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The revenue of VND4 billion collected from the Book Street Festival in HCMC on 2017 Tet days could be a boost for the publishing industry as it shows that Vietnamese still like reading printed books.
Amazon.com, one of the biggest book distribution chains in the US, released a report showing that the number of e-books sold exceeded the number of hardbacks.
The distributor said for every 100 hardcover books sold, it sold 143 e-books.
In Vietnam, with the increasingly high popularity of internet and smart devices, iPad and Kindle, digitalized books, and e-books have become more popular in the last 10 years. The images of students or office workers reading books and newspapers on smartphones can be seen everywhere.
Many bookstores in Hanoi and HCMC have become deserted. Many of them shut down as sales from books could not cover the retail premises rent and increased labor cost.