VND5 trillion investment in Vietnam’s film and cinemas announced

08:57 | 01/08/2024 Entertainment Follow Ven.vn on

A joint venture between Vietnamese and Japanese partners just announced a cooperation deal worth more than VND5 trillion to invest in the fields of film, entertainment and cinemas in Vietnam.

Beta Media (Vietnam) and Aeon Entertainment (Japan) officially announced the establishment of a joint venture in Vietnam. This venture will focus on developing and operating a chain of premium cinemas, investing in film production, and distributing Vietnamese, Japanese, and international films in the Vietnamese market. It is expected that more than VND5 trillion will be invested to build more than 50 premium cinemas complexes under the Aeon Beta Cinema brand by 2035.

The announcement of this joint venture is a significant milestone in the development of Vietnamese cinemas and the economic cooperation between Japan and Vietnam.

With a modern style harmonizing with the traditional values of Vietnam and Japan, Aeon Beta Cinemas will be present in provinces across Vietnam, offering audiences the best movie-watching experiences. The first Aeon Beta Cinema is expected to open in 2025.

The joint venture also aims to make a strong entry into film production and distribution. According to the agreement, film production and distribution projects will be carried out under the Aeon Beta brand, promising to deliver high-quality films rich in artistic and entertainment value to the audience.

Mr. Nobuyuki Fujiwara, Chairman of Aeon Entertainment, shared that Beta Media is the perfect partner due to their deep understanding of the Vietnamese market, superior marketing knowledge, and strong local network. "Cinema has the power to connect people and souls. We believe in that power and will continue to challenge ourselves to bring surprise and excitement to customers in Vietnam," affirmed Mr. Nobuyuki Fujiwara.

Echoing the partner's sentiment, Mr. Minh Bui, Chairman of Beta Group, emphasized: "This joint venture is the fruitful result of shared vision, aspirations, and core values to bring new experiences and sustainable values to the community. The combination of Aeon Entertainment, with their strong capabilities and extensive experience in the film industry, and Beta Media, with their local insights and innovative capabilities, will create groundbreaking development opportunities for both sides."

With the establishment of the joint venture between Aeon Entertainment and Beta Media, the cinema, film production, and distribution market will have an additional large-scale and high-class brand, contributing to enhancing the experience for cinemas enthusiasts.

Thi Lai

See more news

'Shrek the Musical' set to tour big cities

11:25 | 24/06/2024 Entertainment

Broadway-standard show Shrek the Musical will be performed in HCM City and Hà Nội in July and August.

Amanotes crowned Best Music Game Publisher at Sensor Tower APAC Awards 2023

11:51 | 01/03/2024 Entertainment

Amanotes, the renowned mobile game publisher, is the only Vietnamese representative to clinch the prestigious title of Best Music Game Publisher at the highly acclaimed Sensor Tower APAC Awards 2023.

Phong Dien - Can Tho eco-tourism festival slated for late September

09:30 | 22/09/2023 Entertainment

(VEN) - In response to the World Tourism Day in September, the 10th Phong Dien - Can Tho Ecotourism Festival will be held from September 25 - 28, 2023 in Phong Dien District, Can Tho City.

New features at 2023 Con Son - Kiep Bac Autumn Festival

16:07 | 21/09/2023 Entertainment

(VEN) - The Con Son - Kiep Bac Autumn Festival in 2023 will take place from September 24 to October 9 at the Con Son - Kiep Bac special national relic with many traditional rituals.

Art exchange brings ASEAN countries closer

11:01 | 02/09/2023 Entertainment

The Hanoi Union of Friendship Organisations (HAUFO) in coordination with embassies of ASEAN countries in the capital city organised an international art exchange programme to celebrate the 56th founding anniversary of the bloc (August 8) and the 78th anniversary of Vietnam’s National Day (September 2).

Series of attractive activities to be held at River Festival

14:41 | 03/08/2023 Entertainment

(VEN) - From August 4 to 6, 2023, the River Festival will be held in Ho Chi Minh City to promote the local land, people, cultural identity, tourism and food of the city.

Experience Fansipan in your own way

10:32 | 11/07/2023 Tourism

(VEN) - The package tour “Touching the clouds,” which includes staying at the Hotel de la Coupole – Mgallery, known as the palace in the clouds, tickets for mountain train and cable car and a journey to discover the beauty of the legendary Fansipan peak, is the ideal choice for tourists to Sapa on this occasion.

