Lam Dong approves 480 billion VND Agricultural Export Production and Processing Center Project

Lam Dong Provincial People's Committee has just approved the investment policy and approved the investor for the Phuc Sinh Dak Nong Agricultural Export Production and Processing Center Project.

Accordingly, the Phuc Sinh Dak Nong Agricultural Export Production and Processing Center Project is implemented in Thuan Tan village, Thuan Hanh commune, Lam Dong province. The investor is Phuc Sinh Dak Nong Joint Stock Company. The operating objective is to process coffee, pepper and other agricultural products.

This project has an expected land area of 26,958.3 m2; production capacity: 115,968 tons/year; products supplied include processed coffee: 9,600 tons/year, processed pepper: 4,800 tons/year and other agricultural products: 2,400 tons/year.

Total investment capital is 480 billion VND. Of which, investor's contributed capital is 96 billion VND, mobilized capital (borrowed from credit institutions) is 384 billion VND.

The Project's operation period is 50 years (from the date the Provincial People's Committee allocates land, leases land, and permits the change of land use purpose to implement the project investment).

Lam Dong Provincial People's Committee requested to complete land, environment, construction and related procedures to deploy construction investment no later than the first quarter of 2026; invest in construction and put construction investment items into operation no later than the second quarter of 2026 to the second quarter of 2027.

Investors are entitled to preferential policies according to current regulations of the Central and local governments. To enjoy investment incentives according to regulations, investors must properly and fully comply with the conditions according to the registered project schedule, regulations on environment, land, construction and other relevant legal regulations.

After the project is approved in principle for investment and the investor is approved, Phuc Sinh Dak Nong Joint Stock Company is requested to comply with the provisions of law on planning, investment, construction, land, environmental protection, minerals, labor, tax, electricity, road safety corridors and relevant legal provisions; only implement project investment when ensuring the conditions as prescribed by law.

During the project implementation process, the investor must closely coordinate with relevant departments, branches and local authorities to ensure security, order, national defense and thoroughly resolve any project issues that pose a risk to security and order (if any) according to regulations; deposit funds to ensure the implementation of the investment project according to regulations; fully perform financial obligations to the state according to regulations; the investor must not enter into joint ventures or partnerships with foreign partners, including overseas Vietnamese, during the project's operation period...

Source: https://baodautu.vn/lam-dong-chap-thuan-du-an-trung-tam-san-xuat-che-bien-nong-san-xuat-khau-480-ty-dong-d432398.html