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Mechanisms promoted to attract more investment in agriculture

TQO - Tuyen Quang province has developed many policies and mechanisms supporting enterprises to encourage and attract more investment in agriculture, towards the goal of at least 60 businesses operating in the field by 2020.

Products are warehoused at the Son Duong Sugar and Sugarcane JSC (Sonsuco) company.

By the end of 2018, Tuyen Quang had 52 enterprises operating in agriculture, forestry and fisheries, out of total 1,518 businesses. The province has set out several incentive policies for enterprises investing in agriculture and rural development, mainly focusing on fund support.

The strict conditions for loan and high interest rates from commercial banks as well as the lack of specific policies to encourage land concentration and interest rate support for businesses to borrow capital to develop their production and business in agriculture are barriers for enterprises.

In order to increase the mechanism to attract more investment in agriculture, the Tuyen Quang provincial Department of Planning and Investment has studied and developed a resolution on specific policies to encourage enterprises. Accordingly, businesses that want to invest in several special fields, including tea production and processing and concentrated breeding of buffaloes and pigs, will be prioritised. In addition to the assistance of up to 50% of the cost for building infrastructure, enterprises will receive the support of land through the leasing of land use rights or capital contribution with land use rights to solve problems of land accumulation for their long-term production.

Song Gam

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