Agribank funds 1 billion VND for Hue Festival 2018 hinh anh 1At the signing ceremony (Photo VNA)

Thua Thien-Hue (VNA) –
The Vietnam Bank for Agriculture and Rural Development (Agribank)’s branch in central Thua Thien-Hue province has agreed to provide funds worth 1 billion VND (44,000 USD) for the 10th Hue Festival.

Under the deal, which was signed in Hue city on March 1, Agribank became the second biggest sponsor of the programme, after Carlsberg beer company - which earlier sealed a deal to fund 5 billion VND (219,500 USD) for the programme.

Director of Agribank’s branch in Thua Thien-Hue Nguyen Van Binh said this is the 10th year in a row the bank has sponsored the festival – a special art, culture and tourism event in the central province.

According to Vice Chairman of the provincial People’s Committee Nguyen Dung, this year’s festival has received sponsorship from nearly 20 units.

Themed “Cultural heritage with integration and development, Hue - one destination five heritages,” the festival is scheduled to take place from April 27 to May 2.

The biennial event looks to promote art and cultural exchanges as well as boost service-tourism growth.

More than 20 international art troupes from various countries, including France, the Republic of Korea, Israel, Mongolia, Japan, Thailand, Russia, China and Spain, have registered to join the event.

The old capital city of Hue owns five UNESCO heritages, including Hue Complex of Monuments, Hue Royal Court Music, Woodblocks of Nguyen Dynasty (1802-1945), Nguyen Dynasty's royal documents and the royal literature on Hue royal architecture.

This year, the province hopes to welcome about 4.2 million visitors, up 10 percent year on year, and earn tourism revenue of 4.2 billion VND (184,380 USD), a rise of 15 percent.-VNA