Decree 98/2018/ND-CP issued by the Government of Vietnam stipulates policies to encourage development, cooperation, and association in the production and consumption of agricultural products, creating a positive driving force to promote the development of the agricultural sector in Vietnam.
Investment projects implemented in the form of linkage from production to consumption will be entitled to preferential policies from the State.
However, to apply for support policies, the parties involved in the linkage must first meet the following conditions:
- Conformity with the local socio-economic development plan;- Having certification or commitment to ensure compliance with legal regulations on product quality standards, food safety, disease safety, and environmental protection;- The linkage ensures stability:- For agricultural products with a rearing, planting, or harvesting cycle of 01 year or more, the minimum linkage period is 05 years;- For agricultural products with a rearing, planting, or harvesting cycle of less than 01 year, the minimum linkage period is 03 years.- The linkage project or the support request plan must be approved by a competent authority.
Decree 98/2018/ND-CP is effective from August 20, 2018.
- Thanh Lam -
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