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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Friday, April 4, 2025

Cross-border TV service providers must get license in Vietnam

By Le Hoang

Must read

HCMC – Cross-border over-the-top (OTT) media service providers, such as Netflix, WeTV and iQiYi, must establish a legal entity in Vietnam to offer services to Vietnamese users, heard a seminar in HCMC on February 27.

The seminar was held by the Ministry of Information and Communications to give updates on regulations on foreign businesses offering paid streaming services in Vietnam.

According to Nguyen Ha Yen, deputy head of the Authority of Broadcasting and Electronic Information under the Ministry of Information and Communications, since Decree 71 came into force on January 1 this year, foreign streaming TV services providers such as Nexflix, WeTV and iQiYi must get licenses to operate in Vietnam.

Specifically, they are required to set up a legal entity via a joint venture with a local partner with a ratio of capital contribution determined by the Prime Minister during the approval process.

Failing to do so, these providers will be banned from the Vietnamese market.

The above regulation aims to create equal opportunities for local and foreign businesses in supplying paid TV services in the country, Yen noted.

There are now five cross-border OTT service providers in Vietnam, including two service providers from the U.S. and three from China.

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