Agriculture sector expects further investments with slashed policies

Local and foreign investors are welcoming the government’s landmark move to eliminate agricultural policy-related obstacles in a bid to attract more investment in the agricultural sector. Hong Sun, secretary general of the Korean Chamber of Business in Vietnam, told VIR that the Korean business community in Vietnam “feels happy” when Prime Minister Nguyen Xuan Phuc announced that the government will give special land, credit, and export-import incentives to farmers and agricultural investors. “Many Korean firms are operating in Vietnam’s agriculture sector, and many more will come here in 2017 to start vegetable and flower plantations”, Sun said. “Before they come, though, they need the incentives that are offered in many other nations.” Last week Phuc required the Ministry of Agriculture and Rural Development, the Ministry of natural Resources and Environment, and leaders of provinces and cities nationwide to remove unnecessary hurdles from all agricultural policies. “Any governmental policy that hampers the sector’s development and detracts from investment has to be abrogated immediately.

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