Facebook cannot collect $ 600 million per year without complying with Vietnamese law

Referring to the field of communication, Minister Hung affirmed that the Party Secretariat, the Prime Minister and the Head of the Central Propaganda Department all had directives on making healthy cyberspace.

“We have achieved very high consensus on repetition of cyber order. The society is changing from the real world to the virtual world, while the law catches pace slower, “the minister said.

According to the Minister, in the real world there is a legal system to keep the faces stable, but on the cyberspace has not fully implemented this should exist a lot of risks. Being aware of this, the Ministry of Information and Communications (MIC) ‘s agencies are making strong moves.

Comments on the management of cross-border content businesses have been difficult, but Minister Hung said after the government issued a number of legal documents, there were positive results.

Take the example of Facebook, the Minister said that if the rate of “listening” of this social network was not high in the past, it is now up to 80%.

“It is impossible for a business to do business here, collecting USD 600 million each year – equivalent to VND 13,000 billion without complying with the law” Minister Nguyen Manh Hung emphasized.

Earlier in the working session with IT enterprises in Ho Chi Minh City on July 15, Minister Nguyen Manh Hung also encouraged Vietnamese businesses to build a new social network and search engine.

According to Minister Nguyen Manh Hung, billions of users have put the value of the company owning a social network to 500-600 billion USD, but the beneficiaries are not users but a person, and users cannot Create your own rules of the game that are subject to one’s rules.

The minister brought back the photo in which everyone wore virtual reality glasses sitting in the room, while only Mark Zuckerberg (CEO Facebook) didn’t wear glasses. That is the only one who sees real life. And others are looking at what that person creates.