Domestic digital content firms ask for fairer policies

by P.V18 August 2017 Last updated at 03:35 AM

VTV.vn - Local digital content firms are claiming they are being treated unfairly compared to their foreign peers.

Several Vietnamese companies saying they face many regulations while firms like Google, Facebook and YouTube don't pay taxes and are unhindered by regulations and policies. According to experts, there are restrictions on domestic digital content development, as the Government has imposed tight regulations on the sector, including having to be inspected by several management agencies. However, there are no agencies checking foreign company's information. In addition, Vietnamese online game producers have to complete many administrative procedures. Vietnamese companies have to follow regulations and could be punished for violations while the same is not applied to foreign firms. In addition, Vietnamese enterprises have to pay different types of taxes such as VAT, individual income tax and corporate income tax. Domestic digital content firms have asked that the same taxes be imposed on foreign firms.

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