Phu Quoc, a new world’s leading destination

14:05 | 06/05/2023 Entertainment

(VEN) - As an ideal choice for travel and long-term relaxation, and with a rich natural environment and pleasant architecture, Phu Quoc Island in the Mekong Delta province of Kien Giang has become a new world's top destination. US magazine Travel+Leisure has listed Phu Quoc Island among the 25 best destinations to visit in 2023.

Festivals open nationwide on public holiday

10:00 | 02/05/2023 Entertainment

A series of festivals are being organised across the county on April 28, promising to bring lot of fun and cheers to tourists on the five-day public holiday from April 29 to May 3.

Village for Ethnic Culture and Tourism marks National Reunification Day

15:28 | 01/05/2023 Entertainment

(VEN) - From April 29 to May 3, various activities were held at the Vietnam National Village for Ethnic Culture and Tourism in Hanoi’s Son Tay District to commemorate the Hung Kings and mark National Reunification Day (April 30), and May Day (May 1).

Latest Most Read

Can Tho-Ca Mau expressway project must be completed by December 19: PM

21:49 | 20/04/2025 Society

The expressway, spanning over 110 km, connects Can Tho city with Hau Giang, Bac Lieu, Kien Giang, and Ca Mau provinces, complemented by 25.85 km of connecting routes.

PM applauds youth entrepreneurship at National Startup Day for Students

21:40 | 20/04/2025 Science - Technology

Since its inception seven years ago, Project 1665 has achieved significant milestones. All universities, academies, colleges, vocational schools, and 63 provincial/municipal Departments of Education and Training now have actionable plans to support student entrepreneurship.

Vietnam’s EV charging infrastructure key to green transition

15:30 | 20/04/2025 Economy

As the impacts of climate change and environmental pollution worsen, the Vietnamese Government is ramping up support for green transport, particularly electric vehicles (EVs). However, the rapid growth in EV adoption is outpacing the development of charging infrastructure.

Vietnam, China to deepen ties with strategic future vision

21:39 | 19/04/2025 Cooperation

Vietnam and China have agreed to elevate their comprehensive strategic cooperation to a more substantive and higher-quality level, according to Chinese Foreign Minister Wang Yi.

Ho Chi Minh City’s FDI rebound attracts high-tech giants

21:23 | 19/04/2025 Investment

Foreign direct investment (FDI) in Ho Chi Minh City has recently rebounded after a period of stagnation, with several major high-tech companies unveiling plans to invest in the southern hub, driven by the city's improved investment climate.

Urgent solutions for Vietnam’s durian export problem

18:09 | 07/04/2025 Trade

In Tien Giang Province, where durian is a key export, stakeholders are calling for urgent solutions to ensure the sector can adapt and remain competitive.

Flexible solutions needed to adapt to US new tariff policy: Official

18:39 | 07/04/2025 Economy

Hoai said the US's proposed reciprocal tariff of 46% on imports from Vietnam can have significant and multifaceted impacts on the Southeast Asian country’s exports and economic growth in the near future.

Foreign exchange rate to remain under control in wake of US tariff

18:52 | 07/04/2025 Economy

According to experts, to minimise exchange rate risks, the SBV should manage the rate flexibly, but not fix or anchor it because Vietnam's economy is deeply integrating towards it becoming a market economy, which requires flexibility.

Vietnam, Canada strengthen cooperation amidst global trade tensions

19:01 | 07/04/2025 Cooperation

Quebec leaders expressed their determination to bolster comprehensive cooperation with Vietnam as part of Canada's strategy to diversify markets and reduce its dependence on the US market.

Vietnam focuses on exporting high-value agricultural products to Northern European market

19:14 | 07/04/2025 Trade

According to the Vietnam Trade Office in Sweden, which is also in charge of Norway, Denmark, Iceland, and Latvia, in the context of the US imposing reciprocal tariffs on imports from many countries, Vietnam should expand its exploitation of the Northern European agricultural, forestry and fishery market.

