Nearly 1.8 trillion VND invested in infrastructure construction for My Thai Industrial Park (Bac Giang).

My Thai Industrial Park Landscape Planning Map.

The decision clearly states: Approving the investment policy of the project to invest in construction and business of infrastructure of My Thai Industrial Park, Lang Giang District, Bac Giang Province, and at the same time approving the investor as Viet Uc Steel Joint Stock Company.

The project aims to invest in the construction and operation of industrial park infrastructure, with a project area of ​​159.97 hectares; investment capital of VND 1,798.3 billion, of which the investor's contribution is VND 300 billion.

The project's operating period is 50 years from the date of the decision to allocate land, lease land, or change land use purpose.

The project will be implemented in My Thai commune, Voi town, and Duong Duc commune, Lang Giang district, Bac Giang province.

Regarding the project implementation schedule, the Deputy Prime Minister instructed the People's Committee of Bac Giang province to direct the Management Board of Bac Giang Provincial Industrial Parks to specify the project implementation schedule in the Investment Registration Certificate, but not exceeding 30 months from the date of the decision on land allocation, land lease, or land use purpose conversion.

The People's Committee of Bac Giang province is responsible for organizing the construction and implementation of the plan for land acquisition, compensation, resettlement support, land use conversion, and land leasing for the project, in accordance with the documents approved by competent authorities regarding the scale, location, and progress of the project; ensuring there are no disputes or claims regarding the right to use the project site.

The Deputy Prime Minister requested the People's Committee of Bac Giang province to seriously fulfill its responsibility to supervise and evaluate investment projects by state management agencies on investment as prescribed. Implement solutions to ensure the project is implemented according to the schedule in the Investment Policy Decision; in case the project does not meet commitments and the schedule, resolutely handle the suspension or partial suspension of project activities as stipulated in point d, clause 2, Article 47 of the Investment Law, terminate or partially terminate project activities as stipulated in points a and d, clause 2, Article 48 of the Investment Law, and bear full responsibility if infrastructure projects are delayed in implementation or land is not put into use as prescribed by investment law and land law. Ensuring the quality of the industrial park's technical infrastructure is synchronized and modern according to the approved industrial park construction zoning plan, creating industrial land to attract investment in Bac Giang province, preventing land waste and complex complaints and disputes arising from delayed projects.

The Vietnam-Australia Steel Joint Stock Company (the investor) is responsible for using its contributed equity capital to implement the project in accordance with its commitments; complying with the laws on investment, land, real estate business, and other relevant laws; fully meeting the conditions for organizations engaged in real estate business as stipulated in points b and c, Clause 2, Article 9 of the Law on Real Estate Business and Clause 1, Article 5 of Decree No. 96/2024/ND-CP. It is also responsible for paying a sum of money to the State to compensate for lost rice cultivation land or to increase the efficiency of rice cultivation land use as prescribed. Furthermore, it must fully comply with all environmental protection procedures as required.

Source: https://kinhtedothi.vn/dau-tu-gan-1-800-ty-dong-xay-dung-ha-tang-kcn-my-thai-bac-giang.html