Draft resolution eyes 2% budget floor, tax breaks to supercharge cultural industry
Hanoi, April 20 -- Hanoi (VNA) - Continuing the 16th National Assembly's first session in Hanoi on April 20 morning, deputies reviewed a proposal and appraisal report concerning a draft Resolution on the Vietnamese cultural development.
Minister of Culture, Sports and Tourism Lam Thi Phuong Thanh said the draft Resolution outlines 10 major policy groups. On funding, the State will ensure annual culture spending reaches at least 2% of total state budget expenditure, while actively courting private resources for the sector.
To attract and unlock investment, proposed policies include easier land and premise access; tax, fee, and charge incentives for cultural and creative industry clusters; and empowering local communities to manage and op...
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