Multimedia

Video Longform Infographic Photo

Proposed names for 34 provincial-level administrative units after mergers

16:42 | 16/04/2025 Infographic

On behalf of the Party Central Committee, on 12 April 2025, Party General Secretary To Lam signed and issued Resolution No. 60-NQ/TW of the 11th plenum of the 13th Party Central Committee. The Central Committee agreed on a policy to restructure provincial-level administrative units across the country, reducing the total to 34 units, comprising 28 provinces and 6 centrally governed cities.

Vietnam-China Comprehensive Strategic Cooperative Partnership

15:55 | 14/04/2025 Infographic

General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping is paying a State visit to Vietnam from April 14-15. This marks his fourth State visit to Vietnam as General Secretary and President of China, and his second visit within the same term. The visit coincides with the 75th anniversary of diplomatic relations between the two countries. It aims to strengthen the Vietnam-China Comprehensive Strategic Cooperative Partnership and elevate bilateral ties to a new height.

Vietnam's economy thrives in Q1 2025

16:45 | 12/04/2025 Infographic

In the first quarter of 2025, Vietnam’s economy showed signs of recovery, with several key indicators recording strong growth despite ongoing global uncertainties.

Infographic: Gold prices fluctuate following US retaliatory tariff announcement

21:45 | 04/04/2025 Infographic

On April 4, global gold prices fluctuated significantly, trading at 3,085 USD per ounce after US President Donald Trump announced new retaliatory tariffs on goods from different countries. In the domestic market, SJC gold bars and rings both saw a decline, trading at 101.3 million VND and 101.2 million VND per tael respectively.

Seven key missions of the National Data Association

20:07 | 30/03/2025 Infographic

The National Data Association has made its official debut and successfully held the 1st National Congress (2025-2030 term)in Hanoi recently.

Policy

14th National Party Congress’s draft documents more revolutionary, action-oriented, highly feasible: PM

16:31 | 16/04/2025 Policy

In the political repor, along with adding the learned lessons and forecasting the context and situation, it highlights the following viewpoints: ensuring development for stability, and stability for rapid and sustainable development of the country; promoting the comprehensive building and improvement of institutional frameworks for fast and sustainable development; addressing bottlenecks and obstacles in a timely and decisive manner; and unlocking all resources and mobilising all drivers of growth.

Party chief requires no disruptions to operations throughout restructuring process

16:12 | 14/04/2025 Policy

Party General Secretary To Lam noted that priority will be given to finalising guiding documents, amending the 2013 Constitution, and improving legal institutions and regulations to establish a robust legal framework for effective organisational apparatus streamlining.

District-level local governments to cease operations from July 1: draft law

16:53 | 13/04/2025 Policy

Vietnam's local government model will be restructured from a three-tier system to a two-tier one, with the district level eliminated.

Australian scholar praises Vietnam’s remarkable 50-year transformation

16:28 | 12/04/2025 Policy

Vietnam must always be able to evaluate its own strengths and weaknesses while pursuing a long-term strategic vision. The country can learn from other countries, but it must always pursue its national interests. This requires unity among the population, political stability, constant adaptability and critical innovation.

Industry & Trade

Hanoi to develop 254-million-USD industrial cluster

21:13 | 19/04/2025 Industry

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

Vietnam sets ambitious targets in revised national power development plan

18:56 | 17/04/2025 Industry

The Vietnamese government has officially revised the eighth national power development plan, setting bold targets for electricity production and renewable energy adoption through 2050.

Prime Minister urges COMAC to support Vietnam in developing aviation industry

17:12 | 14/04/2025 Industry

The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam.

Steel industry seeks solutions amid tariff "shock"

17:12 | 13/04/2025 Industry

In the midst of the United States’ tariff “storm”, Vietnamese steel has been excluded because it has been already subjected to a 25% tariff since 2018. Nevertheless, over-optimism is ill-advised, as other countries facing barriers to the US market may redirect their low-priced steel to Asia and Vietnam, creating significant pressure on domestic steel.

Investment

Ho Chi Minh City’s FDI rebound attracts high-tech giants

21:23 | 19/04/2025 Investment

Korean firms encouraged to invest more in Vietnam’s energy sector

16:31 | 15/04/2025 Investment

The NA Vice Chairwoman praised KEPCO’s ongoing contributions to Vietnam’s energy landscape and encouraged the company to continue its role as a major investor, supporting the country’s technological advancement and energy development.

