In accordance with Clause 7, Article 21, of the 2024 Capital Law, the Hanoi People’s Council has drafted a resolution on the organisation and operation of cultural industry centres.
This will serve as a comprehensive legal framework for the establishment, management, and operation of cultural industry centres that connect traditional cultural heritage with modern technology to create valuable cultural products and services.
The draft resolution consists of five chapters and 24 articles. Cultural industry centres are defined as “areas with clearly defined geographical boundaries, dedicated to operations in the cultural industry sector.”
These centres can be established under different organisational models including enterprises, public non-business units, or cooperatives.
The draft clearly stipulates the authority for establishing cultural industry centres, planning, and the organisation of their operations.
Specifically, these centres must operate in compliance with the law and the regulations of Hanoi City, as well as ensure sustainable development by combining the preservation and promotion of traditional cultural values with creative innovation.
The draft resolution outlines the rights, obligations, and benefits of investors in cultural industry centres.
Notably, the city prioritises planning and allocating land resources; prioritises investment in cultural industry infrastructure; mobilises resources to implement cultural industry development projects to assign or lease to the centres; and considers converting public property facilities into new creative cultural spaces to develop cultural industry centres.
Cultural industry centres, as well as organisations and individuals engaged in production and business within these centres, will be entitled to incentive policies for new investment projects in cultural industries. They may also be considered for land lease exemption or reduction in accordance with laws on socialisation encouragement policies.
If investors lease public property facilities to establish a cultural industry centre, they may deduct land lease fees (according to laws on exemptions and reductions for socialised establishments) from the facility rental. They may also be exempt from rental fees for up to the first 3 years after establishment and receive a 50% reduction in rental fees for the subsequent three years.
