Foreign players dominate Vietnam’s cinema market

 vietnamnet – Last update 10:00 | 01/03/2017

VietNamNet Bridge – Five leading businesses hold 98 percent of Vietnam’s film distribution market, with three of them foreign invested.

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The decision to liberalize the movie industry in 1995 opened up a new phase for cinemas in Vietnam. After decades of being controlled by state-owned enterprises, foreign cinema firms entered the market, especially those from South Korea, changing the face of the market.

The 2016 report of CJ CGV, which owns the CGV cinema chain, showed satisfactory business results in the last few years, since it took over Megastar and has developed into the biggest cinema chain in the country.

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