According to the report of the Committee for National Defense and Security about the draft Law on network security, which was introduced in the meeting of the National Assembly on April 4, until now Google and Facebook have not had any official representative in Vietnam yet. As a result, regarding their online advertising activities, tax authorities can only collect tax from revenues earned by their Vietnamese partners / advertising agencies or direct service buyers which are based in Vietnam. Preliminary statistics show that in 2016, on behalf of Google, YouTube, and Facebook, domestic companies paid a tax amount of about VND46.86billion (approx. $2.05million), consisting of VND25.28billion ($1.1million) of value added tax and VND21.58billion ($946,138) of corporate income tax. In the first 9 months of 2017, on behalf of those companies, domestic companies also paid a tax amount of VND73.2billion ($3.2million), including VND39.08billion ($1.71million) value added tax and … [Read more...] about Tax payment of Google & Facebook in Vietnam considered not sufficient
Facebook users have low awareness about info security: experts
VietNamNet Bridge - Though Vietnamese users’ awareness about information security has improved, they remain vulnerable when using Facebook, according to BKAV Corporation’s vice president Ngo Tuan Anh. On March 17, 2018, the New York Times and the Guardian showed evidence to prove that Facebook allowed an analytics firm – Cambridge Analytica – to use personal data of 50 million Facebook users. 76 percent of IP cameras in Vietnam still use default accounts and passwords set by manufacturers, while 55 percent of users use one password for different accounts. In general these apps ask users to log in with Facebook accounts and allow access to personal information – name, age, sex, friends and other kinds of information. RELATED NEWS BKAV launches Vietnam's first high-end smartphone Bkav launch of smartphone receives lukewarm reception Buu Dien … [Read more...] about Facebook users have low awareness about info security: experts
Facebook CEO says no plans to extend all of European privacy law globally
Facebook Inc Chief Executive Mark Zuckerberg said on Tuesday the social network had no immediate plans to apply a strict new European Union law on data privacy in its entirety to the rest of the world, as the company reels from a scandal over its handling of personal information of millions of its users. Zuckerberg told Reuters in a phone interview that Facebook already complies with many parts of the law ahead of its implementation in May. He said the company wanted to extend privacy guarantees worldwide in spirit, but would make exceptions, which he declined to describe. “We’re still nailing down details on this, but it should directionally be, in spirit, the whole thing,” said Zuckerberg. He did not elaborate. His comments signal that U.S. Facebook users, many of them still angry over the company’s admission that political consultancy Cambridge Analytica got hold of Facebook data on 50 million members, may soon find themselves in a worse position than … [Read more...] about Facebook CEO says no plans to extend all of European privacy law globally
Facebook needs ‘a few years’ to fix problems: Zuckerberg
Facebook will likely need "a few years" to fix the problems uncovered by the revelations on the hijacking of private user data, chief executive Mark Zuckerberg said in an interview released on Monday (Apr 2). Facebook CEO Mark Zuckerberg says it will likely take several years to fix problems at the social network uncovered by the recent data scandal. (Photo: AFP/Josh Edelson) Speaking to the news site Vox, Zuckerberg defended the company's business model and shot back at criticism of the social networking giant from Apple CEO Tim Cooklast week. Zuckerberg maintained that one of Facebook's problems was that it was "idealistic," focusing on the positive aspects of connecting people and that "we didn't spend enough time investing in, or thinking through, some of the downside uses of the tools." "I think now people are appropriately focused on some of the risks and downsides as well," he said. "I think we will dig through this hole, but it will take a few years. I wish I could … [Read more...] about Facebook needs ‘a few years’ to fix problems: Zuckerberg
E commerce platforms line up to fill Facebook’s boots
Online businesses may turn to other platforms to do business after Facebook blocked API, affecting many Vietnamese retailers using it as a trading platform. Facebook's blocking of API has forced online businesses to consider alternatives Facebook remains a large business channel for many Vietnamese young people. According to newswire Bloomberg, Joe Nguyen, senior vice president of ComScore (the world’s leading measurement system), said that a large number of Vietnamese people love using social networks for doing business, with the highest proportion in the world. This is one of the main reasons why Facebook is focusing on Vietnam. Speaking at the APEC CEO Summit 2017, Facebook’s chief operating officer (COO) Sheryl Sandberg said that 74 per cent of the Asia-Pacific’s small- and medium-enterprises use Facebook to increase sales and 70 per cent of small enterprises use Facebook to find new employees for their companies. These rates have become more reality … [Read more...] about E commerce platforms line up to fill Facebook’s boots