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  • News in Vietnam
  • 25 March 2022

Construction and business investment in Tan Lap industrial zone infrastructures

Deputy Prime Minister Le Van Thanh of the Government has just signed a Decision No. 361/QD-TTg dated 18/3/2022 on the policy of construction and trade investment project of Tan Tap industrial zone infrastructure in Long An province. 

Accordingly, approving the investment policy in infrastructure construction and business of Tan Tap industrial zone, and at the same time recognizing Long An Investment and Development Joint Stock Company as the project investor.

The project has a scale of 654 hectares in Tan Tap commune, Can Giuoc district, Long An province.

People’s Committee of Long An province directs the Management Board of the economic zone of Long An province to request Investor to phase in the project investment, ensuring that each phase does not exceed 500 hectares; the next stage would be entitled to execute when the previous one reaches a minimum occupancy rate of 60%.

The project’s investment capital is 9,910.727 billion VND, of which, contributed capital of the investor is 1,486,609 billion VND, and mobilized capital is 8,424.118 billion VND.

The project’s operation duration is 50 years from March 18, 2022. The project implementation schedule must not exceed 60 months from the date receiving land from the State.

The People’s Committee of Long An province directs Management Board of the Economic Zone of Long An province and related agencies to guide the Investor to specify the progress of Project implementation and investor’s equity contribution in stages to ensure compliance with the provisions of the law on land while implementing the project.

The People’s Committee of Long An Province directs the Management Board of the Economic Zone of Long An Province and relevant agencies to request the Investor that during the implementation of the Project, any discovery of minerals having greater value than ordinary ones used construction materials has to be reported to competent state agencies for settlement in accordance with the law on minerals.

In addition, coordinating with investors to implement compensation and site clearance plans according to regulations; coming up with solutions related to living condition of workers working in industrial parks, in which planning to build houses, social, cultural, and sporting facilities for employees; job support and vocational training for people whose land has been recovered; implementing land acquisition in line with the project implementation schedule and attracting investment to minimize impacts on people whose land subject to the plan.

Long An Investment and Development Joint Stock Company (Investor) could implement the Project only if the conversion of the project’s land use purpose, which was previously for rice cultivation, has been approved by the competent authority in accordance with the law on land use, the law on management and use of rice-growing land, and the project obtains approval for environmental impact assessment from a competent state agency. 


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