HANOI (Reuters) – A new social network that has been incorporated into the already-crowded field, even in Vietnam, as the communist party, went to the U.S., tech giants Facebook and Google, and a new cybersecurity act.
As a user, open the Lotus, a Vietnam-to the new social media application in the Hanoi old quarter, Vietnam-September 17, 2019. REUTERS/Kham
The Lotus, a social network that allows users to create content and share it by e-mail messages to the site’s home page, received, had, 700 billion dong ($30.14 million) to the financing of a tech corporation-VCCorp, and had hoped to raise 500 billion dong, the company General Director Nguyen the Tan said at the launch ceremony.
“Lotus-born, so as not to compete with Facebook or any other social network,” Tan said late on Monday. “We will maintain our focus on the content and the content creation process.”
The Minister of information, Nguyen Manh Hung, who was present at the launch, has encouraged Vietnamese enterprises to create a viable domestic alternatives to foreign social media platforms, which will be more difficult for the authorities to check it out.
Last month, a Facebook-style app, which is Gapo, it also made its debut. Older home on social platforms, such as VietnamTa and Hahalolo have struggled to build a large user base.
Hung said he hoped that, eventually, the number of Vietnamese people, the use of internal social networks could be as high as the number of foreign consumers.
There were 58 million Facebook users and 62 million Google accounts in Vietnam in August, government data showed. There are no comparable figures for the domestic network.
In spite of the economic liberalization and the increasing openness of the social changes since the mid-1990s, the ruling Communist y maintains tight media censorship, and does not tolerate criticism.
Several activists and dissidents were arrested or jailed for posting online content deemed “anti-state”.
Vietnam has tightened internet regulations in the past few years, culminating in a cyber security act, which entered into force in January, with foreign companies such as Facebook to set up local offices and for the storage of data in the country.
Reporting Phuong Nguyen; Editing by Stephen Coates