Hanoi (VNA)🍷 – Vietnam has made initial efforts to approachcreative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for EconomicManagement (CIEM).

The report “Promoting Creative Economy:International trends, experience and policy recommendations for Vietnam,” released at a workshop jointly held by the CIEM and the German Agency for International Cooperation (GIZ) on April 26, pointed to advantages, disadvantages, opportunities and challenges to the creativeeconomy in Vietnam. Accordingly, Vietnam boasts rich and diverse cultural heritage, a young, dynamic population with technological skills, and positive policy changes towards new economic models.  Meanwhile, it faces difficulties in funding, especially in traditional creative sectors, a lack of relevant skills, especially among middle-agedand elderly groups, women, and disadvantaged localities, and inadequate infrastructure. The report provides recommendations todevelop the creative economy in Vietnam in the coming time, including completinga solid policy framework to nurture it, giving motivation to stakeholders, increasing investment in digital infrastructure and technology, and developing domestic andinternational markets for creative Vietnamese products. Speaking at event, CIEM Director Tran Thi Hong Minh said the traditional growth model based on capital increase, unskilled labour, land, and natural resources has touched its limit. Therefore, she said, it is a must to make reforms in mindset, methods and models tocreate new spaces for economic growth.  The CIEM will further perfect thereport and propose to the Government measures to boost economic growth through the creative economy, towards building a national strategy in this regard, Minh said./.