Nearly VND400 billion collected in music copyright royalties last year
The Vietnam Music Copyright Protection Centre (VCPMC) collected over VND393 billion (US$15.48 million) in music copyright royalties last year, up 14.2% year-on-year, revealed the centre’s annual review conference held in Hanoi on January 8.
Of the total amount, royalties from digital platforms, including websites and music applications, were more than 305 billion, or 78%. The VCPMC distributed nearly VND257 billion to copyright holders in 2024. An additional VND94 billion in royalties for Q4/2024 is expected to be paid to authors and rights holders in January 2025.
To safeguard the legitimate rights and interests of its member authors, the centre pursued 79 cases related to copyright infringement, intellectual property and contract disputes, with 34 of them successfully resolved.
VCPMC General Director Dinh Trung Can said that this year, the centre will continue to prioritise licensing music usage rights, monitoring the market, and handling copyright violations.
Associate Professor Dr. Bui Hoai Son, standing member of the National Assembly’s Committee for Culture and Education, said the centre’s efforts have inspired the society, particularly in advancing Vietnam’s music industry toward a modern, globally competitive one that retains the country’s rich cultural identity.
