Land incentives for agricultural projects

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Any enterprises investing in agriculture and rural areas will enjoy the policy on land levy exemption and reduction. This is one of the contents proposed by the Ministry of Planning and Investment in the draft decree on policy to encourage enterprises to invest in agriculture and rural areas.

Under this proposal, enterprises which have agricultural projects eligible for special investment incentives, if the land is allocated by the State with the collection of land use levies according to the provisions of the Land Law, shall be exempt from land use levy for such land area; Enterprises with agricultural projects eligible for investment incentives, if the land is allocated by the State with the collection of land use levies under the provisions of the Land Law, shall be entitled to a 70% reduction of the land use levy for such land area; Enterprises with agricultural projects eligible for investment incentives, if land is allocated by the State with collection of land use levies under the provisions of the Land Law, shall be entitled to a 50% reduction of the land use levy for such land area.

In addition, the Ministry of Planning and Investment has proposed that enterprises having agricultural projects eligible for investment incentives when renting land or water surface from the State shall be entitled to the lowest price of the land price table which is regulated by the People's Committee of the provinces or cities under the Central Government; enterprises with agricultural projects eligible for investment incentives shall be exempted from land fee in 15 years from the date the projects put into operation and 50% reduction of land fee for the next 7 years.

For enterprises with agricultural projects eligible for investment incentives, they shall be exempted from land or water surface rent fees for the first 11 years from the date the projects put into operation and the 50% land and water surface rent fee reduction in the next 5 years.

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