucky, you can buy a domain name at VND1.5 million only. However, in other cases, you may ask to pay up $20,000,” Tho said.

Especially, domain names may become invaluable, when some enterprises buy the domain names which coincide with the names of the rivals and then connect the domain names to their addresses in order to scramble for customers.

VNNIC has granted 1.1 million domain names with “.vn” so far.

SGTT

MORE NEWS

Outstanding policies take effect in Vietnam from February 2023

A string of policies on transferring money from Viet Nam to other countries, a 50-percent fee reduction when registering for permanent residence

Spiritual milestones affirm Vietnam’s sovereignty in the sea

Nine pagodas formed from shrines or small Buddha statues erected a long time ago in the Truong Sa archipelago by Vietnamese fishermen are not only places of religious and belief activities but also the country’s sovereignty milestones on the sea.

Vietnam to attend ASEAN Tourism Forum 2023 in Indonesia

Vietnam will participate in ASEAN Tourism Forum (ATF) 2023 themed “ASEAN: A Journey to Wonderful Destinations”, and the Travel Exchange (TRAVEX) trade fair in Yogyakarta, Indonesia from February 2 – 5.

Hanoi and Ho Chi Minh City among safest cities in Southeast Asia

Hanoi and Ho Chi Minh City have both been included in a list of the safest cities in Southeast Asia, as compiled by statistics site Numbeo.

Action plan issued to accelerate national anti-corruption strategy building

Deputy Prime Minister Le Minh Khai, head of the steering committee on building the national anti-corruption strategy by 2030, has signed a decision on the issuance of the committee’s action plan.

VIETNAM BUSINESS NEWS JANUARY 31/2023

Latest guidance on one-way money transfers from Viet Nam

HCM City proposes removing hindrances to develop real estate market

Ho Chi Minh City authorities made a proposal to clear bottlenecks for healthy and sustainable development of the real estate market.

More high-value foreign investment projects needed as tax policies change

Vietnam needs to improve FDI quality, attracting high-tech projects that promise to bring higher added value.

Khmer's ginger cake of love and faithfulness

The ginger cake of the Khmer ethnic group in Soc Trang Province is a beloved traditional treat that is often offered to ancestors on important anniversaries such as the Tet (Lunar New Year) festival.

HCM City promotes digital transformation in education

Digital transformation is considered key to improving education and training quality, as proven by the effect of HCM City actively applying digital transformation over the past five years.

Hanoi to close fruit shops lacking proper food safety preparations

The capital city of Hanoi encourages the expansion of safe fruit businesses while clamping down on fruit shops that do not comply with food safety protocols, specifically street vendors.

Dutch diplomat donates Vietnamese paintings to national museum

Vietnam National Fine Arts Museum has received two paintings from former deputy ambassador Ellen Berends of the Netherlands to Vietnam.

Hanoi's unique rice cooking contest in photos

On the 8th day of the first lunar month each year (January 29, 2023), Thi Cam village in Hanoi’s Nam Tu Liem district holds a rice cooking contest.

Hanoi proceeds with park revitalization program

The implementation of Hanoi leaders’ promise to revive parks has begun: admission to Thong Nhat Park is now free after the removal of the fence, and Con Coc Flower Garden has a new look. However, there are still many things that need to be done.

Vietnamese farmers on board the ‘digital agriculture train’

In the digital era, next-generation farmers can fertilize and water their fields in Binh Phuoc from afar, even in a different country.
back_to_top