Thursday, December 12 2019

VietNamNews

Netflix wants to produce in Việt Nam

Update: November, 26/2019 - 14:56
CEO of Netflix Reed Hastings and Minister, Chairman of the Office of the Government Mai Tiến Dũng met in Busan, South Korea on Monday. — Photo VGP

HÀ NỘI Netflix wants to produce content in Việt Nam, said CEO of Netflix Reed Hastings in a meeting with Minister, Chairman of the Office of the Government Mai Tiến Dũng in Busan, South Korea on Monday.

The Office of the Government reported that its chairman emphasised the need to build institutions and policies to attract foreign investment into Việt Nam.

He welcomed the co-operation of foreign partners in film production with the country, and hoped Netflix would build an official presence in Việt Nam.

Netflix was present in Singapore three years ago, then Tokyo (Japan), Mumbai (India), Seoul (South Korea) and the future would be in Việt Nam, said the Netflix CEO.

Việt Nam had a high rate of internet users, many of whom use online entertainment services, he added. Therefore, he also believed that Netflix would grow in the country.

Welcoming Netflix to invest in Việt Nam soon, Minister, Chairman of the Office of the Government Mai Tiến Dũng said that with a population of nearly 100 million and about 60 million internet users, the Vietnamese market had great potential for development.

Television service products, including online services, were in high demand in the country, he noted.

Dũng suggested Netflix produce films and shows in Việt Nam.

 

Netflix bought the copyright for Hai Phượng (Furie) starring Ngô Thanh Vân (Veronica Ngo) after its successful premiere in the US.

He also said that Việt Nam was currently continuing to complete institutions for businesses to increase investment in this area. Therefore, he wanted Netflix to exchange experience in this sector.

The Vietnamese Government always listened and cared about the problems of investors, he said.

Earlier in August, Netflix's managing director for Asia Pacific Kuek Yu-Chuang had a meeting with Minister of Information and Communications Nguyễn Mạnh Hùng.

Chuang said that Netflix wanted to invest in Việt Nam and was committed to complying with Vietnamese laws and paying adequate taxes.

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.

Netflix is one of the largest media service providers in the world with around 151 million registered accounts from 190 nations and territories. — VNS

 

 

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