Business & FinanceEconomy
24 February 2023, 4:04 pm. 1 minute
Reuters exclusively reported that U.S streaming giant Netflix Inc (NFLX.O) is preparing to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment. A local office would make Netflix the first major U.S tech firm with a direct presence in the fast-growing Southeast Asian country of 100 million, increasingly seen as too lucrative to ignore despite wariness over its stringent internet rules.
With the fastest growing middle class in Southeast Asia, Vietnam has become a key market for tech giants.
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Economy & PolicyTechnology
Countries: United StatesVietnam
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story