However, there are no statistics to show how much the game issuer has to pay to foreign partners. Today, in addition to royalty fees, mobile games released on online stores such as Play Store or App Store also bear an exorbitant 30% fee. That is why Vietnamese publishers have to find a way to 'circumvent the law' to popularize the form of loading on the website, through domestic payment intermediaries. … [Read more...] about Online game industry: VN still imports games after more than 15 years
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By Donald Lambert - Principal private sector development specialist Asian Development Bank As a result, many SOEs are no longer borrowing through the government, but they are still using debts sub-optimally. That is a big deal. SOEs accounted for 29 per cent of GDP as of 2016 and comprised seven out of Vietnam’s 10 largest corporations in 2018. They are dominant in infrastructure and other sectors that are key to improving Vietnam’s productivity. … [Read more...] about How to drive the economy by reforming state-owned debt
The U.S. Centers for Disease Control and Prevention (CDC) will open a regional office in Hanoi to increase its public health engagement in Southeast Asia, the U.S. Department of State (DOS) announced after an online ministerial meeting with the members of the Association of Southeast Asian Nations hosted by Vietnam on Thursday. … [Read more...] about US CDC to open Southeast Asian office in Hanoi: State Dept.
"SBV has cut the interest rate twice for the development of credit, decreased the ceiling on deposit and loan interest, contributing to supplying low-cost capital for credit institutions and borrowers," said Hung. "In the time coming, the SBV will continue concentrating on projecting and building suitable policies for growth and macroeconomic stability, developing a transparent and effective investment climate for all investors." … [Read more...] about Standard Chartered online forum highlights Vietnam as rising star in FDI
AMM 53 is one of the highlights of Vietnam’s ASEAN Chairmanship this year. The event consists of 20 meetings via video conference, joined by 27 delegations from four continents of different time zones. They include the 21st ASEAN 3 Foreign Ministers’ Meeting, the 10th East Asia Summit Foreign Ministers’ Meeting, and the 27th ASEAN Regional Forum./.VNA … [Read more...] about ASEAN 2020: 53rd ASEAN Foreign Ministers’ Meeting held online