- News in Vietnam
- 5 January 2022
Invested nearly 2,700 billion VND to build an industrial park in Bac Giang
Capella’s 377-hectare Yen Lu industrial park project in Bac Giang has been approved for investment.
Deputy Prime Minister Le Van Thanh has just signed a decision approving the investment policy, construction, and infrastructure business of Yen Lu industrial zone, Bac Giang province. The investor is Capella Real Estate Joint Stock Company.
The project has a scale of 377 hectares. Total investment capital is about 2,692 billion VND. The investor’s contributed capital is 403.8 billion VND. Mobilized capital is more than 2,288 billion VND. The project duration is 50 years. The project implementation schedule must not exceed 36 months from the date of land allocation.
The Deputy Prime Minister asked Bac Giang province to ensure that the project’s agricultural land-use change is within the remaining target of land-use change. At the same time, the area needs to change the purpose of using land for rice cultivation by the provisions of the Land Law and guiding decrees.
Bac Giang also needs to ensure the accuracy of the information, reported data, and appraisal contents. They must implement the project by the approved planning.
With Capella, the Deputy Prime Minister asked businesses to contribute enough capital according to the committed schedule. Enterprises must deposit or have a bank guarantee to ensure the project implementation according to regulations.
Capella Real Estate Joint Stock Company was established in 2015. The main goal is to trade in industrial park infrastructure and attract investment. Previously, the enterprise has implemented many projects such as Thanh Liem industrial park phase 2 in Ha Nam with a scale of 143 hectares; Gia Binh in Bac Ninh 307 ha; Doan Bai – Luong Phong 2 industrial cluster, Bac Giang province 75 ha.