The reports focused on the diversification of financial sources, ways to encourage the involvement of the private sector to create self-generated revenue sources, and the development of sustainable cooperation models.

Associate Professor, Dr. Nguyen Thi Thu Phuong, Director of Vietnam National Institute of Culture and Arts Studies, told VOV that Vietnam’s positive point is that Vietnam already há direct investment and support policies for culture.

“But the bottleneck is that we haven’t yet implemented indirect investment policies for culture. Tax incentives and interest rate support for loans for cultural and artistic projects are examples,” said Phuong, adding, “It’s necessary to increase the public investment of the State and ensure harmony between the public and private sectors. We need seed investors to facilitate cultural development.”

Investment in and funding for culture helps preserve cultural heritages, develop cultural industries and creativity, and create resources to achieve sustainable development goals, according to the workshop.