Monday, April 6 2020


Netflix looks to invest in Việt Nam

Update: August, 27/2019 - 21:36


Minister of Information and Communications Nguyễn Mạnh Hùng (right) hosts Netflix's Managing Director for Asia Pacific Kuek Yu-Chuang on Monday. — Photo cafeF

HÀ NỘI — Netflix wants to invest in Việt Nam and is committed to complying with Vietnamese laws and paying adequate taxes, Netflix's Managing Director for Asia Pacific Kuek Yu-Chuang has said.

Chuang delivered the statement during a meeting with the Minister of Information and Communications Nguyễn Mạnh Hùng in Hà Nội on Monday.

He also suggested a Memorandum of Understanding be inked between Netflix and the ministry on buying Vietnamese films to air on its network, co-operating in human resource training and exporting Vietnamese films to international markets.

According to Chuang, Netflix is ​​currently providing services in 190 countries and territories around the world.

Minister Nguyễn Mạnh Hùng said foreign enterprises which come to do business in Việt Nam have to fully comply with Vietnamese laws.

Besides broadcasting Vietnamese films, Hùng suggested Netflix work with local companies to produce films to meet the entertainment needs of Vietnamese audiences and subscribers in other markets who may watch Vietnamese content.

Việt Nam is striving to develop the local film industry into one of the most influential in Southeast Asia.

Focus will be given to innovative film creation, production, distribution, human resource development, technology transfer, investment, international co-operation and socialised film activities nationwide.

Under the strategy, 20 per cent of all films produced should be exported to other markets by 2020 and there should be a 15 per cent increase in the number of films produced in partnership with foreign partners.  VNS


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