POLICIES TAKE EFFECT SINCE JUNE

Farmers classified as poverty shall receive up to 90% subsidy of insurance premiums, according to the Government’s Decree No. 58/2018/ND-CP on agricultural insurance dated April 18, 2018 and scheduled to take effect since June 5.

Organizations, which apply high technologies in large-scale agricultural production shall receive up to 20% of insurance premium subsidy, the Decree stipulates.

The issuance of the Decree aims to improve the quality of enforcing the national target program on building new-style rural areas in association with restructuring the agriculture sector.

The Government issued Decree No. 59/2018/ND-CP dated April 20, 2018 amending and supplementing a number of articles of Decree No. 08/2015/ND-CP dated on January 21, 2015 on customs procedures and customs control.

The Decree will take effect since June 5.

Decree No. 63/2018/ND-CP, which was issued on May 4, 2018 and takes effect since June 19, stipulates investor’s equity ratio in public-private projects.

Accordingly, investors are responsible for contributing and mobilizing capital for project implementation.

For project with total investment capital of up to VND 1,500 billion, the equity capital that investor must maintain is at least 20% of the total investment capital.

For project with total investment amount of more than VND1,500 billion, investor must maintain at least 20% for portion of up to VND1,500 billion and at least 10% for investment portion that exceeds VND1,500 billion.

Under Decree No. 64/2018/ND-CP dated May 7, 2018, violation in the field of domestic animal and aquaculture feed shall be fined up to VND 200 million.

The Decree will take effect since June 22.

The Government will provide financial support worth up to VND 10 million for each ha of newly planted forest since June 19, according to Circular No. 02/2018/TT-BKHDT of the Ministry of Planning and Investment.

The Circular was promulgated to detail implementation of the Prime Minister’s Decision No. 38/2016/QD-TTg on some policies for forest protection and development.

Source: VGP

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