Will the third internet wave bring opportunities to Vietnam’s social networks that aim to gain users from Facebook?

Lotus, the newly launched ‘made in Vietnam’ social network, aims to focus on distributing content for press agencies and entertainment content producers.

The collection of tax from cross-border services, or services provided by foreign firms via internet to users in Vietnam, is included in the amended Tax Management Tax, expected to take effect in early 2020.

Vietnam cherishes a ambitious plan to become one of the first countries trying 5G, called the ‘highway of the digital economy’.

Lotus is believed to be a direct rival to Facebook in Vietnam, but it is still too early to say if it can defeat the giant.

Timor Leste always appreciates the support of Vietnam for his country during the war time and in the last 20 years as well, Prime Minister of Timor Leste Taur Matan Ruak told the special envoy of Vietnamese PM Nguyen Manh Hung.

Since the beginning of 2019, there have been three social networks established in Vietnam.

To build a Vietnamese social network and cement its position in Vietnam, the first thing that needs to be done is to defeat Facebook.

Vietnam needs to have its own social network and search engine to replace foreign platforms Facebook and Google, said Minister of Information and Communications Nguyen Manh Hung at a recent meeting with IT firms in HCMC.

The Vietnamese government would considers establishing special tech zones to pilot incentive policies for tech companies in the future.

The government of Vietnam has placed an unprecedented order: create a social network for Vietnamese. If this happens, Vietnam will be able to pocket hundreds of million of dollars from online ads and get other benefits.

VietNamNet Bridge - Vietnam needs a digital ecosystem with focus on made-in-Vietnam social media instead of foreign owned players such as Facebook and Google.

 VietNamNet Bridge - Art lovers in Hanoi have the opportunity to admire paintings and installation works of the leading visual artist in Vietnam--Nguyen Manh Hung, in the exhibition titled "One Planet."

 VietNamNet Bridge – ‘One Planet’ featuring new works by Nguyen Manh Hung on Thursday opened at Galerie Quynh in District 1.