Priority principles in implementing industrial encouragement policies in Vietnam

 Priority principles in implementing industrial encouragement policies in Vietnam (Internet image)

Article 6 of Decree 45/2012/ND-CP stipulates: Prioritized areas: prioritizing programs and schemes implemented in localities facing difficult and extremely difficult socio­-economic conditions specified by the law in Vietnam; the communes in the national target program on building new countryside; highland, island and bordering districts; ethnic areas and poor districts under the Government of Vietnam's regulations. Prioritized industries and trades:

• Prioritizing programs and schemes supporting the development of mechanics and chemical industries serving agriculture and rural area; agricultural, forestry and fishery product processing industries; ancillary industries; and the application of cleaner industrial production;

• Prioritizing programs and schemes supporting the development of typical rural industrial products; products in the programs on developing key industrial products and pivotal industries; national, regional, and local key industries; the manufacture of products for export; and labor-intensive production using local raw materials.

Note: Prioritizing budget for the programs and schemes specified in Clauses 1 and 2 of this Article so as to attract investment in industrial and handicraft development and cleaner production to prioritized localities, industries and professions.

More details can be found in Decree 45/2012/ND-CP, which comes into force from July 5, 2012.

Le Vy

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