Domain Speculation, Causes And Solutions By Minh Ha Given the staggering growth of the Internet, disputes over domain names have been headaches for years but have yet to be thoroughly tackled by local users At the beginning of 2009, socbay.com of Naiscorp Information Technology Services Joint Stock Co., or Naiscorp, was attacked by hackers. The attack forced the search website to halt operation for only one day but a larger number of its customers turned to other suppliers. Because of this problem, Naiscorp was undervalued for the poor information confidential level, which has eroded its prestige. A representative of an enterprise trading in agro-products reported his company had received complaints from clients as its stolen international domain name had connected automatically with black websites. Declining to elaborate on specific loss figures, the representative only stated that his firm had changed all its domains into .vn for better management. Recently, Bkav Corporation has had … [Read more...] about Domain Speculation, Causes And Solutions
High priced domain names
VietNamNet Bridge – A bustling domain name market has been taking shape in Vietnam, where many people are getting rich quickly by trading domain names for sky high prices. However, experts have pointed out that it is not easy at all to earn money with domain names. Domain name: the war without end A lot of questions have been raised about this kind of business: What percent of trades are successful? How high are the prices of the domain names? Is it true that domain name speculators can earn large profits? Trading domain names … for fun Domain names are being offered for sale on many websites, which are called “the domain name markets”. If accessing online trading floors such as raovatdomain, tenmienthuonghieu, moigioitenmien, or shoptenmien, people may get surprised when seeing that a domain name may be priced at $200,000. The domains listed for sale for hundreds of thousands of dollars are advertised as “special commodities” because they … [Read more...] about Is it really profitable to speculate on domain names?
VietNamNet Bridge – Experts believe that Bkav’s deal would start a new tendency of Vietnamese enterprises spending big money to get back “.com” domain names. A lot of multi-billion dong affairs are expected to be inked in 2012. BKAV: 2.3billion dong for Bkav.com domain name inexpensive Nguyen Tu Quang, General Director BKAV, admitted on Buu dien that he felt ashamed when finding out that the domain name “bkav.com” was registered by a US company 3-4 years ago. Quang said that he began using Internet very soon, in 1997, before Internet “entered” Vietnam. However, at that time, Quang thought that domain name “.com” was “nonsense”, because the domain name was sold at just several dollars and the transaction could be carried out through Internet. Meanwhile, he believed that the “.vn” domain name is more “proper”, because users have to register with the Vietnam Internet Network Information … [Read more...] about Vietnamese big groups now want to get back domain names
VietNamNet Bridge – Nguyen Tu Quang, General Director of BKAV, a well known Vietnamese anti-virus solution provider, on January 4, announced that BKAV has successfully bought back the bkav.com domain name from a US Company at 2.3 billion dong. The information has immediately stirred up the public, because 2.3 billion dong is really an exorbitant high price if noting one just needs to pay 10 dollars (about 205,000 dong) to register any domain names which have not been registered before by any one else. However, Quang has affirmed that 2.3 billion dong is the “good price” if compared with the great potentials of the company. BKAV believes that in order to obtain the goal of listing itself in the top 10 leading anti-virus companies in the world, the possession of an international domain name with “.com” is the most important thing, and that the price is still relatively “cheap” if compared with the development potentials of the company in … [Read more...] about BKAV: 2.3 billion dong for Bkav.com domain name inexpensive
VietNamNet Bridge – Domain names are the national resources which need to be protected and not to be wasted. However, with the existing law loopholes, the national resources have been traded by individuals to seek profit. At present, Vietnamese domain names (.vn) and international domain names (.com) have been granted under the principle “first comes first served” with no limitation in quantity. One only has to follow very simple procedures to register domain names. The only legal documents required are identity cards and residential registration book. Meanwhile, VNNIC, the Vietnam Internet Network Information Center, only grants domain names, while it does not take care about how the domain names are used.Flexible regulations lend a hand to speculators The easy conditions on the domain name registration have helped individuals and institutions make big money by speculating domain names. They register domain names at VNNIC and then resell the registered domain … [Read more...] about Is it illegal to speculate domain names?