The Ministry of Planning and Investment is drafting a decree to support loans and interest rates for enterprises that invest in agriculture and rural areas in the near future.
The banking sector needs more solutions providing bigger fund for the agriculture and the rural area for sustainable development in the future, according to experts.
The State invested some VND611 trillion (US$27.4 billion) in agriculture
and rural areas during 2011-15, 1.83 times higher than the previous
five-year period.
Exemption and reduction in land rent, cost support for advertising,
vocational training, and base construction investment are among the
incentives and facilitation that enterprises enjoy while investing in
agriculture and rural areas.
Thirty years of industrialisation and modernisation and some remarkable
achievements notwithstanding, the Cuu Long (Mekong) Delta has failed to
fulfil its agricultural potential, experts have said.