Circular No. 82/2000/TT-BTC guides financial policies aimed at developing farm economies

CIRCULAR

Guidelines on financial policies to promote the development of farm economies economy of farm households

Pursuant to Resolution No. 03/2000/NQ-CP dated February 2, 2000 of the Government on Farm Economies;

Pursuant to Decree No. 51/1999/NĐ-CP dated July 8, 1999 of the Government detailing the implementation of the Law on Encouraging Domestic Investment (Amended);

To meet the requirements for developing farm economies towards gradually modernizing agricultural production in the direction of large-scale commodity production, improving living standards, and stabilizing employment for workers, the Ministry of Finance issues guidelines on financial policies to promote the development of farm economies as follows:

 1. Land incentives:

When using vacant land, barren hills, degraded land, and areas in natural water zones that have not been improved and are within the planning for farm development determined by the People's Committees of provinces and centrally-administered cities, the farm owners shall be exempted from or granted reductions in land use fees, land rental fees, and agricultural land use taxes according to Articles 17, 18, and 19 of Decree No. 51/1999/NĐ-CP dated July 8, 1999 of the Government detailing the implementation of the Law on Encouraging Domestic Investment (Amended).

2. Investment capital incentives:

Investments in developing farm economies shall be eligible for preferential loans from state credit programs for development according to the procedures and formalities stipulated for each specific program.

Investments in farms producing export goods; concentrated plantations of raw material forests, long-term industrial crops, and fruit trees; aquaculture and dairy farming; construction of irrigation systems serving production and daily life in farms; fertilizer production; biological insecticides; manufacturing agricultural machinery and power equipment; construction of processing facilities for agricultural, forestry, and aquatic products shall be eligible for investment loans from the State Development Support Fund; post-investment interest rate support; and investment credit guarantees according to the procedures and formalities stipulated in Decree No. 43/1999/NĐ-CP dated June 29, 1999 of the Government on state investment credit for development.

Policies for mobilizing capital to develop farm economies:

Farm owners may mobilize capital through various forms of bank loans and loans from organizations and individuals in accordance with current laws to create sources of capital for business development.

Within their assigned functions, tasks, and authorities, the People's Committees of provinces and centrally-administered cities shall allocate budgets to focus on developing farm economies; apply appropriate forms of capital mobilization such as issuing construction bonds, special lottery tickets to raise funds for infrastructure projects (after written agreement with the Ministry of Finance); and mobilize public labor for:

Investing in the construction of infrastructure: roads, water supply, electricity, schools, health stations, rural markets, trading centers for buying and selling agricultural products and agricultural supplies, new science and technology.

Creating conditions for farm owners to access and participate in domestic and international cooperation programs, trade fairs, and exhibitions.

Supporting the expansion and construction of new processing facilities in concentrated and specialized farm development regions.

Promoting the linkage between production, processing, and consumption facilities of various economic sectors, particularly between state-owned enterprises and cooperatives, farm owners, and farmer households.

This Circular takes effect fifteen days from the date of signature. Any difficulties encountered during implementation should be reported to the Ministry of Finance for study, consideration, and resolution./.