The total turnover of Vietnam’s internet economy is scheduled to soarto 100 trillion VND (roughly 4.72 billion USD) by 2018 from 20.4trillion VND in 2013, according to an article published on the Englishlanguage news portal VietNamNet Bridge.
A recent survey by WorldStartup Report on the world’s internet companies showed that Vietnamranks 30th among 50 surveyed countries in terms of business scale.
Ofthe three big internet firms, VNG was valued at one billion USD. Theother two are VC Corp, valued at 125 million USD, while Vat Gia Viet NamJSC, which runs vatgia.com website, is valued at 75 million USD.
The Vietnamese companies have obtained high value just after eight to 10 years of operation.
LeHong Minh, CEO of VNG, was quoted as saying that internet service hasbeen one of the fastest growing industries over the last 10 years.
In2004, the total revenue from internet-based services was modest at 70billion VND. Meanwhile, the figure jumped to 2.6 trillion VND by 2009and to 20.4 trillion VND by 2013, which came from online games,e-commerce, internet content services and online ads.
Alsoaccording to Minh, the turnover from online ads soared from 20 billionVND in 2004 to 300 billion VND in 2009 and then to 2.2 trillion VND in2013, the year when the online ad revenue for the first time was higherthan the revenue from print paper ads.
VNG predicted that thetotal turnover of the internet-based content services would reach 100trillion VND by 2018. The online ad turnover is believed to increase byfour times by 2018 in comparison with 2013 to 8 trillion VND, while theturnover from online games by two folds to 12 trillion VND.
Vietnamis believed to witness an e-commerce boom by 2018 with turnoverreaching 60 trillion VND, while content services on mobile devices mayincrease from 8 trillion VND 2013 to 20 trillion VND.
In 2013, VNG reportedly got the revenue of 2.1 trillion VND, while it strives to earn 2.365 trillion VND in 2014.
Accordingto the internet company, about 30-50 million customers use thecompany’s services a day. Zalo, an app that allows to send messages andmake calls free of charge, has attracted 11-12 million users.
VNGalso has Zing MP3, an app for listening to music; news.zing.vn, anelectronic information portal; Zing Me, a social network; and Zing Chat,an app for online chatting and many online games.
VNG, which isnow valued at 1 billion USD and employs 2,000 workers, was founded in2004 by five men with a passion for games who wanted to develop aleading online game company.
VC Corp, according to thecorporation’s CEO Vuong Vu Thang, has the data processing scaleequivalent to that of Yahoo with 30 billion ad views per month.
VCCorp has created 40 products in many different fields. E-commerce is agreat advantage of VC Corp, with a series of websites, includingRongbay.com, Enbac.com, Muare.vn, Muachung.vn, and Solo.vn, which haveover 10 million customers and trading volume accounting for 30percent of the market’s total transaction value.
Meanwhile, VatGia JSC has been focusing on developing e-commerce. Vatgia.com, anonline shopping web, reportedly has trading value of 3 trillion VND ayear, with one million members.-VNA
A recent survey by WorldStartup Report on the world’s internet companies showed that Vietnamranks 30th among 50 surveyed countries in terms of business scale.
Ofthe three big internet firms, VNG was valued at one billion USD. Theother two are VC Corp, valued at 125 million USD, while Vat Gia Viet NamJSC, which runs vatgia.com website, is valued at 75 million USD.
The Vietnamese companies have obtained high value just after eight to 10 years of operation.
LeHong Minh, CEO of VNG, was quoted as saying that internet service hasbeen one of the fastest growing industries over the last 10 years.
In2004, the total revenue from internet-based services was modest at 70billion VND. Meanwhile, the figure jumped to 2.6 trillion VND by 2009and to 20.4 trillion VND by 2013, which came from online games,e-commerce, internet content services and online ads.
Alsoaccording to Minh, the turnover from online ads soared from 20 billionVND in 2004 to 300 billion VND in 2009 and then to 2.2 trillion VND in2013, the year when the online ad revenue for the first time was higherthan the revenue from print paper ads.
VNG predicted that thetotal turnover of the internet-based content services would reach 100trillion VND by 2018. The online ad turnover is believed to increase byfour times by 2018 in comparison with 2013 to 8 trillion VND, while theturnover from online games by two folds to 12 trillion VND.
Vietnamis believed to witness an e-commerce boom by 2018 with turnoverreaching 60 trillion VND, while content services on mobile devices mayincrease from 8 trillion VND 2013 to 20 trillion VND.
In 2013, VNG reportedly got the revenue of 2.1 trillion VND, while it strives to earn 2.365 trillion VND in 2014.
Accordingto the internet company, about 30-50 million customers use thecompany’s services a day. Zalo, an app that allows to send messages andmake calls free of charge, has attracted 11-12 million users.
VNGalso has Zing MP3, an app for listening to music; news.zing.vn, anelectronic information portal; Zing Me, a social network; and Zing Chat,an app for online chatting and many online games.
VNG, which isnow valued at 1 billion USD and employs 2,000 workers, was founded in2004 by five men with a passion for games who wanted to develop aleading online game company.
VC Corp, according to thecorporation’s CEO Vuong Vu Thang, has the data processing scaleequivalent to that of Yahoo with 30 billion ad views per month.
VCCorp has created 40 products in many different fields. E-commerce is agreat advantage of VC Corp, with a series of websites, includingRongbay.com, Enbac.com, Muare.vn, Muachung.vn, and Solo.vn, which haveover 10 million customers and trading volume accounting for 30percent of the market’s total transaction value.
Meanwhile, VatGia JSC has been focusing on developing e-commerce. Vatgia.com, anonline shopping web, reportedly has trading value of 3 trillion VND ayear, with one million members.-VNA
