Incentive Policies For High-Tech Agriculture In Vietnam: Current Situation And Implications

Facing various challenges in agricultural sector such as decrease agricultural lands, shrinking labor supply, low agricultural productivities and food safety, the government of Vietnam has recently introduced a number of incentive policies for promoting high-tech agriculture to ensure the sustainable growth of the agriculture. However, the number of hi-tech agricultural enterprises in Vietnam remains modest and the high-tech agricultural products contribute a small share of the total. The analysis results show that the current policies on high-tech agriculture have limitations such as unspecific definition and criteria for determining the high-tech projects, complicated procedures to access to the preferential loan, unspecific subsidies on human training, etc.,. For better promoting the high-tech agriculture in Vietnam in the future, the incentive policies should diversify the capital sources for high-tech agriculture, specify the definition and criteria for the high-tech projects, provide the specific guidance and subsidies for human resource training and simplify the procedures for better access to the preferential loans for high-tech agriculture.

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