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.