Prime Minister Pham Minh Chinh has required relevant ministries and agencies to accelerate the development of cultural industries in line with contemporary trends, contributing to promoting socio-economic development.

In a directive signed on August 29, PM Chinh stressed that Vietnam has huge potential and advantages to develop cultural industries.

Cultural industries worldwide are rapidly expanding, recognized as a sustainable force driving resource pooling, competitive advantages and positive contributions to national branding and economic development, according to the directive.

The PM ínstructed relevant ministries, agencies and localities to review and propose amendments to legal documents, mechanisms and policies to encourage the development of cultural industries.

Priorities will be given to investment incentives, public-private partnerships, taxation, credit access, technological application, data system development, and administrative reform linked with digital transformation, the directive stated.

Authorities of provinces and centrally-run cities were tasked with issuing local policies to foster cultural industries, balance budgets, provide investment incentives, and build competitive and innovative local markets. 

The Ministry of Culture, Sports and Tourism was requested to coordinate with relevant ministries, agencies and localities to build a database and form a digital map about cultural industries.