Farmers' welfare and retirement system

ABSTRACT Vietnamese agriculture reforms were embedded into general economic reforms (Doi Moi) in 1986, enabling the country’s transition toward a market economy. Since 1988, they were implemented incrementally together with complementary instruments such as agricultural market liberalization and...
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The following is the translation of section 7 of “Agriculture Competitiveness Reinforcement Program” which was approved by the Agriculture, Forestry and Fisheries and Regions Vitalization Creation Headquarters (headed by Prime Minister Abe) in the Cabinet on 29th November 2016. The...
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Preferential tax treatment In the case of income tax or inhabitant tax, the rates of taxes are determined depending on the amount of taxable income without several deductions.  Farmers can deduce all the contributions for the FPS as well as those for the National Pension System.  Not...
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Operation of pension fund The pension fund for farmers who are paying contributions or waiting for the inception of benefits after they turn 60 years old is operated in the “Insured Person Account.”  In this account, the fund is invested not only to domestic bonds and stocks,...
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Source: Council of Agriculture (COA)   The Legislative Yuan passes third reading of the “Farmers’ Health Insurance Act”, particularly the article 5 amendments on December 14, 2015. The farmers’ association members and non-members participated in the agricultural...
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