CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment
Netflix pledges to respect Vietnamese law and tax policy
Ha An 18:05, 2019/08/27
Netflix is one of the largest media service providers in the world with around 151 million registered accounts from 190 nations and territories.
Netflix, a US media-services provider, extremely wants to invest more in Vietnam market, commits to abide by the country’s regulations and pay tax, stressed Netflix's Managing Director for Asia Pacific Kuek Yu-Chuang in a meeting with Vietnamese Minister of Information and Communications Nguyen Manh Hung.
 
Illustrative photo by Daily Express.
Illustrative photo by Daily Express.
According to Kuek, Netflix distributes movies and TV series (mainly US productions) and television programs (TV shows) with purely entertaining contents, with no advertisement or content created by users.
 
He also proposed signing a memorandum of understanding (MoU) between Netflix and the Ministry of Information and Communications on buying Vietnamese films to broadcast on the network, co-operating in manpower training and exporting Vietnamese movies.
 
Kuek also emphasized that Netflix wants to develop contents in Vietnamese and make publicity of Vietnamese motion pictures to show the world that Vietnamese movies are as good as any other country’s productions.
 
At the meeting, Minister Nguyen Manh Hung stressed that when it comes to doing business in Vietnam, foreign enterprises are compelled to abide by the country’s law.
 
Besides distributing Vietnamese films, Hung suggested Netflix to work with local movie makers to create more motion pictures, which may respond to the Vietnamese audiences entertaining demand as well as that of Netflix subscribers worldwide.

Netflix is one of the largest media service providers in the world with around 151 million registered accounts from 190 nations and territories. Netflix service is available at almost the whole Asia Pacific region, including Vietnam since 2016. 
Comments
Other news
16:33, 2025/01/08
US Berggruen Holdings to help Vietnam set up investment funds
Vietnam's growing political and global supply chain prominence solidifies its position as a dynamic nation.
21:25, 2025/01/02
Vietnam offers 50% subsidy for initial investment costs in AI and semiconductors
Support measures include training and manpower development costs, R&D expenses, fixed asset investment, high-tech product manufacturing costs, and infrastructure development expenses.
21:21, 2024/12/30
Vietnam releases Esports White Book 2022-2023
The growth of Vietnam's esports market is highlighted in the Vietnam Esports White Book 2022-2023, which outlines global trends.
21:24, 2024/12/21
Hanoi seeks to attract high-tech projects to industrial parks
Hanoi is pushing ahead with land clearance and infrastructure construction while urging approved projects to speed up capital disbursement.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
15:12, 2024/11/14
North-South high-speed railway to open up new economic opportunities
The government proposes a design speed of 350 km/h for the railway to ensure a modern, integrated, and forward-looking infrastructure appropriate to Vietnam’s geographical and economic conditions.