Excluds small and medium hydropower plants from the list of investment incentives

From  Feb 10th 2014 , the investment of small and medium hydropower plants, ecotourism, entertainment and business centers,  supermarkets, ... in rural areas will not be entitled to get investment ...

From  Feb 10^th 2014 , the investment of small and medium hydropower plants, ecotourism, entertainment and business centers,  supermarkets, ... in rural areas will not be entitled to get investment preferences.

La Krei hydropower plant (Gia Lai) with a capacity of 5.5 MW, which had a dam  broken, is - one of the small hydropower plants licensed and managed by Provincial People's Committee

Government has just issued   Decree No. 210/2013/ND-CP  regulating  new policies about encouraging and giving preferences for business to invest in agriculture and rural areas in order to replace the   Decree  No. 61/2010/ND-CP.

Accordingly, since Feb 10^th 2014 (when the Decree  No. 210 had effect), investment of small and medium hydropower plants (scale up to Group B ) would be excluded from the list of special investment incentives in the field of agriculture and rural areas.

Along with the small and medium hydropower plants, some kinds of project such as  construction of eco-tourism destinations, national tourist areas, cultural parks, recreations, commercial infrastructure constructions, supermarkets, etc in the countryside would be also excluded from the list of investment projects in the agricultural sector which are entitled to special investment preferences.

Previously, according to  the  Decree  No. 61/2010/ND-CP, the investment of small and medium hydropower plants and projects above  were enjoyed special priority because of the investments in agriculture: Exempting or reducing  from 50% to 70% of using land fee, supporting renting land  money of farmers and other preferential policies .

Besides some projects would be removed from the list of investment incentives,  the Decree No. 210 also regulates specific  rate and maximum support of government for each type of incentive projects. Therefore, the investment of livestock projects which have concentrated scale (from 1,000 pigs, or 500 buffaloes, cows and goats, etc)...) may receive grants from the state budget with 3billion VN dong/project. Investments of concentrated breeding high yielding dairy cows projects (from 500  cows) would be supported 5 billion  VN dong each