Ministry to help expand markets for Make-in-Vietnam games

The Authority of Broadcasting and Electronic Information (ABEI) under the Ministry of Information and Communications (MIC) will organize a conference on ‘Connecting and expanding market for Vietnam’s game industry – the new vision for Vietnam’s games’, one of the events promoting the development of the industry.

The conference was initiated by ABEI with the mission of developing the game industry and encouraging game studios to join the global race.

The event, themed ‘The new vision for Vietnam’s games’, aims to remove the problems that hinder the development of the industry, including community cognition, workforce and capital sources.

Vietnam has nearly 200 game producers and distributors. About 900 G1 games, and over 10,000 G2, G3 and G4 games are distributed in Vietnam.

Four types of games are classified by management agencies, G1, G2, G3 and G4 based on interactions among players and game servers.

Vietnam has many excellent game firms, studios and individuals, including one unicorn (a startup with the value of at least $1 billion). Many interesting game products have been distributed globally. 

One of the major purposes of the event is to help Vietnamese firms build high-quality staff and studios to export local games to the world market.

It will expose students and young people to Vietnam’s game industry, thus heightening awareness about enterprises’ operations.

ABEI also plans to connect and attract international investors, investment funds and related financial institutions, helping them learn about and invest  in the Vietnamese market. This will lay down a foundation for the development of the domestic game market.

According to ABEI director Le Quang Tu Do, Vietnam’s game industry has been increasingly cementing its position in the domestic and foreign markets.

Thai Thanh Liem, CEO of Topebox, said the succession of events aiming at developing Vietnam’s games is seen as an important move to pave the way for the game industry development.

“Many Vietnamese people keep prejudice about games. Once the community removes the final doubt about games, and once projects find necessary resources, Vietnam’s game industry will make a strong breakthrough in the time to come,” Liem said.