Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
YOU MUST Sign in with your USERNAME to POST
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

 VIETNAM Attact investment in the forestry sector

View previous topic View next topic Go down 
AuthorMessage
1alaskan
Elite Member
Elite Member


Posts : 4668
Join date : 2011-06-21
Age : 34
Location : Planet far far away

PostSubject: VIETNAM Attact investment in the forestry sector   Thu Jun 21, 2012 4:19 pm

Attact investment in the forestry sector

Favourable conditions and policies will continue to be offered to attract sustainable and environmentally sound private investment in the forestry sector, an official of the Ministry of Agriculture and Rural Developments forestry department has said.

Nguyen Nghia Bien, head of the departments planning division, said businesses which invested in reforestation and wood processing projects in targeted areas would receive tax exemptions.

"In addition, investors have received low-interest loans, support for transportation and personal income tax exemptions," Bien said.

Despite the incentives, investment in the sector had been limited, he added, with foreign investment accounting for only 1.2 per cent of the total forestry industry.

Private enterprises had invested in wood processing but paid little attention to sustainably forestry and afforestation, said the deputy head of the ministrys Forest Research and Planning Institutes northwestern region branch, Duong Van Coi.

"The investment trend could result in unsustainable development as most of the wood processed in the country is imported or illegally exploited from prohibited forests," Coi said. "Policies encouraging private sector to invest in forestry would create materials for wood processing and more stable development."

Private and foreign investment in the forestry sector had increased, with the former recently surpassing State investment, he noted. Last year, total investment in the sector reached VND704 trillion (US$33.5 billion), with VND278 trillion ($13.2 billion) coming from the domestic private sector, VND245 trillion ($11.6 billion) from State sources, and VND181 trillion ($8.6 billion) from foreign investment.

Forestry department statistics show that there are more than 2,300 non-governmental businesses operating in the sector in the north, including 54 major operators and the rest small- and medium-sized enterprises. Up to 88 per cent of all enterprises are engaged in wood processing, while only 4 per cent in reforestation.

Truong Loc Construction Investment and Commerce Co general director Hoang Van Huyen said the slow process to receive land use right certificates had created difficulties for companies seeking to do business in sustainable forestry.

"It has also been difficult to access bank financing, and the short-term nature of most loans were insufficient to allow time for reforestation," Huyen said.

"Forest land allocation policies that are unclear as to rights, investment and technical support have contributed to the problem," Coi agreed. "Theres an overlap among relevant agencies supervising forest land allocation."

"Forest land planning which was not suited to reality and the process of clarifying the distinction between protective and special function forests have slowed down forest land allocation," Bien added.

Households working in the sector, meanwhile, had been given two years to decide on reforestation methods and plans to sustainably exploit forests to which they had been assigned, he said. The Government would also assist households to borrow VND10 million ($476) for a five-year term to carry out their plans

http://www.vietnaminvestmentnews.info/news/48-attact-investment-in-the-forestry-sector.html

*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant


Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty
Back to top Go down
View user profile
 
VIETNAM Attact investment in the forestry sector
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: OTHER INVESTMENTS :: OTHER CURRENCIES - DONG - ZIM - YUAN - etc-
Jump to: