The above sharing was given by Mr. Le Quang Tu Do, Director of the Department of Radio, Television and Electronic Information (Ministry of Information and Communications) at the Vietnam Game 2024 forum, within the framework of the Vietnam Game Festival - Vietnam GameVerse 2024, held from May 11-12, in Ho Chi Minh City.

To achieve billion-dollar revenue, the Vietnamese gaming industry needs cooperation. Photo: Le My

According to Mr. Le Quang Tu Do, in order for the Vietnamese gaming industry to achieve a revenue of 1 billion USD by 2030, it is necessary to build a good foundation, the first of which is the issue of training. In 2023, the Ministry of Information and Communications coordinated with units to deploy training in the gaming industry in two directions. The first direction is to coordinate with the Vietnam Academy of Posts and Telecommunications to provide formal university training in gaming; The second direction is to cooperate with VTC Corporation to train programs for professionals. The second is the story of new policies for games, when previously many people viewed games as an industry that needed to be restricted and subject to special consumption tax to limit development. However, this is an incorrect view. Mr. Le Quang Tu Do said that over the past year, the Ministry of Information and Communications, together with businesses in the Vietnam Gaming Alliance, convinced the Government not to include the provision of special consumption tax on games in the revised Tax Law. At the same time, it is pointed out that this is an industry that needs to be encouraged, nurtured and needs incentives to develop. The Government has not only removed the game industry from the special consumption tax but also assigned the Ministry of Information and Communications to develop a game industry development strategy to enjoy tax incentives. The third foundation for developing the game industry is to connect with foreign businesses and investors. In the past, policymakers have convinced partners such as Google, Meta... to come to the Vietnam GameVerse event to see the development. Finally, the Ministry of Information and Communications also coordinated with units to launch communication campaigns to break down social prejudices about the game industry. This is not an addiction but an industry that generates income, revenue, and brings foreign currency to the country. In addition, the Ministry also has effective solutions to limit the negative aspects of games. According to the Director of the Department of Radio, Television and Electronic Information, the journey of Vietnamese games is at its beginning but has passed the difficult period. This is an opportunity to accelerate. "Last year, we dreamed of the Vietnamese gaming industry reaching a billion USD. This year, we need to join hands to make that dream come true," said Mr. Le Quang Tu Do.

The goal of Vietnamese gaming businesses is to provide good products to serve a large number of gamers. Photo: Le My

Ms. Emily Nguyen, Business Director of Google Ads, Gaming and Apps in the Vietnamese market, also assessed that Vietnam has many competitive advantages in the world game market. Accordingly, the game industry has clearly changed from the direction of the Government to the absorption of agencies and units. This is what helps the game industry make great changes. Google's representative cited figures such as Vietnam being in the top 5 of game downloads worldwide, being the country with the highest number of game programmers with 35,000 developers, approximately equal to China. The game programming team in Vietnam is young, has high technical ability, and is highly qualified in subjects such as mathematical analysis, programming, etc. Another advantage is that the price to release a game is not too high, labor costs help create competition. Besides, Vietnamese game companies have the ability to grasp trends well, launching games according to market demand. For example, during the Covid-19 period, units continuously released many game lines to meet home entertainment needs, helping to increase the number of downloads of Vietnamese games globally.

To build a successful gaming ecosystem, businesses need to receive a lot of support. Photo: Le My

According to Ms. Emily Nguyen, to build a successful game ecosystem, Google believes that many factors are needed such as the State, attracting talent, and capital. Of which, the most important is the support of the State. In many countries such as Finland, Türkiye, and China, the government provides a lot of support to develop the game industry. In Turkey, the market value is 1.8 billion USD, developers receive tax breaks; Startup studios are exempt from taxes, receive 60% support for investment capital in production tools, and access to technical analysis technologies... In Vietnam, the game industry is currently receiving attention and support from the Government. Mr. La Xuan Thang, Director of online game publishing VNG Games, said that the Vietnamese game industry has a fast growth rate, as shown by the figures that Google has shared. But it must be admitted that the product life cycle is relatively short and there are no world-class products.

Gaming is an industry that needs to be supported, nurtured and given incentives to develop. Photo: Le My

However, this is understandable, the Vietnamese gaming industry cannot suddenly have large companies like Riot or Tencent, but needs a step-by-step development process. For example, Vietnam GameVerse is also a step to build a foundation for the industry. Vietnamese gaming businesses need to do better to be able to participate strongly in the global value chain, export and supply of games. The important issue to develop the gaming industry comes from the vision of the leaders of the organizations. To be successful, units in the gaming industry need to have products that are recognized by the community. Mr. La Xuan Thang believes that money is not the first factor to develop the gaming industry, but the achievements that the industry reaps when successful. Units in the industry are all eager to find good products to accompany and serve the Vietnamese people; the immediate goal is to make money, but the greater aspiration is to be recognized on a global scale.

The game needs to satisfy players first, the next goal is to reach out globally. Photo: Le My

According to Mr. Nguyen Ngoc Bao, General Director of VTC Multimedia Corporation, Vietnamese game production studios currently have many opportunities to develop. They have the support of the Government, but this is also a pressure, when recognized, it requires game makers to do better. The solution proposed by Mr. Nguyen Ngoc Bao is that studios need to have connections to practice together. From practical experiences, lessons can be drawn. This lesson is the foundation to support training facilities to lay the foundation for the game industry. Mr. Nguyen Ngoc Bao believes that the Ministry of Information and Communications will lead the game industry to become increasingly healthy. That is the biggest orientation this year and the premise for Vietnamese games to set a billion-dollar target in the future.

Vietnamnet.vn

Source: https://vietnamnet.vn/cung-chung-tay-de-dua-nganh-game-viet-den-hanh-trinh-ty-usd-2279806.html