Incentives to be given to investors in agricultural projects

Laws - Investors in agricultural projects eligible for special preferential treatment shall be able to use the land free of charge if it is allotted to them by the Government.

This is according to the Government Decree 61/2010/ND-CP on preferential policies to encourage enterprises to invest in agriculture and rural areas which will take effect as of July 25, 2010.

Investors in agricultural projects eligible for investment preferences or encouragement shall receive a 70 to 50% discount on the land use rental price.

According to the Decree, the Government shall exempt agricultural enterprises or cut 50-70% of their fees for land or surface water leased up to a maximum 15 year.

Those enterprises shall be given a 50-100% reduction in vocational training fees, 50-70% of advertisement costs, and 50-70% of expenditures for participating in trade fairs. In addition, they shall pay lower costs, from 50% to 100% lower for access to information about agricultural production.