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TikTok invests $5B in Vietnam, plans to establish local entity to boost data management
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TikTok invests $5B in Vietnam, plans to establish local entity to boost data management
TikTok has invested nearly $5 billion in Vietnam over seven years of operation and plans to establish a domestic legal entity in the country. Nguyen Lam Thanh, Director of TikTok Vietnam, disclosed the plans during a working session on Wednesday with Vietnamese Deputy Minister of Finance Cao Anh Tuan. The establishment of the local entity aims to enhance data management, simplify procedures of information submission, and improve collaboration wi…
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