Of 100 million Vietnamese people, 60 million are Internet users with high demands for audiovisual services, including streaming services.
Netflix, a US media-services provider, wants to produce its programs in Vietnam, for Vietnamese people that abide by the country’s regulations, said CEO of Netflix Reed Hastings in a meeting with Minister, Chairman of the Office of the Government Mai Tien Dung in Busan, South Korea on November 25.
Chairman Mai Tien Dung stressed that Vietnam always highly values the cooperation with the US and welcomes any film co-production project with Vietnam.
Of 100 million Vietnamese people, 60 million are Internet users with high demands for audiovisual services, including streaming services that offer potential for Netflix' market development.
Vietnam is currently studying experiences from other countries to improve its institutions and policies to encourage more enterprises to invest in video streaming. Dung also expected Netflix to provide its experience in this field.
Netflix is one of the largest media service providers in the world with around 151 million registered accounts from 190 nations and territories. The Vietnamese authorities said that Vietnam expects Netflix to soon mark its official presence in Vietnam after opening official representative offices in Singapore, Tokyo (Japan), Mumbai (India), Seoul (South Korea) over the past three years.
In replying to the Vietnamese side, Netflix CEO affirmed that as Vietnam is home to a large number of internet users who are thirsty for online entertainment services, he believed that Netflix business will thrive in Vietnam. Hanoitimes
Netflix, the world’s leading internet entertainment service, has announced that members in Vietnam can now enjoy the service in Vietnamese.
Despite having been present in Vietnam for a few years, the US pay-TV Netflix has come under fire for dodging taxes and not supervising content. It is also questioned about its role in an online scam.
Local competitors are complaining about Netflix which they claim is dodging its tax obligation and does not supervise content in line with Vietnamese laws, reported VN Investment Review.