Public investment aimed to drive Vietnam’s economic growth

10:48 | 15/04/2025 Investment

(VEN) - Vietnam’s public investment disbursement in Q1/2025 showed positive signs, yet achieving the 95-percent disbursement target for the year remains a challenge.

Hue calls for investment in the Chan May – Lang Co Economic Zone

23:36 | 11/04/2025 Investment

The central city of Hue is calling for investment in many key projects within the Chan May – Lang Co Economic Zone for the period of 2025–2026, aiming to give a facelift to its important southern economic region.

Finance-Banking

National committee meets to accelerate ODA, concessional loan disbursement

14:43 | 15/04/2025 Finance-Banking

Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.

Vietnam accelerates rollout of 500 trillion VND credit package for infrastructure and technology firms

15:36 | 12/04/2025 Finance-Banking

The State Bank of Vietnam (SBV) held a meeting in Hanoi on April 10 to implement the Government’s directive on lending to businesses investing in infrastructure and digital technology.

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Hong Kong (China) is stepping up its role as a vital financial conduit between Vietnam and China, leveraging its global financial hub status to deepen cross-border cooperation, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.

Over 29 trillion VND in tax refunds issued

15:30 | 07/04/2025 Finance-Banking

According to the Ministry of Finance, the Tax Department issued 3,705 tax refund decisions in the first quarter of 2025, totalling 29.23 trillion VND (1.13 billion USD). This represents a slight increase, reaching 108% compared to the same period in 2024.

Environment

Vietnam's carbon market: Prudent approach to avoid costly outcomes

08:53 | 18/04/2025 Environment

According to experts, to ensure a harmonious balance between greenhouse gas (GHG) emissions reduction and economic development, it is essential to explore and assess different scenarios of design and governance options for Viet Nam’s carbon market.

Moc Chau Milk centers on green development and growth

16:06 | 17/04/2025 Environment

(VEN) - The Moc Chau high-tech dairy processing plant operates with a closed-loop production system, comprehensively integrating Industry 4.0 technologies in management and operations. This approach meets international standards, which helps protect the environment, conserves resources, and ensures sustainable development criteria.

Extra efforts requested to address forest fire consequences in Quang Ninh

16:56 | 16/04/2025 Environment

From the night of April 12 to the morning of April 13, two forest fires occurred in Ha Long city's Dai Yen ward, and Binh Lieu district's Binh Lieu town, damaging over 40 hectares of forests.

Hanoi to host major green growth summit this month

16:44 | 11/04/2025 Environment

Vietnam's hosting the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit reflects its push to meet climate commitments, slash emissions, and shift its growth model with global support.

Science - Technology

PM applauds youth entrepreneurship at National Startup Day for Students

21:40 | 20/04/2025 Science - Technology

Nuclear energy development to facilitate green transition: Conference

22:10 | 18/04/2025 Science - Technology

Deputy Prime Minister Nguyen Chi Dung emphasised that developing atomic energy, including nuclear power, is essential to achieving double-digit economic growth and supporting Vietnam’s green and digital transitions.

HCM City seeks stronger hi-tech cooperation with US, Japan, RoK

16:47 | 15/04/2025 Science - Technology

At the meeting, Director of HCMC C4IR Le Truong Duy shared the city’s vision to establish a world-class public-private technology exchange platform. This hub will serve as a gateway for cutting-edge technologies from the US, Japan, and the Republic of Korea to enter Vietnam, enabling collaborative innovation and creating valuable tech products for the global market.

Da Nang, RoK to train next generation of Vietnamese software experts

13:24 | 11/04/2025 Science - Technology

The collaboration between Vietnam – Korea University of Information and Communication Technology (VKU) and the Korea SMEs and Startups Agency (KOSME) leverages the robust infrastructure and networks of both sides to advance software talent development in Vietnam.

Society

Can Tho-Ca Mau expressway project must be completed by December 19: PM

21:49 | 20/04/2025 Society

The expressway, spanning over 110 km, connects Can Tho city with Hau Giang, Bac Lieu, Kien Giang, and Ca Mau provinces, complemented by 25.85 km of connecting routes.

HCM City makes strides in sustainable poverty reduction

16:49 | 13/04/2025 Society

HCM City reduced the number of poor and near-poor households by 69,914, or 2.7% of the total households during 2021-2025 period, said Nguyen Thi Hong Ha, Chief of the Office of the city’s Steering Committee for Sustainable Poverty Reduction.

