Foreign participation in radio and tv broadcasting activities is only permitted in relation to paid TV and radio broadcasting, in which case the number of foreign channels on paid radio and television services shall not exceed 30% of the total number of operated channels. In addition, all broadcasting content must be edited and translated by a Vietnamese press agency licensed to edit foreign channels (see respective entry in the OECD FDIRRI database), and all advertisements (if any) must be produced in Vietnam and comply with Vietnamese Laws on advertising; the agency licensed to edit foreign channels shall be responsible for the content of advertisements.
"Article 17. Foreign channels broadcast on subscription services
 Foreign channels broadcasting on subscription services in Vietnam shall satisfy the following requirements:
1. The number of foreign channels broadcasting on subscription television in Vietnam shall not exceed 30% of the total number of channels.[...]
5. The broadcasting content of such channel must be edited and translated by an agency obtaining a License to Edit Foreign channels and such agency shall take responsible for the content of their translations and editing.
6. Add-on advertisements shall not include. Advertisements (if any) must be produced in Vietnam and comply with Vietnamese Laws on advertising; the agency licensed to edit foreign channels shall be responsible for the content of advertisements.
7. The foreign channel provider must set up their authorized agent in Vietnam that delivers financial obligations under Vietnamese Laws.
[...]
Article 19. Editing and translating foreign channels on subscription services
1. Every foreign channel broadcast on subscription services in Vietnam shall be edited and controlled to ensure the conformity of contents of such channel with Vietnamese Laws on the press and advertising, excluding live sport matches, opening and closing ceremonies of regional and international sport matches.
[...]
Article 20. Grant of Licenses to Edit Foreign channels broadcast via subscription services
1. Licenses to edit foreign channels (hereinafter referred to as "License") that are broadcast via subscription television shall be granted to each foreign channel in accordance with the planning on the nationwide development and management of the press.
2. Criteria for being granted Licenses:
a) Be news agencies obtaining Licenses for Operation in Broadcasting Industry;[...]" (Decree No. 06/2016/ND-CP of 18 January 2016 on the Management, Provision and Utilization of Radio and Television Services [google translation])
Decree No. 06/2016/ND-CP of 18 January 2016 on the Management, Provision and Utilization of Radio and Television Services [google translation]
[<a href="https://vanbanphapluat.co/decree-of-government-no-06-2016-nd-cp-management-provision-and-utilization-of-radio-television-services">Decree</a>]