Support of agricultural insurance fees extended until year-end
All poor and near-poor households that are involved in agricultural production will continue to be supported with 90 percent of agricultural insurance fees until the end of 2021, instead of December 31, 2020.
Hanoi (VNA) – All poor and near-poor households that are involvedin agricultural production will continue to be supported with 90 percent ofagricultural insurance fees until the end of 2021, instead of December 31,2020.
The information was said in a decision recently issued by PrimeMinister Nguyen Xuan Phuc to revise and supplement several articles to DecisionNo.22 dated June 26, 2019 on implementing agricultural insurance supportpolicies.
The PM assigned the Ministers of Finance, and Agricultureand Rural Development, and heads of ministry-level agencies and Governmentagencies, and chairpersons of local People’s Committees to take theresponsibility for enforcing the decision.
The new decision became effective on January 25./.
Total premiums collected by Vietnam’s insurance security companies surged 20.4 percent year-on-year to 84.19 trillion VND (3.71 billion USD) in the first ten months of 2017, according to the Ministry of Finance.
In spite of being implemented in 2011, the Government-supported agriculture insurance programme which aims to protect farmers against losses of crops and livestock has so far failed to attract farmers due to high premium and complicated procedures.
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The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
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Illustrative image (Source: VNA) 
