Business

Decree designed to encourage investment in agriculture

The Ministry of Planning and Investment said it is collecting opinions from organisations and individuals for a draft decree on policies to encourage investment in agriculture and rural development.
Decree designed to encourage investment in agriculture ảnh 1Illustrative image (Source: Internet)
Hanoi (VNA) – The Ministry of Planning and Investment (MPI) said it is collectingopinions from organisations and individuals for a draft decree on policies toencourage investment in agriculture and rural development.

The decree regulates additional incentives and investment support of the Statefor businesses investing in agriculture and rural development. It will beapplied to enterprises established and registered for operation in line with Vietnam’slaws.

Under the decree, enterprises having investment projects in agriculture can getdeductions of between 50-70 percent of their land rental, or are exempted from theland rental.

Businesses havinglarge scale breeding projects will receive maximum financial support of 5billion VND (220,000 USD) and at least 3 billion VND (132,000 USD) for buildingwastewater treatment, transport, electricity and water infrastructure, and purchasingequipment.

The MPI said agricultural projects invested by enterprises will also benefitfrom other incentives apart from the above-mentioned regulations.-VNA
VNA
#Ministry of Planning and Investment #draft decree #investment #agriculture #rural development #investment support #incentives #Vietnam’s laws #agricultural projects
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