HCM City develops arts industry

Economy, Vietnam, Vietnam Finance News

HCM City Museum is one of the most famous cultural destinations in the city (Photo: VNA)

HCM City (VNS/VNA) – A major
project on developing an arts industry in HCM City by 2020, with a vision to
2030, has been submitted to the city People’s Committee.

The project, initiated by the Department of Culture and Sports, focuses on
film, performing arts, fine arts, photography, exhibitions, advertising and
cultural tourism.

Revenue from the local arts industry would make up 7 percent of the city’s GDP in
2020 and 15 percent in 2030, the project has targeted.

The city’s film industry is projected to make up 35
percent of the country’s total film industry earnings by 2020.

Towards this goal, the city plans to build a modern studio with an area of more than 100 ha and a
centre for pre-production and post-production for film-making. It also targets increasing the number of Vietnamese feature films and
animations in cinemas, and will organise local film festivals to attract
quality films from local and foreign filmmakers.

The city will build priority policies to attract more individual filmmakers and
foreign film investors.

For the performing arts, the city aims to account for 30 percent of
total revenue of the country, and to promote traditional theatrical arts like cai
luong (reformed opera), hat boi (classical drama), theatrical drama,
and other contemporary performing arts. 

It focuses on developing cultural projects including the HCM City Ballet
Symphony Orchestra and Opera (HBSO) in the Thu Thiem New Urban Area, Phu Tho multi-functional circus and theatre in District 11, and a centre for
traditional theatrical arts.

The city also plans to establish a centre to examine and auction fine art
works, and include more exhibition spaces to introduce different kinds of arts.

As for cultural tourism, the city targets revenue of 17-25.5 trillion VND (732 million – 1.1
billion USD) each year, equivalent to 10-15 percent of the city’s total earnings from tourism.

HCM City now has seven state-owned arts agencies and a centre for performing
arts and film, over 700 private performing arts organisers, and hundreds of
organisations and individuals working in the film sector.-VNS/VNA

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