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  • News
  • News in Vietnam
  • 30 May 2022

Hai Phong: Investing in the infrastructure of Tien Thanh Industrial Park with a scale of more than 410ha

The project has a scale of 410.46ha in Tien Thanh and Grade Tien communes, Tien Lang district, City. Hai Phong with a total investment of more than 4,597 billion VND.

Deputy Prime Minister Le Van Thanh has just signed a decision approving the investment policy of Tien Thanh Industrial Park’s infrastructure business and construction investment project, Tien Lang district, Hai Phong city.

The Deputy Prime Minister assigned the Ministry of Planning and Investment to be responsible for the report’s content on the appraisal of the project investment policy and perform the state management responsibilities in monitoring and directing the operation of industrial parks by the law.

City People’s Committee Hai Phong was assigned to ensure the accuracy of the information, reported data, and appraisal contents by law; implement the project by the planning approved by the competent authority; examine and determine the satisfaction of land lease conditions at the time of land lease; ensure the requirements for permitting the change of land use purpose during the land lease process, permitting the change of land use purpose for project implementation by the law on land.

At the same time, the Deputy Prime Minister asked the Hai Phong City People’s Committee to direct the Hai Phong Economic Zone Authority and relevant agencies to guide investors in specifying the investment capital scale and project implementation schedule at each stage.

In which, note the progress of the investor’s equity contribution to the project implementation to ensure compliance with the provisions of the law on land; supervise and evaluate the performance of the project, including the capital contribution and mobilization of investment capital in full and on time by the investor by the provisions of the law on land, enterprises, and real estate business and relevant legislation.

According to the decision, Tien Thanh Industrial Park Investment Joint Stock Company is the investor in the project. It is known that this company was established on August 18, 2020, with the main business of trading real estate and land use rights belonging to owners, users, or tenants. The company’s head office is located in Ninh Duy village, Khoi Nghia commune, Tien Lang district, Ho Chi Minh City. Mr. Nguyen Khoi represents Hai Phong at law.

Tien Thanh Industrial Park is one of 15 new industrial zones with  ​​over 6,200 hectares planned and implemented by Hai Phong in the period 2021 – 2025.

In 2021, Hai Phong will be the locality attracting the most FDI in the country, with a total registered investment capital of over 5.26 billion USD, nearly 3.5 times higher than in 2020. Most of this capital focus on industrial zones.

To continue to create space to attract big investors to Hai Phong, the locality has been implementing procedures to establish six new industrial zones with a total area of ​​2,758 hectares, including Xuan Cau Industrial Park and Nam Industrial Park project. Trang Cat, Thuy Nguyen Industrial Park, Tien Thanh Industrial Park, Expanded Trang Due Industrial Park, Giang Bien 2 Industrial Park.

(Source: vietnamfinance)