Headlines 08/04/2021 08:09 SA

Sectors and industries receiving investment incentives are now prescribed in 2020 Investment Law

Kim Thi

This is the highlight of the Decree No. 31/2021/ND-CP prescribing details and instructions about implementation of the 2020 Investment Law.

The List of sectors and industries receiving investment incentives in the Appendix II to this Decree contains several additional sectors and industries. Below are several subsectors of the agriculture sector that are added to the List:

- Manufacturing of biological crop protection products;

- Production of organic fertilizers; Scientific researches and technology transfers for development of organic fertilizers;

- Cultivation and processing of agricultural, forestry and aquatic products in the form of links in the product chain or in the form of organic agricultural production;

- Manufacturing of handicrafts, bamboo and rattan, ceramic, glass, textile, fiber, embroidery, knitting products;

- Scientific research and technological development in the science and technology sector;

- Stocking and rearing original breeds, and preserving precious and rare livestock genetic sources and local livestock breeds.

Decree No. 31/2020/ND-CP is entering into force as of March 26, 2021.



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