Approval of investors for two industrial park infrastructure investment projects

The Provincial People's Committee has just issued an investment policy decision and approved investors for two major projects in Nam Phu Yen Economic Zone, including: Hoa Tam Industrial Park Infrastructure Investment and Construction Project - Phase 1 and Phu Yen High-Tech Industrial Park Infrastructure Investment and Construction Project.

Accordingly, the Hoa Tam Industrial Park Infrastructure Construction and Business Investment Project - Phase 1 is invested by Hoa Tam Industrial Park Infrastructure Development Joint Stock Company. The project has an investment capital of over VND 4,188 billion (investor's contributed capital is over VND 628 billion; mobilized capital is over VND 3,560 billion); the project scale is about 491.87 hectares.

The implementation location is in Hoa Tam commune, Dong Hoa town; the operation period is 70 years, from the date of land allocation or land lease by the competent state agency. The progress of basic construction and putting the project into operation or exploitation is 48 months from the date of land allocation or land lease by the competent agency.

For the Phu Yen High-Tech Industrial Park Infrastructure Investment and Business Project, the investor is N&G Group Joint Stock Company; with a total investment capital of nearly VND 2,370 billion (investor's contributed capital is more than VND 361 billion; mobilized capital is more than VND 2,007 billion); the project scale is about 251.6 hectares.

The project implementation location is in Hoa Hiep Bac ward, Dong Hoa town; the operation period is 50 years, from the date of land allocation or land lease by the competent state agency.

The progress of basic construction and putting the project into operation or exploitation is 54 months from the date of land allocation or land lease by the competent authority.

The investment objective of these two projects is to build and operate industrial park infrastructure; re-lease land use rights in industrial parks, and construct factories and office buildings in industrial parks for lease.

The Provincial People's Committee requires investors to be responsible for the legality and accuracy of the project investment proposal documents and documents sent to competent authorities; the project may only be implemented after meeting the conditions prescribed by law.

At the same time, the investor is responsible for advancing compensation, support and resettlement costs according to the compensation, support and resettlement plan approved by the competent authority; and refunding the state budget for compensation and site clearance costs for the cleared area in accordance with the provisions of law.

Relevant authorities and localities coordinate, support and supervise investors in implementation, ensuring completion progress and promoting the effectiveness of the project for local socio-economic development.

Source: https://baophuyen.vn/kinh-te/202505/chap-thuan-nha-dau-tu-hai-du-an-dau-tu-ha-tang-kcn-5a51e23/