Agricultural enterprises shall be supported with VND 1 million/m2 in building factory

In accordance with the Circular No. 05/2014/TT-BKHDT issued by the Ministry of Planning and Investment on September 30, 2014 guiding the implementation of the Government’s Decree No. 210/2013/ND-CP of December 19, 2013, on incentive policies for enterprises investing in agriculture and rural areas. Enterprises may select the compliance with the current capital construction investment process: To be applied on the condition that provincial-level People’s Committees (or agencies authorized by provincial-level People’s Committees) approve designs and cost estimates of items or works under projects entitled to support or approve designs and total cost estimates of the whole projects before such items, works or projects are implemented.

Besides, the enterprise may select the self-implementation: Enterprises shall approve designs and cost estimates under general regulations, divide their projects into different investment items or bidding packages at their own will; and organize the implementation of items or works entitled to supports (they may decide to hire or not to hire contractors). In this case, enterprises shall receive supports at the levels.

Projects implemented before February 10, 2014, the effective date of Decree No. 210/2013/ND-CP, and meeting the conditions for incentives and supports may receive incentives and supports to enjoy incentives and supports for their remaining duration, counted from February 10, 2014; supports will be provided only to investment items and bidding packages implemented after February 10, 2014. Investment items and bidding packages implemented before February 10, 2014, will not be retroactively provided with supports.

This Circular takes on November 14, 2014 and replaces Circular No. 06/2011/TT-BKHDT of April 6, 2011.