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Vietnam government to fund ag projects

Vietnam credit institutions will offer enterprises developing national agricultural products 70 per cent of investment capital support, said the Ministry of Planning and Investment (MPI).

MPI has finalised a draft decree on policies encouraging enterprises to invest in agriculture and rural areas to submit to the Prime Minister, saying that one of the main points of the draft is supporting the development of national key agricultural products.

The support capital will not exceed VND8 billion (US$351,000) per project, focusing on assisting firms in infrastructure development including transportation, electricity, water, factories and equipment.

Projects that provide seeds for key agricultural products will also receive 70 per cent investment capital support, with a maximum level of VND2 billion per project.

source: english.vietnamnet.vn
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