Vietnam encourages foreign investment in agriculture

At the beginning of 2010, only four foreign-funded enterprises in the agricultural sector registered their investments, and now they have increased to more than 20 companies. At present, foreign direct investment absorbed by the agricultural sector in Vietnam only accounts for about 5% of the total amount of foreign investment in Vietnam, and it is believed that there will be rapid growth in the future. As a large agricultural country, Vietnam will be a place where transnational groups such as fertilizers, seeds, and pesticides are rushing. In order to absorb foreign investment, Vietnam has introduced many preferential policies for investment in agriculture. According to Vietnamese Government No. 61/2010/N? -CP agrees that starting from July 25, 2010, the state will provide enterprises in the investment agriculture field with support in terms of land, personnel training, investment subsidies, etc., and provide consulting services, application of high-tech support, and transport tariff subsidies. In the past 10 years, Vietnam's agricultural and rural credit growth has increased by nearly 22% annually.