Preferential policies for agricultural development

VGP – The Government has promulgated a series of additional preferential policies to encourage businesses to invest in agriculture and rural development.

December 22, 2013 5:15 PM GMT+7

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%.

The fee shall be cut by half in case of encouraged investment projects.

Investors of large-scale livestock farms will receive VND 3 billion (around US$140,000) per project.

Especially, projects on production of high yielding dairy cows will get VND 5 billion (US$235,000) each. The preferential policy aims to help investors to build sewage treatment, electricity and water systems, pastures, and battery cages.

According to the Decree, the preferential policy is also applicable to centralized aquaculture projects at sea.

The Decree will take effect since February 10, 2014./.

By Huong Giang