Approval of investment policy and investor of WHA Smart Technology 2 Industrial Park project - Thanh Hoa

Thieu Hoa district leaders work with WHA group.

The project is invested by WHA Industrial Zone Thanh Hoa Joint Stock Company - a unit under WHA Vietnam Group. The total land use area is nearly 175 hectares in the communes of Thieu Giang, Thieu Quang, Thieu Thinh and Thieu Hop, Thieu Hoa district.

The total approved investment capital is up to 1,450 billion VND (equivalent to 58 million USD), of which the investor's contributed capital is 225 billion VND, accounting for about 15.5%, the rest is capital mobilized from other sources.

The project's operating period is 50 years from the date of land allocation or land lease decision. Construction progress and infrastructure completion are expected to not exceed 36 months.

According to the Thanh Hoa Provincial People's Committee, the approval of the investment project of WHA Smart Technology 2 Industrial Park aims to create a synchronous and modern investment environment, attracting high-tech projects and supporting industries with high added value, thereby contributing to improving the competitiveness of industrial parks in the province and the entire North Central region. The project is also a premise for the development of key industries, promoting economic restructuring towards industrialization and modernization.

To ensure investment progress and efficiency, the Provincial People's Committee assigned the investor the responsibility to strictly comply with legal regulations related to land, real estate business, environment and natural disaster prevention. At the same time, the investor must complete investment procedures, deposit funds to ensure project implementation, and coordinate with local authorities in compensation, site clearance and resettlement for affected people. The investor also needs to arrange sufficient financial and human resources to implement the project as committed.

Planning map of Giang Quang Thinh Industrial Park.

Thanh Hoa provincial departments and branches and Thieu Hoa district People's Committee are assigned to coordinate to support investors in completing administrative procedures, ensuring planning, environmental protection, electricity and water supply, traffic connection and other technical infrastructure; at the same time, supervise the implementation of the project in accordance with legal regulations, to ensure the project is implemented smoothly and maximizes investment efficiency.

Thanh Mai (Contributor)

Source: https://baothanhhoa.vn/chap-thuan-chu-truong-dau-tu-va-nha-dau-tu-du-an-khu-cong-nghiep-wha-smart-technology-2-thanh-hoa-248770.htm