Agricultural policies to encourage stimulating demand depend on the number of enterprises participating in the processing sector in Bac Giang, Vietnam

Published 2020년 10월 13일

Tridge summary

Bac Giang province is encouraging businesses to invest in agriculture by offering policies to stimulate demand, promote land consolidation, and provide financial support for machinery and equipment. Despite these incentives, the number of enterprises participating in the agricultural product processing sector remains low due to challenges such as natural disasters, epidemics, and land access. To address these issues, the province has issued a resolution to support 50% of the investment cost for facilities processing vegetables, litchi, oranges, grapefruit, longan, pork, and chicken, as long as the establishments meet certain production criteria. The company Kim Ngan Trading Co., Ltd. has found success in processing vinegar from lychee and is expanding its market reach, and the Giang Son Poultry Processing Joint Stock Company is linking with local livestock households to ensure a steady supply for processing.

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Original content

Many policies to support enterprises In order to attract businesses to invest in agriculture, the State and Bac Giang province have many policies to encourage "stimulating demand", but the number of enterprises participating in the processing sector. agricultural products are still very little. This shows that the agricultural product processing sector is very "picky" for businesses and actually requires policies to create more breakthroughs in this field. Understanding the above difficulties, in order to attract businesses to invest in the agricultural sector, Bac Giang province has had policies such as: Promote the credit program to support interest rates for loans to buy machinery and equipment. agricultural development according to Decision 68/2013 / QD-TTg dated November 14, 2013 of the Prime Minister; support to encourage land consolidation, land exchange .... The incentives from the above policy have initially attracted a number of businesses to participate in the ...

Source: Danviet