The Government haspromulgated a series of additional preferential policies to encouragebusinesses to invest in agriculture and rural development, reports theVietnam Government Portal.
Under newly-approvedDecree 210/ND-CP, investors shall be exempted from land use fee forcarrying out agricultural projects eligible for special preferentialtreatment.
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 5billion VND (235,000 USD) each. The preferential policy aims to helpinvestors build sewage treatment, electricity and water systems,pastures, and battery cages.
According to the decreewhich will take effect from February 10 next year, the preferentialpolicy is also applicable to centralised aquaculture projects at sea.
Vietnam’s agriculture sector holds strong growthopportunities to speed up its growth in terms of production, exports andretail sales, especially for the country’s traditional products such asrice, coffee, livestock, and dairy sectors, according to the BusinessMonitor International (BMI).
However, Vietnam isfacing growing competition in its key markets, and the fulfillment ofits promising potential will only be achieved if the country steps upits competitiveness and improves both products quality and supply chainefficiency.
The results of public-privatepartnership (PPP) programmes in the cultivation, breeding and seafoodsectors has reinforce BMI’s forecasts of Vietnam's agriculture sector inthe coming years.
The country's fertile soil andits increasing agricultural productivity will support robust growth invarious sectors by more than 10 percent between 2012 and 2017.
To maintain growth, Vietnam should improve the quality of products andagricultural productivity by applying new technology in cultivation andbreeding to ensure strict food hygiene and safety regulations andpromote brand names.-VNA
