Agriculture firms receive Gov’t funds

State credit institutions will offer enterprises developing national agricultural products 70 percent of investment capital, said the Ministry of Planning and Investment (MPI).
Agriculture firms receive Gov’t funds ảnh 1A dragon fruit farm in Bac Binh district of Binh Thuan province (Photo: VNA)

Hanoi (VNA) - State credit institutions will offer enterprises developingnational agricultural products 70 percent of investment capital, said theMinistry of Planning and Investment (MPI).

MPI has finalised a draft decree on policies encouraging enterprises to investin agriculture and rural areas to submit to the Prime Minister, saying that oneof the main points of the draft is supporting the development of national keyagricultural products.

The support capital will not exceed 8 billion VND (351,000 USD) per project,focusing on assisting firms in infrastructure development includingtransportation, electricity, water, factories and equipment.

The projects eligible for the support must satisfy certain regulations. Forcoffee processing projects, the minimum processing capacity must be 2,000tonnes per year for wet coffee, 20,000 tonnes per year for coffee beans usingdrying method, 4,000 tonnes per year for coffee powder or instant coffee.

For rice, the minimum processing capacity is 50,000 tonnes per year for regularwhite rice products and 3,000 tonnes per year for premium white rice products,whose export prices are one and a half times higher than regular products.

The figure is 1,000 tonnes of per year for pepper, 5,000 tonnes per year forcashew nut, 10,000 tonnes per year for vegetables and fruits (including cannedvegetables and fruits).

For aquatic and marine products, the minimum capacity is 1,000 tonnes per yearfor shrimp and 5,000 tonnes per year for pangasius and other seafood.

Projects that provide seeds for key agricultural products will also receive 70per cent investment capital support, with a maximum level of 2 billion VND perproject.

The MPI will also focus on supporting projects that process wood exploited fromplantation forests, it said.

According to MPI’s plan, enterprises processing wood harvested from plantationforests or bamboo processing in the northwest provinces, the Central Highlandsprovinces or provinces with poor districts, as regulated in the GovernmentResolution No 30a/2008/NQ-CP dated December 27, 2008, will be supported by theState budget.

Firms producing MDF (Medium-Density Fibreboard) wood with capacity of at least30,000cu.m per year or those who have plywood factory with capacity of at least100,000cu.m will be given a financial aid worth 20 billion VND per factory.

Businesses who process particle board, bamboo and industrial laminated woodwith minimum capacity of 20,000cu.m will receive capital of 10 billion VND perfactory.-VNA 
VNA

See more

Consumers shop at the WinMart Vo Thi Sau supermarket in Hanoi's Hai Ba Trung district. (Photo: VNA)

Hanoi keeps CPI well under control

The CPI for the first quarter of 2025 increased by 2.75% compared to the same period last year, indicating that inflation remains well under control.

Vietnam’s KRX trading system is set to go live on May 5. (Photo: VietnamPlus)

Vietnam to launch KRX trading system on May 5

The KRX system is currently in its final testing phase before full implementation. During this period, securities firms are conducting simulated trading sessions as if on a normal trading day.

Vietnam has proactively reviewed and adjust tariffs, particularly on US imports, as part of efforts towards balanced trade relations. (Illustrative photo - Source: VNA)

Vietnam reviews, adjusts import tariffs to promote trade balance

The Ministry of Finance is now working closely with other agencies to evaluate policy options that support businesses. Possible solutions include market diversification, supply chain optimisation, and leveraging opportunities from Vietnam’s existing free trade agreements.

Illustrative photo (Photo: VNA)

Retail petrol prices up in latest adjustment

Under the new pricing structure, E5 RON92 and RON95-III have increased by 341 VND and 495 VND per litre to a maximum of 20,373 VND (0.79 USD) and 20,919 VND per litre, respectively.

The Lumitel brand is being promoted on walls across Burundi. (Photo: Viettel)

Lumitel – A bright spot in Vietnam-Burundi collaboration

After a decade of operations, Lumitel has become the leading telecommunications provider in Burundi and one of the largest contributors to the Burundian government's budget, providing stable employment for over 60,000 workers and indirectly creating around 100,000 jobs.

Belarusian Deputy Prime Minister Anatoly Sivak speaks at the forum. (Photo: VNA)

Ample room remains for Vietnam - Belarus trade cooperation

To further develop the Vietnam-Belarus economic and trade relationship, it is essential to enhance trade promotion and investment initiatives such as trade fairs, forums, thematic workshops, and trade connections, which serve as an important bridge for businesses from both sides to meet, connect, and seek cooperation opportunities.

The 5th Exhibition of Ho Chi Minh City and Friendship Provinces and Cities in Savannakhet takes place from April 2 to 6. (Photo: VNA)

Vietnam, Laos boost trade at Savannakhet expo

Vice Governor of Savannakhet Saensak Soulisak highlighted the exhibition’s role in expanding trade collaboration, enabling businesses to connect, share experience, and explore investment prospects. He also noted its significance in promoting local products to a wider market.

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.