Great incentives for investment in agriculture

​Specifically, for investment projects in agriculture and rural areas in the field of special investment incentives pursuant to Decree 210 of the Government, if the State allocates land then the land use levy payable to the Government’s budget by that project shall be reduced by 50%. In cases where enterprises lease land or water surface areas from the Government, then they shall be exempt from land and water surface rent for 11 years from the date of completion and operation commencement for such projects.

The enterprise income tax shall also receive the 10% preferential treatment throughout the operation process for enterprises that plant, tend to and protecting forests, produce and breed plant varieties and animal breeds, preserve post-harvest agricultural products, and preserve Agricultural - aquaculture – food product. A 10% discount for 15 years for enterprises investing in projects that research and apply advanced technology. In addition, apply 15% enterprise income tax rate (previously 20%) to the enterprises dealing in agriculture fields that invest in plant cultivation, livestock farming and agricultural product processing.