The Vietnam Digital Content Creation Alliance (DCCA) has proposed a zero-percent VAT on digital content produced to serve foreign markets and viewers, applied to both individuals and businesses.

Monotonous content with little creativity is why the revenue of businesses providing services on mobile telecommunications networks in 2022 dropped by 20 percent.

The Vietnam Digital Communication Association (VDCA) is asking YouTube and Facebook not to cause losses to Sconnect while waiting for judgments from courts in the UK and Hanoi.

While rice and catfish companies receive support from ministries and agencies when international disputes occur, digital content firms do not.

Telecommunications firms are turning towards developing their own digital content, the Vietnam Telecommunications Authority (VNTA) under the Ministry of Information and Communications has said.

Vietnam has experienced two periods of digital product development. Developing a digital ecosystem plays an important role in promoting sustainable socio-economic development.

Vietnam won a gold prize and a silver prize at the categories of corporate social responsibility and digital content at the ASEAN ICT Awards 2019 (AICTA) on October 24 in Vientiane, Laos.

The community of Vietnamese TV service providers has been stirred up by the news that Baidu and Tencent have begun selling VOD (video on demand) with subtitles in Vietnamese, collecting fees from VIP subscribers in Vietnam dong.

 VNG, the Vietnamese technology firm specializing in digital content, online entertainment, social working and e-commerce, now has a valuation of $2.77 billion.

VietNamNet Bridge - Believing that they are at a disadvantage, digital content firms have proposed establishing a special zone.

VietNamNet Bridge - Network operators have announced the suspension of online payments via scratch cards, causing concern among digital content and online game firms.

VietNamNet Bridge - Vietnam needs new policies to allow domestic firms to compete equally with foreign ones, experts have said. 

VietNamNet Bridge - The digital content industry is witnessing a shift in devices from computers to smartphones. 

VietNamNet Bridge - Developing the digital content industry has been a good policy, as it can take full advantage of Vietnamese workers’ competitive edge. But the industry faces issues that need to be addressed. 

VietNamNet Bridge - Though a Vietnamese game firm has found that one of its products has been copied by a Chinese firm, it does not know what to do to claim its copyright. 

AVG now gives set top boxes to service subscribers for free, while K+ and VTC now sell the devices below cost prices. The satellite TV services have become cheaper than ever.

The State has been urged to apply reasonable policies to encourage the development of the domestic digital content industry – the sector that can bring high added value to Vietnam.

Vietnam is now witnessing the boom of Internet-based digital services, since investors can see the big potentials of the market. However, experts say the market is still like a bear garden due to the lack of a perfect legal framework.