vietnam's game industry

Update news vietnam's game industry

Gaming sector fears special tax

Vietnam is considering levying a special consumption tax on online video games, which has caused concern in the sector.

Gaming industry needs proper treatment: officials

The gaming industry makes great contributions to the digital and knowledge-based economy, so it is necessary to view it as a business field. Enterprises need to join forces to change the prejudices about the industry.

Billion-dollar gaming industry attainable

Vietnamese game publishers are striving to rise up the ranks of the global gaming industry by holding on to top talent and encouraging modern thinking from legislators and potential consumers.

VN game industry needs support to develop

Vietnam’s games have had achievements in the world market but a push is needed to develop further.

VN gaming industry new money-spinner

In Southeast Asia, Vietnam takes a large share of the pie with 54.6 million gamers, raking in $507 million in 2022.

University may offer gaming as a major

To develop human resources for the game industry, experts have suggested offering a major in games at the higher education level.

Game firms, economists oppose Finance Ministry plan to tax online games

Online games, together with sugary drinks, barley drinks, non-alcoholic beverages and electronic cigarettes, have been grouped by the Ministry of Finance (MOF) as items subject to a special consumption tax (luxury tax).

VN game developers stunned as Finance Ministry attempts to impose luxury tax

If Vietnam imposes a luxury tax on electronic games, this will deal a strong blow to the game industry, said VCCI’s (Vietnam Confederation of Commerce and Industry) head of Legal Department Dau Anh Tuan.

Many game studios pay tax in foreign countries where they set up headquarters

There are about 200 Vietnamese-owned game studios, but most of them are headquartered in Singapore and pay tax there.

If luxury tax is levied, Vietnam’s game industry will ‘die’

If a luxury tax is imposed on games, the games industry will no longer make a profit, and domestic firms will either fade away or be forced to seek business opportunities overseas.

Vietnam’s game industry hurt by pirated foreign games

Formerly witnessing a prosperous period, Vietnam’s game industry has been shrinking in recent years. The management cannot keep up pace with development, while domestic games are having to compete with pirated ones.

Pirated games flood the market as discounts are slashed on app stores

With app stores’ decisions to reduce discounts and support from payment service providers such as credit cards and e-wallets (MoMo), pirated games of international distributors, especially Chinese games, can easily enter Vietnam.

Serious business ahead for gaming

Gaming in Vietnam continues to be exceedingly popular, but developers are still in a weak position due to outdated regulations.

Ministry to help expand markets for Make-in-Vietnam games

The aim is to help Vietnam’s game industry rid itself of prejudice about its harm to people, and serve as a ‘touching point’ for game firms to reach out to the global market.