A blog dedicated to exploring artificial intelligence (AI) and other trending technologies in the 21st century has said Vietnam is consolidating its role in the development of electronic games worldwide.
Axie Infinity is one of Vietnamese successful online games. (Photo: axieinfinity.com)
Hanoi (VNS/VNA) – A blog dedicated to exploringartificial intelligence (AI) and other trending technologies in the 21stcentury has said Vietnam is consolidating its role🐟 in the development ofelectronic games worldwide.
Fagen Wasanni Technologies, also said the country is part of theSoutheast Asia region, one of the fastest-growing gaming markets worldwide,with a market size of 5 billion USD and 270 million gamers. Among them, themobile gaming sector is leading the growth trajectory due to its affordabilityand market penetration capabilities, as evaluated by the game-focused websitePocketgamer. In this developmental context, there are now many Vietnameseenterprises capable of producing and operating online games instead of relyingon imported products. Vietnam has risen to the 5th position in the list of top countriesfor game production worldwide, according to a report from data tracking companyDataAI & AppMagic. In the first quarter of this year, 4.2 billion app downloads fromgames were created by Vietnamese developers, which highlights the country’sgrowing position in the industry. Several Vietnamese app developers, including major names likeFalcon Global, ABI Global, Zego Global, and Rocket Studio, are among the top 50companies in e-game production. The applications developed by these companieswere downloaded more than 100,000 times in 2022. A recent assessment by Bloomberg also acknowledges Vietnam as apowerhouse in the gaming industry, being among the top five countries globallyin terms of mobile game production, based on download numbers in the first halfof 2023. Vietnam’s thriving talent pool and proximity to the culturallydiverse region are also reasons for this growth, as cited by Samuel Stevenin,the general manager of Virtuos, a game maker that entered the Vietnamese marketin 2011. He also highlights the cultural emphasis on developing mobileproducts in Vietnam and Southeast Asia as a whole, as well as the expertise andpassion of local talents in creating high-quality digital content andworld-class games. The explosive success of games like Axie Infinity and Flappy Bird are among many inspiringsuccess stories that have made a significant impact./.
The video game “Lac Viet phieu luu ky” (Lac Viet Adventures) was selected by the Ministry of Foreign Affairs as a promotional product on digital platforms at the Vietnam Days Abroad 2022 which will respectively take place in Austria, India, and the Republic of Korea in September, November and December this year.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.