End of the billion-dollar paper mill project of Tan Mai Group

Warehouses under construction at Tan Mai Pulp and Paper Mill project – Kon Tum – Photo: HP

On January 8, a leader of the Kon Tum Provincial People's Committee confirmed that the Provincial People's Committee had just issued a notice to reclaim nearly 58 hectares of land leased to Tan Mai Group Joint Stock Company for the Tan Mai - Kon Tum Pulp and Paper Mill project in Dak To town, Dak To district.

Kon Tum Provincial People's Committee assigned Kon Tum Provincial Economic Zone Management Board to manage the recovered land area according to regulations.

The reason for land reclamation is that Tan Mai Group Joint Stock Company violated the land use schedule according to the provisions of the Land Law but did not meet the conditions for land use schedule extension.

Specifically, this project has been transferred to a new investor, Tan Mai Tay Nguyen Joint Stock Company, but this investor is not yet qualified to complete land procedures according to the approved investment project.

Previously, in September 2021, the Department of Natural Resources and Environment of Kon Tum province issued a notice to reclaim part of the land area of ​​the Tan Mai - Kon Tum Pulp and Paper Mill project with a reclaimed area of ​​100 hectares.

The reason for the 100ha recovery is that the investor proposed to reduce the project's land use demand from 157.76ha to 57.76ha.

Current status of unfinished construction at the billion-dollar paper mill project of Tan Mai Group - Photo: HP

It is known that in 2009, Tan Mai Pulp and Paper Mill project started construction on an area of ​​157 hectares in Kon Tum province. The project has an expected capacity of up to 130,000 tons/year, with an investment of nearly 1,900 billion VND.

At that time, this was a large-scale investment project in Kon Tum province, expected to bring nearly 7,000 jobs to local workers, contributing to hunger eradication and poverty reduction...

However, after starting construction, the project fell into a deadlock, construction was unfinished and then stalled for a long time. Up to now, this project has undergone many progress adjustments and changes in investment certificates, reducing the capital scale to 1,300 billion VND but there are no signs of completion.

Tan Mai Group Joint Stock Company, formerly known as Vietnam Paper Industry Company, was once a big name in the paper industry nationwide and was proud to be the only newsprint factory in Vietnam.

Source: https://tuoitre.vn/cham-dut-du-an-nha-may-giay-ngan-ti-cua-tap-doan-tan-mai-20250108171026944.htm