Agriculture sector acts to lure more investments

The Ministry of Agriculture and Rural Development (MARD) will continue reforming administrative procedures and improving the business environment to lure more investments into the sector this year.
Agriculture sector acts to lure more investments ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNA) – The Ministry of Agriculture and RuralDevelopment (MARD) will continue reforming administrative procedures andimproving the business environment to lure more investments into the sector thisyear, particularly hi-tech and organic agriculture.

According to Deputy Minister of Agriculture and Rural DevelopmentHa Cong Tuan, the MARD will review 508 administrative procedures and propose simplifyingor cutting out 287 out of these administrative procedures, or 56.5 percent.

It will also review a total 345 business and investment conditionsand propose that 118 of which be amended and cut out, equivalent to 34.2 percent.

Eighteen out of 40 specialised inspection procedures will bereviewed, while quarantine and clearance time will be shortened from 24 hoursto no more than four hours for goods transported by land or air and no morethan 10 hours for those transported by sea.

The ministry will continue the second phase of the National SingleWindow and ASEAN Single Window mechanisms at its five units, aimed atstreamlining administrative procedures.

In 2017, the MARD actively implemented Resolution 35/NQ-CP onsupporting and developing enterprises by 2020, and Resolution 19-2017/NQ-CPon the further implementation of key tasks and measures to improve the businessenvironment and enhance the national competitiveness in 2017, with avision to 2020, according to Tuan.

It focused on connecting enterprises on the basis of sectors, valuechains, and scales, and between local and international firms, while providingassistance for social businesses and startups.

Level 4 online public services were offered at the ministry’sDepartment of Plant Protection and Department of Livestock Production, one-stop-shoponline administrative procedure services were launched to support enterprises,and interactive services were enabled on the online portal of the ministry andits units’ websites to timely receive and address petitions.

The sector saw an increasing number of newly established firmswith 1,955 companies in 2017, raising the total number of businesses investingin agriculture to 5,700.

Many major groups poured billions of USD into hi-tech and organicagriculture as one of their key orientations and gained significantachievements in the sector.-VNA

VNA

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