Minh Ha Investment Co., Ltd. leased over 107,600m² of land to build an industrial cluster in Quoc Oai district.

The Nghia Huong industrial cluster (Quoc Oai district) has had its groundbreaking ceremony, but construction cannot yet begin due to a lack of land allocation procedures. Photo: Hoang Son

According to the Decision, the Hanoi People's Committee leased 107,664.3 m² of land in Nghia Huong commune, Quoc Oai district, to Minh Ha Investment Co., Ltd., after land clearance was completed as confirmed by the Quoc Oai District People's Committee. The location, boundaries, and area of the land for the project are determined in the overall land use planning map, scale 1/500, prepared by Vietnam Architectural Design and Consulting Investment Joint Stock Company in 2023 and approved by the Quoc Oai District People's Committee; and the boundary coordinate map handed over by the Department of Natural Resources and Environment (now the Hanoi Department of Agriculture and Environment) on November 9, 2021. The land use term is from the date the Hanoi People's Committee signed the land lease decision until June 26, 2070, and there will be no auction of land use rights or bidding for the selection of investors to implement the project using land as stipulated in the 2024 Land Law.

The land lease arrangement for the project is that the State leases the land with annual rent payments; in which the land area for the construction of shared infrastructure within the industrial cluster is in accordance with the approved master plan. Minh Ha Investment Co., Ltd. is not required to pay land rent as per regulations. For the industrial land area used for business and subleasing, Minh Ha Investment Co., Ltd. is exempt from land use fees during the basic construction period as per the approved project, but for a maximum of 3 years from the date of the land lease decision.

Minh Ha Investment Co., Ltd. is responsible for fulfilling its financial obligations, signing the land lease contract, carrying out procedures for applying for land use right certificates, constructing infrastructure, applying for construction permits; and constructing according to the plan, on schedule, for the intended purpose, and without affecting the irrigation system.

Previously, at the end of 2024, Minh Ha Investment Co., Ltd. collaborated with the People's Committee of Quoc Oai District to hold a groundbreaking ceremony for the project. However, due to the lack of land allocation, construction on this industrial cluster has not yet commenced…

Source: https://hanoimoi.vn/cong-ty-tnhh-dau-tu-minh-ha-thue-hon-107-600m-dat-xay-dung-cum-cong-nghiep-tai-huyen-quoc-oai-706803.html