Hanoi, Nov. 10 -- The 16th National Assembly debated a draft Law on Cultural Industry Development in plenary in Hanoi on November 10 during its ongoing second session.

Lawmakers backed the need for the law, saying that it will fully institutionalise the Politburo's Resolution 80-NQ/TW on Vietnamese cultural development and create a legal corridor for the cultural industry ecosystem and value chain.

Rethinking cultural development

Deputy Vuong Quoc Thang from Da Nang city said the drafting agency must sharpen policies to extract more economic value from cultural assets built over thousands of years of national history.

On intellectual property (IP), Thang said value in the creative economy sits in creative content, IP rights and commer...