Vietnam law makers approved resolution on supervising investments in agriculture and rural area.

The National Assembly’s standing committee said total investments, funded by state budget and government bonds, in agriculture and rural area was VND286.212 trillion in 2009-2011, up 1.95% from that in 2006-2008 period.

Currently Vietnam spent nearly 50% of the investments funded by state budget and government bonds in agriculture and rural area.

Vietnam law makers voted for the plan to double investments in these areas every 5 years, or even higher if practical conditions allow.

The NA also decided to review, amend, and add policies to attract investments into these area, including policies on land use; land rent; business income tax for cooperative or businesses investing in rural and agriculture projects; agriculture product processing and high-tech projects.

Source StoxPlus