Investment into agricultural and rural sector to be encouraged

(QNO) - The regulatory policy on encouraging businesses’ investment in Quang Nam province’s agricultural and rural sector in the period 2016-2020 promulgated by the Quang Nam People’s Committee was put into effect on June 3, 2016.

A vegetable garden in Bau Tron (Dai An commune, Dai Loc district, Quang Nam province). Picture: CHAU NU

Accordingly, 8 investment fields consist of agricultural production in connection with the local residents;  concentrated livestock raising; fresh vegetables and fruits of GAP (Good Agricultural Practices) standards; hi-tech application on choosing, generating and producing seeds; slaughterhouses;  planting medicinal plants; concentrated aquaculture in the hydropower dams, irrigational works, rivers, sea, planning areas; agro processing plants;  industrial infrastructure to process agricultural and aquatic products and pet food.

In addition, the province will give prior supports to the businesses in cooperation with the locals. However, these businesses must not change their investment target or transfer the projects to their partners. Meanwhile, the projects using preferential credit capital, the State’s credit guarantee capital and the businesses with foreign direct investment or with 100% share capital from the State are not supported.

At the same time, if the investment project is received many different favors or supports from the State and province, the business can  choose  only one favour they want but it must be in accordance with the current regulation.

By BAO NGUYEN