Digital transformation in publishing: Opportunities & Challenges

As of now, the country has 24 publishing houses, up 26.3 percent compared to 2022. Many of these units are licensed to publish and distribute electronic books, with several based in HCMC. The staff of the Voiz FM audiobook app guides customers in experiencing audiobooks. “During the first half of 2024, book sales on TikTok reached VND600 billion. In comparison, the total revenue for the entire publishing industry in 2023 was nearly VND4 trillion. This highlights significant new opportunities for the publishing sector arising from the ongoing digital transformation,” stated Mr. Nguyen Nguyen, Director of the Authority of Publishing, Printing, and Distribution under the Ministry of Information and Communications, at a recent seminar on digital transformation in publishing held in Ho Chi Minh City. Growth drivers As of now, the country has 24 publishing houses, up 26.3 percent compared to 2022. Many of these units are licensed to publish and distribute electronic books, with several based in HCMC. Not only has the number of publishers increased, but revenue from electronic publications has also shown promising trends. According to data from the Authority of Publishing, Printing, and Distribution, the entire publishing industry produced 4,000 electronic publications in 2023, marking a […]

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