Breaking news - Vietnam - Broadcasting Market - First Time Investment of Foreign Investors Possible!

1. Breaking News - Vietnam - Broadcasting Market
- First time Investment of foreign investors possible !
Oliver Massmann
For your information, on 7 January 2015, the Prime Minister of Vietnam issued Decision 01
amending the “master plan on radio and television transmission and broadcasting through 2020”
(the “Master Plan”). Decision 01 officially came into effect as of 15 March 2015.
The biggest change that Decision 01 makes is involvement of enterprises of all economic sectors,
arguably including foreign invested enterprises, in the transmission and broadcasting market of
Vietnam. Before Decision 01, only State owned enterprises or enterprises where State has
majority ownership were given access to such markets.
As a matter of fact, VTV and its affiliates/subsidiaries hold a dominant role in the TV market.
The “group” is responsible for both content provision and transmission/broadcasting. When a
number of software/telecommunication giants such as (Viettel, the biggest telecomunication or
FPT, the largest telecommunications and software companies respectively) start their TV
business by taking advantages of their available infrastructure, VTV has sought to isolate them
by offering content to its affiliates and subsidiaries first. This results in a modest expansion of
newcomers like FPT and Viettel for the last two years.
The cause behind such change is, on one hand, the Government’s plan to separate the pay TV
transmission/broadcasting and content provision which fall inside the sphere of the Law on
Telecommunications and the Law on Media of Vietnam respectively. On the other hand, the
Government wishes to form major transmission/broadcasting companies of large scale which are
able to cover services nationwide.
We hope the above is useful for your consideration and will keep you updated of latest
developments in this sector from time to time.
Please do not hesitate to contact Oliver Massmann under omassmann@duanemorris.com if you have any
questions on the above. Oliver Massmann is the General Director of Duane Morris Vietnam LLC.
INTERESTED IN DOING BUSINESS IN VIETNAM? VISIT: www.vietnamlaws.xyz
THANK YOU VERY MUCH!