On 6, December 2018, the Ministry of Planning and Investment (MPI) issued Circular No. 04/2018/TT-BKHTT on mechanisms and policies to encourage enterprises to invest in agriculture. This Circular takes effect on 21 January 2018.
Accordingly, the list of projects encouraging enterprises to invest in is synthesized on the principle of prioritizing the following projects:
• Projects for processing agricultural products using local materials or using more labor (100 laborers or more);
• Project for manufacturing mechanical products, equipment, accessories, agricultural products;
• The project has an environmentally friendly production process, low energy consumption, low emission;
• The project of linking production creates value chains in the fields of agriculture, organic agriculture, and high technology agriculture.
In addition, this Circular also guides the exemption, reduction of land use fees, land rent, water surface rent as follows:
• Principles for implementation of exemption and reduction under Article 10 of Decree No. 45/2014/ND-CP and Article 18 of Circular No. 46/2014/ND-CP dated 15 May 2014;
• Dossiers and procedures for land use levy exemption and reduction comply with Articles 15 and 16 of Circular 76/2014/TT-BTC dated 16 June 2014 and Article 8 of Circular No. 10/2018/TT-BKHDT dated 30/01/2018;
• Dossiers and procedures for exemption from or reduction of land rent and water surface rents shall comply with Articles 14 and 15 of Circular No. 77/2014/TT-BTC of June 16, 2014.
It can be seen that Circular No. 04/2018/TT-BKHDT has detailed and specific regulations, which shows the policy of Vietnam in attracting enterprises investing in agriculture. In particular, it encourages technology investment to develop production activities in this area.