Support for Agriculture-related Enterprises with Over 5 Years of Association

Duy Thinh

09:59, 11/07/2024

Recently, the Government of Vietnam issued Decree 98/2018/ND-CP on policies to encourage cooperation and linkage associated with production and consumption of agricultural products. This regulation contributes to creating new opportunities in this field. One notable content in the document is the conditions for parties to receive linkage support.

To be specific::

- The linkage project must align with the local socioeconomic development planning;- Must have a certificate or commitment to ensure compliance with legal regulations on product quality standards, food safety, animal disease safety, and environmental protection;- Stable linkage guarantee: For agricultural products with a breeding, planting, or exploitation cycle of 01 year or more, the minimum linkage duration is 05 years; for those with a cycle under 01 year, the minimum linkage duration is 03 years;- The linkage project or the plan requesting linkage support must be approved by the competent authority.

Decree 98/2018/ND-CP took effect on August 20, 2018.

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