New boost given to support industry
A number of incentives to boost the development of the support industry have been introduced, under a recently approved decree.
Illustrative image (Source: VNA)According to Decree No. 111/2015/ND-CP, organisations and individuals who study and work to develop prioritised support industry products under the Support Industry Development Programme will be eligible for financial and land incentives.
Those involved in technology transfer in the prioritised support sectors will also get incentives.
In addition, individuals who participate in the Support Industry Development Programme will be trained at home or abroad to enhance their abilities.
The prioritised support industry products will be introduced in a national trade promotion programme, receive financial support for brand name registration, and participate in international and domestic trade fairs.
The decree will take effect from January 1, 2016.-VNA
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