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The Hanoitimes - Vietnam should follow the EU’s steps in applying law to better revenue sharing between social media platforms and all content creators including newspapers and magazines. Total digital advertising turnover in Vietnam would rise to US$630 million by the end of this year, and that of Facebook and Google would go up parallel, reaching a combined US$450 million, according to estimates by ANTS, an integrated programmatic advertising platform, and other sources. llustrative photo The two tech giants have increasingly gained revenue in Vietnam, sending the local press industry struggling. To make the picture clearer, the online advertising revenue in 2010 in Vietnam was only around US$10 million, of which Google’s and Facebook’s just made up a small amount. Now the combined revenue of those two largest cross-border platforms in 2018 astonishingly surged to US$387 million, swallowing the biggest portion of online advertising of US$550 million. In … [Read more...] about Facebook, Youtube eat up ads revenues in Vietnam, leaving local digital press in trouble

Sofitel Legend Metropole Hanoi (Source: Metropole) Hanoi – Sofitel Legend Metropole Hanoi has been awarded a five-star rating - the top level of recognition from Forbes Travel Guide in its independent assessment of luxury hotels, restaurants and spas. This is the second consecutive year Sofitel Legend Metropole Hanoi has had its name in the rankings. In Forbes Travel Guide’s review for 2021, Sofitel Legend Metropole Hanoi was praised as “a supremely beautiful hotel, inside and out”. Every corner is a compelling photo opportunity, especially in the gleaming historic wing and all-white inner courtyard, the review said. According to the review, Metropole Hanoi has a strong sense of pride in its Vietnamese heritage. Its staff dons an eye-catching array of ao dai costumes, walls glow with local art and ceramics, and detailed explanations of Vietnamese culture are sprinkled throughout the luxury hotel. Situated at 15 Ngo Quyen street in Hanoi since its opening in 1901, Sofitel … [Read more...] about Metropole Hanoi gets five-star rating from Forbes Travel Guide again

The Hanoitimes - Vietnam has long requested foreign social media platforms to restrict content that it considers potentially toxic and harmful to its interests. Vietnam has advanced the fight against toxic content on the cyber space, with the quantity of violating content removed from Facebook and Google so far this year hitting a record high. Facebook users in Vietnam in January 2020. Source: NapoleonCat As of October 2020, Facebook removed 2,036 articles, up 500% from that in 2019, the Ministry of Information and Communications (MIC) said in a recent report sent to the National Assembly. Facebook has removed 286 accounts that falsify profiles of the country’s leaders and disseminate fake news that incites subversion of state power, causes hostile, and defames the leaders, according to the report. To give a hand to the fight against the Covid-19 pandemic, Facebook has removed 100% of fake news related to the global health crisis, including 11 accounts … [Read more...] about Vietnam hardens crackdown on toxic media content, with Facebook, Google concessions

The poster for the movie Gái Già Lắm Chiêu V – Những Cuộc Đời Vương Giả (Camellia Sisters - Living Like Royalty). Photo moveek.com HCM CITY — The fifth edition in a series of chick-flick movies will be released in cinemas nationwide next week, after being delayed due to the COVID-19 resurgence earlier this year. Gái Già Lắm Chiêu V – Những Cuộc Đời Vương Giả (Camellia Sisters - Living Like Royalty) will premiere on March 12, a month after the original date of February 12, the first lunar day of the Year of the Ox. With the pandemic controlled in much of Viet Nam , the producer MAR6 Pictures feels ready to release the movie in cinemas safely. “Changing the film release date was a difficult decision because it disturbed the original plan, but we want to keep the audience safe and decide to delay until the viewers can safely go to the theatre to enjoy the movie," said director Bảo Nhân. Gái Già Lắm Chiêu V – Những Cuộc Đời Vương Giả is the fifth … [Read more...] about Royal sisters movie gets release date after pandemic delay

The Hanoitimes - Foreign digital content providers in Vietnam have some payment options. Facebook and Google are likely required to pay tax in Vietnam after years of operations in the country without fulfilling their tax obligation as claimed by the Vietnamese government. Percentage of new digital consumers out of total service consumers in Southeast Asia countries. Source: Google, Temasek, Bain & Company The foreign digital content providers might make tax payment online via taxation department’s portal or through authorized agents following the Ministry of Finance’s Draft Circular, which is made available for public consultation. Under Vietnamese rules, foreign firms, which have no fixed business facilities in Vietnam but provide e-commerce services and digital-based business with local partner, are regarded as having residential offices in Vietnam. Accordingly, Facebook, Google, or Netflix are subject to the new regulation. With the new … [Read more...] about Facebook, Google to be required to pay tax in Vietnam