Tax breaks / incentives
Vietnam has no tax breaks, which is a disadvantage at a time when other markets in Asia have introduced them or are set to do so (eg Malaysia, Singapore, Philippines, China). Having said that, the country is engaged in a debate with the international community about how it might expand its film business. In January, the Motion Picture Association (MPA), with the support of the British Council and CGV Arthouse, presented A Conversation With Lord David Puttnam, during which Lord Puttnam discussed with some of Vietnam’s leading and emerging filmmakers ideas aimed at developing the industry.
Susan Lee, Director of Operations & Special Projects Asia Pacific, MPA, said, “The Vietnamese screen community is blossoming with talented filmmakers and new stories for the cinema, which bodes well for audiences. We hope that this dialogue encourages growth, and a vibrant, expansive screen community where creative works are respected and valued.”