The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Vietnam seeks greater foothold in thriving Web3 gaming space

There is more Web3 gaming talent in Ho Chi Minh City than anywhere else in the world, says VP of gaming unicorn Sky Mavis

google-preferred-sourceAdd BT as a preferred source

Jamille Tran

Published Sun, May 14, 2023 · 12:00 PM
    • Sky Mavis has been on a hiring spree of home-grown talent of late as it seeks to expand its global headcount.
    • Sky Mavis has been on a hiring spree of home-grown talent of late as it seeks to expand its global headcount. PHOTO: SKY MAVIS

    [HO CHI MINH CITY] Vietnam’s young population and its high level of smartphone and Internet penetration have made the country a prime location for gaming studios and developers eager to tap the global Web3 gaming space.

    Vietnam is already attractive for many of the world’s major gaming companies as they seek to grow their distribution channels.

    Statistics from Vietnam’s information ministry showed that 85 per cent of registered multi-player games released locally are developed by foreign studios in countries such as Japan, South Korea, China and the US.

    CryptocurrenciesGamingVietnamAsean BusinessAseannon-fungible tokens (nft)Web3

    TRENDING NOW

    The Monetary Authority of Singapore said it is following up with the three Singapore entities to reinforce its expectations of conduct and compliance.

    Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    Nuclear power “is very much back in the conversation” in Asia, say industry observers.

    As India and China surge ahead with nuclear energy, all eyes on Asean’s next move

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More