Vietnam to see development sector boom?

Vietnam to see development sector boom?
Michael French

By Michael French

October 9th 2007 at 8:10AM

Report says number of game studios will rise from 10 to 84 by 2010

A report on Vietnameses news site People's Daily Online predicts that the country's games industry is set to boom with a rise in revenues genereated by online gaming and rise in the number of games studios.

A paper from the Vietnam Software Association (Vinasa) reportedly says that the local online games services will generate revenues of US$50m in 2007, rising to US$83m by 2010.

At the same time the number of game studios making games for PC and mobile will rise from just 10 to 83 by 2010.

To encourage this growth, Vinasa wants to further develop the local industry, establishing game development groups, deals with foreign tech firms, instigate research into gaming and launch games programming contests.