Preferential policies for agricultural development
Under newly-approved
Decree 210/ND-CP, investors shall be exempted from land use fee for
carrying out agricultural projects eligible for special preferential
treatment.
For projects eligible for preferential treatment, the land use fee shall be reduced to 70 percent.
It shall be cut by half in case of encouraged investment projects.
Investors of large-scale livestock farms will receive 3 billion VND (around 140,000 USD) per project.
Especially, those on production of high yielding dairy cows will get 5
billion VND (235,000 USD) each. The preferential policy aims to help
investors build sewage treatment, electricity and water systems,
pastures, and battery cages.
According to the decree
which will take effect from February 10 next year, the preferential
policy is also applicable to centralised aquaculture projects at sea.
Vietnam’s agriculture sector holds strong growth
opportunities to speed up its growth in terms of production, exports and
retail sales, especially for the country’s traditional products such as
rice, coffee, livestock, and dairy sectors, according to the Business
Monitor International (BMI).
However, Vietnam is
facing growing competition in its key markets, and the fulfillment of
its promising potential will only be achieved if the country steps up
its competitiveness and improves both products quality and supply chain
efficiency.
The results of public-private
partnership (PPP) programmes in the cultivation, breeding and seafood
sectors has reinforce BMI’s forecasts of Vietnam's agriculture sector in
the coming years.
The country's fertile soil and
its increasing agricultural productivity will support robust growth in
various sectors by more than 10 percent between 2012 and 2017.
To maintain growth, Vietnam should improve the quality of products and
agricultural productivity by applying new technology in cultivation and
breeding to ensure strict food hygiene and safety regulations and
promote brand names.-VNA