Cultural products generate 3 percent of global GDP and 29.5 million jobs per year, according to participants of a regional conference on culture and global integration in Hanoi on October 25.
Young people at a book fair in Hanoi (Photo: VNA)
Hanoi (VNA) – Cultural products generate 3 percent of global GD𝐆P and 29.5 million jobs per year, according to participants🉐 of a regional conference on culture and global integration in Hanoi on October 25.
Opening the conference, Deputy Minister of Culture, Sports and Tourism Dang Thi Bich Lien lauded the International Organisation of the Francophonie (OIF) for organising the event.
According to her, Vietnam issued a resolution on cultural development in 2014, which mentioned building a morally strong cultural market and narrowing the gap in consumption of cultural products.
In September 2016, a cultural economics development strategy for 2016-2020 was released with roadmaps to boost the growth of various sectors, including advertising, architecture, games, film and fashion.
OIF Director for Asia-Pacific Eric Normand Thibeault said his agency is working to stimulate cooperation with OIF members, particularly Vietnam.
The event offers opportunities for policy makers and cultural experts to exchange experience in the business in their respective countries.
It runs through October 27 with further discussion on global challenges to cultural economics and UNESCO conventions on the protection of cultural diversity, among other topics.-VNA
The Ministry of Culture, Sport and Tourism handed over library trucks to five disadvantaged provinces with large number of ethnic people on October 7 under the “Multimedia Mobile Library” project.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Young people at a book fair in Hanoi (Photo: VNA)
