MARD keen to roll out agricultural incentives
Ha Noi (VNA) - The Ministry of Agriculture and Rural Development (MARD) expected to issue a strategy on foreign direct investment (FDI) till the decade-end by August as one of a series of steps to attract greater foreign direct investment (FDI) into agricultural industry.MARD is also expected to submit a new policy on incentives for FDI projects to the Government for consideration by Quarter 4.
The bill offers credit support as well as incentives in land, trade and investment promotion, infrastructure and human resource development.
The bill prioritises investment in agriculture, afforestation, wood processing and animal husbandry in the hope that greater foreign investment would contribute to improving the export value of Vietnamese farm produce and reduce the proportion of raw materials in agricultural exports.
In a bid to gain support for the plan, the Government has pledged to upgrade rural infrastructure, provide training for farmers, and conduct scientific research and transfers of technology through official development assistance (ODA).
MARD hopes that FDI will make up 11 percent of the total 145 trillion VND in agricultural investments by the time the roadmap expires in 2010.
Le Van Minh, Head of the International Cooperation Department under the MARD, said FDI projects have already contributed greatly to agriculture, forestry and rural development.
Backing up those claims, the Ministry of Planning and Investment (MPI) recently reported that by July 2007, 3.83 billion USD in FDI had been valid in agriculture and forestry projects alone, accounting six percent of the nation’s total FDI tally.
However, Tran Thi Thu from the Foreign Investment Department under the MPI said that FDI in the sector remains modest and is focusing only in key economic zones.
She added that a majority of investors are Asian while those from regional and international agricultural powers such as the United States, Canada and Australia are more or less absent from the domestic industry.
Some of the major problems plagueing Vietnamese agriculture that include slow returns are particularly hampered by storms and droughts, the midding ability of Vietnamese workhands in handling advanced technology and poor rural technical and material infrastructure.--Enditem
được đăng bởi kude.punny @ 09:15
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