Additional policies encouraging investment by enterprises in the agricultural and rural sector of Vietnam

Vietnamese Government has issued Decree No. 210/2013/ND-CP dated 19 Dec 2013 on policies encouraging investment by enterprises in the agricultural and rural sector.

Policies encouraging investment by enterprises in the agricultural and rural sector of Vietnam

Policies encouraging investment under Decree No. 210/2013/ND-CP include:

1 . Land incentives:

 o Exemption, reduction of land use fees
 o Exemption, reduction of land for rent, water surfaces leased from State
 o Assistant to lease land, water surfaces from households and individuals
 o Exemption or reduction of land use fees on conversion of land use purpose

2 . Investment assistance

 o Assistance in training manpower, market development and application of science and technology
 o Investment assistance in establishments of slaughter cattle and poultry
 o Investment assistance in establishments of livestock facility
 o Assistance in cannabis, macadamia trees (Macadamia)
 o Investment assistance in marine aquaculture
 o Investment assistance in establishments for drying corn, potato, tapioca, dried aquatic products processing coffee
 o Investment assistance in plantation timber processing specific to the northwestern provinces and the provinces have poor districts under Resolution 30a/2008/NQ-CP December 27, 2008 of the Government
 o Investment assistance in establishments of fabrication facilities, storage and processing of agricultural , forestry and fishery

3 . List of special investment preferential agricultural sectors includes 19 sectors.

Compared with current regulations in Decree 61/2010/ND-CP, the Decree No. 210/2013/ND-CP has some changes as follows:

a. Adding more investment assistance from the State :
 o Investment assistance in establishments of slaughter cattle and poultry
 o Investment assistance in establishments of livestock facility
 o Assistance in cannabis, macadamia trees (Macadamia)
 o Investment assistance in marine aquaculture
 o Investment assistance in establishments for drying corn, potato, tapioca, dried aquatic products processing coffee
 o Investment assistance in establishments of fabrication facilities, storage and processing of agricultural , forestry and fishery

b. Remove assistance in consultancy services and transport fares

c. Policies encouraging investment in this Decree regardless of the level of assistance based on enterprise size (micro, small or medium) as in Decree 61/2010/ND-CP which apply uniformly to all businesses.

d. List of special investment preferential agricultural sectors includes 19 sectors, fell 9 sectors as the Decree 61/2010/ND-CP.

Decree takes effect from the 10 Feb 2014 and replaces Decree No. 61/2010/ND-CP dated 04 June 2010.

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