Binh Dinh ramps up fight against IUU fishing

22:01 | 10/04/2025 Society

The provincial border posts and checkpoints are requested to strictly inspect 100% of vessels entering and exiting stations, prohibiting those without the necessary qualifications from departing.

Soc Trang province intensifies efforts to clamp down on illegal fishing

17:34 | 09/04/2025 Society

Since 2023, no vessel exceeding 24 metres has disconnected its tracking systems for more than six hours, and no vessel has lost connections for more than ten days. Particularly, no local vessels have been caught fishing illegally in foreign waters.

Vietnamese Brands

Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

22:18 | 10/04/2025 Vietnamese Brands

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.

Vietnamese enterprises float products at world's largest startup fair in India

21:59 | 05/04/2025 Vietnamese Brands

Startup Mahakumbh 2025 is expected to help Vietnamese firms learn startup and digital transformation initatives from India and other countries, access innovation experiences of leading global enterprises, and introduce their startup products to the world.

Philosophy 3C and story of smart consumption

09:15 | 22/03/2025 Vietnamese Brands

(VEN) - Pharmacist Nguyen Xuan Hoang - Chairman of International Medical Consultants Co., Ltd. - IMC shared, “In modern society, in order for a product to reach consumers, aside from quality and technology, attention must also be paid to the story behind the product and the smart consumption habits of consumers.”

Vietnamese rice exporters urged to boost global competitiveness

16:48 | 10/03/2025 Vietnamese Brands

Vietnamese and Thai 5% broken rice have seen declines of 38-45%, with Vietnam’s prices falling from 680-700 USD per tonne to 390-400 USD per tonne, an unprecedented decrease.

Culture

Vietnamese cultural values introduced to international friends in Mexico

20:55 | 30/03/2025 Culture

Diverse and distinctive cultural values of Vietnam are promoted at the "Vietnam Culture Day" event held from March 29-30 in Mexico City, attracting representatives from diplomatic corps and local authorities, international friends, and local residents.

Hung Kings’ Festival 2025: a grand celebration of culture and heritage

15:21 | 30/03/2025 Culture

According to the organising committee, these two major events will feature various unique activities that embody the heroic spirit of the Hung Kings era while maintaining a connection to contemporary society.

Vietnam works to seek UNESCO status for Binh Dinh martial arts

18:00 | 29/03/2025 Culture

Deputy Prime Minister Mai Van Chinh has approved the submission of a proposal to the UNESCO for the inclusion of "Binh Dinh Traditional Martial Arts" in the Representative List of the Intangible Cultural Heritage of Humanity.

Nghe An to host ASEAN exhibition this May

16:47 | 24/03/2025 Culture

The beauty of ASEAN’s people and landscapes will be on show from May 10 to May 20 at an exhibition held in Nghe An province.

Tourism

Highland products, soul of Son La’s community-based tourism

09:34 | 17/04/2025 Tourism

(VEN) - Son La Province – a majestic land in the Northwestern highlands of Vietnam – captivates visitors not only with its pristine natural beauty, but also with its distinctive local specialties. However, amid the flourishing wave of community-based tourism, there are still gaps in integrating highland products as essential parts of the tourist journey.

Vietnam’s scenic landscapes attract Hollywood filmmakers

15:15 | 30/03/2025 Tourism

With its breathtaking landscapes, filmmaker-friendly policies, and a clear strategy for industry growth, Vietnam is poised to become a major hub for film tourism.

Positioning unique tourism products to enhance attractiveness of Vietnamese cities

17:56 | 29/03/2025 Tourism

The meeting provided a valuable opportunity for Vietnamese members to share experience and best practices in tourism management while enhancing collaboration with international counterparts. By hosting this prestigious event, Hanoi reaffirmed its proactive role in driving connectivity and sustainable tourism growth.

Hue gears up for new tourism opportunities

09:02 | 27/03/2025 Tourism

(VEN) - The National Tourism Year – Hue 2025 has officially commenced, bringing new growth expectations for Vietnam’s tourism industry as well as Hue City.

VND5 trillion investment in Vietnam’s film and cinemas announced

See also

See more news

Multimedia