Game industry value expected to hit $1bln within 5 years

Vietnam’s game industry is expected to earn revenue of $1 billion within the next five years, up from the current $600 million, according to the Director of the Authority of Broadcasting, Television and Electronic Information Le Quang Tu Do.

Speaking at the Vietnam Game forum in Ho Chi Minh City on April 1, he said the number of game distributors is predicted to increase to 100-150 and an additional 400 startups in the industry will also be developed, contributing to Vietnam’s digital economy.

The forum was held to provide a venue for game producers and distributors to introduce games and to open up opportunities for domestic and foreign game enterprises and investors to connect.

Vietnam currently has 28.4 million game players with 200 producers and distributors.