Vietnam considers VAT refunds for foreign film crews
Vietnam is considering a package of new incentives for the cultural industries including VAT refunds for foreign film crews shooting in the country as lawmakers review a draft Law on Cultural Industry Development ahead of its expected passage in October
On September 8, the National Assembly’s Committee for Culture and Society convened a working session with the Ministry of Culture, Sports and Tourism to discuss a draft law aimed at boosting Vietnam’s cultural industries. The legislation, set to be reviewed by the National Assembly in October, includes several key policy groups and special mechanisms designed to attract foreign investment and develop infrastructure.
Among the proposed incentives is a value-added tax (VAT) refund mechanism for foreign film crews, alongside partial cost support for high-value cultural industry projects and additional incentives for the publishing sector. The draft also seeks to create a National Cultural Card, trading platforms, and other market development tools to stimulate cultural consumption domestically and internationally.
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