Vietnam Encourages Private Investment in Agriculture
November 12, 2010| |
In a round-table discussion on Public Private Partnerships (PPP) entitled Creating new opportunities for private investiment in agriculture, Minister of Agriculture and Rural Development Cao Duc Phat invited private investors to conduct agricultural investments in Vietnam. The country has made numerous policies to encourage investments in rural agriculture including "exemption or reduction in land use fees by 70 percent, helping small businesses in human resource training and exempting them from import taxes on materials used in production."
A list of 28 priority fields which will enjoy preferential treatment has been released by the government that include cultivation and breeding, seafood industry, forestry, salt development, agricultural mechanization, to name a few. The Prime Minister has approved the PPP model submitted by the Ministry of Planning and Investment and is hoped to mobilize domestic and foreign private sources in various fields, including agriculture.
See the original news article at http://en.vietnamplus.vn/Home/VN-encourages-private-investment-in-agriculture/201011/13815.vnplus
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