Highlights

  • The country has nearly 500 thousand tractors with capacity of over 5 million horsepower (HP) – increase 4 times compared with 2001, there were 589 thousand threshing machine- According to the report of MARD — (9 / 2014)
  • $ 12.4 billion: Vietnam to spend every year to import agricultural materials for production
  • Apply the 5% VAT rate for machinery and equipment used for agricultural production, including plows, narrows, trans planters, seeders, rice threshers, reapers, harvesters Combine han/esting agricultural products, machines or pesticide sprayers (at point 2:10, Section ll, Part B of Circular No. 129/2008/ TT-BTC- General Department of Taxation)