Vietnam to cut funding for state-run media

Source: Xinhua| 2018-11-02 13:45:10|Editor: Chengcheng
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HANOI, Nov. 2 (Xinhua) -- Under a plan on the network of public communications units towards 2021 approved recently by the Vietnamese government, more and more state-run media agencies are supposed to start funding themselves, local media reported on Friday.

According to the plan, at least 10 percent of all state-run media agencies in Vietnam will be financially independent by 2021, and it will increase to at least 20 percent by 2025, Kinh Te & Do Thi (Economic and Urban Affairs) newspaper reported.

State monies will be only earmarked for a number of state-own media outlets and programs for information dissemination purposes.

Also according to the plan, Vietnam will see at least a 10-percent reduction in the number of state-funded communications agencies (non-media) and a 10-percent cut in the number of staff receiving salary from the state budget by 2021, Vietnam News newspaper reported.

The government also set the target of transforming public communications agencies that meet certain conditions into joint stock companies by 2021.

The plan is part of the government's efforts to restructure and make the communications and media agencies leaner, while still ensuring quality.

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