Sept. 24 – Software piracy in Vietnam is costing the country losses of US$275 million in jobs and tax revenues yearly, said The Business Software Alliance in a report.

The report cautioned local businesses from supporting software copyright infringement saying that the 7 percent decrease in piracy rate has raised job creation by 11 percent, increased sales for the local IT industry by 6 percent and even increased tax revenues by 9 percent.

According to Thanh Nien News, the report was written in coordination by the Vietnam Software Association, the Copyright Office of Vietnam and the Ministry Inspectorate of Culture, Sports and Tourism.