Incentives for Production Premises, Investment, and Credit in Rural Occupations

19:59, 11/07/2024

Recently, the Government of Vietnam issued Decree 52/2018/ND-CP replacing Decree 66/2006/ND-CP on the regulation of rural occupational development.

The rural industries will enjoy the State's preferential policies regarding production premises, investment, credit, specific details as follows:

1. Production premises

- Rural industry establishments proposing effective investment projects will be facilitated in terms of land allocation with land levy collection and will be granted land use right certificates as per land law regulations.- Investment projects requiring stringent pollution control, ensuring new product research and production will be prioritized for land allocation with land levy collection or land lease in concentrated industrial zones and clusters.- The local budget will support funding to relocate rural industry establishments out of residential areas to planned locations. The specific support level shall be decided by the provincial People's Committee.

2. Regarding investment, credit

For effective production and business projects:

- Enjoy investment incentives according to the Law on Public Investment.- Apply policies to encourage enterprises to invest in agriculture and rural areas.- Get priority in borrowing capital from credit institutions, the National Employment Fund, the Small and Medium Enterprise Development Fund, and the National Science and Technology Development Fund as per legal regulations.

For more related regulations, refer to Decree 52/2018/ND-CP effective from June 1, 2018.

- Thanh Lam -

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