Investment in Vietnam - A series of incentives for foreign investors when putting up capital
to 4 fields of agriculture.
The Ministry of Agriculture and Rural Development (MARD) of
Vietnam has released policies to encourage foreign investment in the
agricultural sectors.
Accordingly, the Ministry proposed the list of sectors and
lines of business, investment incentives, including four areas:
- Production and development of cultivar and animal breeds.
- Production of auxiliary materials for added value.
- Deep processing of agricultural, forestry and aquacultural
products in association with raw material areas and for export.
- Production of veterinary drugs, pesticide.
Hi technology, clean
and friendly environmentally projects are always given priority to call for
investment.
Foreign investors implementing investment projects on the
list of preferential projects will be enjoyed many incentives such as tax, land
use fee, land rent.
Specifically, enterprises will be reduced corporate income
tax, Import and export duties according to the regulations of law on enterprise
income tax, taxs on export and import.
Investors having projects of investment incentives when
leasing land or water surface of the State shall be entitled to the lowest
price of the corresponding land category in the land price table prescribed by
the People's Committee of the province or city directly under the Central
Government.
In addition, investors are exempted from land rent or water
surface rent from the date that the project is completed and put into
operation. Tax from land rent is also exempted for land used for the
construction of workers' housing, greenery and public welfare.
Furthermore, foreign investors leased land by the State for
execution of investment projects are reuse land use rights, to receive transfer
or receive capital contribution by land use right of family households and
individuals and the organization to implement the investment project.
The Ministry of Agriculture and Rural Development (MARD) said
that FDI inflows into agriculture are still limited. FDI projects in
agriculture are small both in terms of scale and proportion of investment
capital, not matching the potential as well as the power of Vietnamese
agriculture.
More details, please contact us via: fdi-vietnam.com
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