With VNG’s playing card simulation games forced to stop operation, card games no longer exist in the Vietnamese game market.

Vietnamese game firms have called on the Ministry of Finance (MOF) to rethink the intention to impose luxury tax on games, saying that the tax will cause Vietnamese games to lose competitiveness and the home market controlled by pirated games.

Vietnam GameVerse 2023, the first of its kind for game lovers, kicked off in Ho Chi Minh City on April 1.

The attractive incentives offered by Singapore and barriers in Vietnam have caused many Vietnamese firms to register their businesses in Singapore.

The shortage of coders, which is at a red alert stage, could hinder the development of Vietnamese game production firms.

Nguyen Thanh Trung, CEO of Axie Infinity, said some of Vietnam’s startups want to set up headquarters in Singapore instead of Vietnam because it’s easier to call for investment there.

CEO Nguyen Thanh Trung said that he is not a dollar millionaire, explaining that the market capitalization of AXS tokens is different from the capitalization of Sky Mavis.

Along with the development of the game market and digital entertainment platform, eSports has potential for development in a diverse and highly globalized ecosystem.

Startup Sky Mavis with the game Axie Infinity has surprised the Vietnamese startup community when it reached a huge total market capitalization - US$2.4 billion - after three years since its release, a record time in the Asian technology world.

Six major companies have agreed to join the Alliance of Vietnamese Game Producers and Distributors, which is expected to be established in 2021.

To create a level playing field and help Vietnamese develop games reach the world market, it is necessary to have more reasonable policies, experts say.

The Cau Giay district taxation agency in Hanoi has reported that a 28-year old woman earned revenue of VND330 billion, or $14 million, in 2020 and paid personal income tax of VND23.4 billion.

Many industries have been promoted in the digital era and during the Covid-19 crisis. However, Vietnam’s game industry is still outside the game.

It is estimated that licensed games bring revenue of $325 million to game firms and distributors.

The shift from PC games to mobile games has made it more difficult for management agencies to control online games.

Preventing unlicensed games from crossing the border to Vietnamese gamers has been an ongoing headache for management agencies.

Although they are very young, the following people have affirmed their high positions and names in the fields of eSports.

Esports has become a high-income sport for young people with passion and knowledge for online games.

With stable incomes during the Covid-19 pandemic and large fanbases, streaming is a job pursued by many young people, but only a few are hugely successful at this moment. .