Making it easier for investors

The Ministry of Finance is drafting circulars to simplify policies and procedures relating to agricultural projects that have been frustrating investors, a report said yesterday.

The Dau Tu (Investment Review) newspaper cited Hoang Van Phuc, deputy manager of the agricultural division under the Finance Ministry’s Business Finance Department, as saying current polices and procedures made the implementation of agricultural projects complicated and costly.

It also quoted Pham Manh Hien, general director of the Viet Nam Forest Corporation, as saying several policies were impractical. For instance, the tardy issuance of land-use right certificates for forest growers hindered agricultural businesses from investing in reforestation, he said.

The report noted that during the last three years, the Government had issued many policies to ease capital shortage and other difficulties faced by agricultural businesses in order to promote investment in the sector.

In particular, the Government had provided guarantees for small and medium enterprises in the sector to access loans from commercial banks, the report said. — VNS

Tags: Vietnam agriculture

Posted by VBN on Apr 13 2011. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry