Deputy Minister of Agriculture and Rural Development Phung Duc Tien The Vietnamese Government has issued a series of incentive policies aimed at promoting private investment in agriculture. Decree No 57/2018/ND-CP, implemented in 2018, was the most recent initiative which was designed to support the development of emerging agricultural enterprises. However, the implementation of this policy still faces many shortcomings. Currently, the Ministry of Planning and Investment is presiding over the development of a new decree which will replace Decree 57 to make the policy more practical and consistent with other laws such as the Law on Public Investment, the Law on Investment and Enterprise Law. Vietnam News Agency talked to Deputy Minister of Agriculture and Rural Development Phung Duc Tien about the new draft decree. What is behind the recent trend of Vietnamese enterprises investing in the agricultural sector? Together with many incentive policies to encourage investment in agriculture, rural areas and improve the capacity of the supporting industry, some large economic groups have recently focused on investing in the agricultural product processing sector. In 2021, there were six projects with a total investment of over VND5 trillion (US$217.4 million) inaugurated and put into operation. This has created a breakthrough… Read full this story
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