Stop the entire Hoa Binh Sugarcane Factory project

(HBĐT) - On September 18, the Department of Planning and Investment issued Decision No. 99/QD-SKHĐT on suspending the entire Hoa Binh Sugarcane Factory project in Tan My commune (Lac Son) according to the provisions of Point d, Clause 2, Article 4, Investment Law 2020.

Project implementation was not in accordance with the investment certificate, the entire Hoa Binh Sugarcane Factory project was suspended.

The sugar factory invested by Hoa Binh Sugarcane Joint Stock Company after operating in Huu Nghi Ward, Hoa Binh City was relocated to Tan My Commune (Lac Son). The project was granted Investment Certificate No. 25121000487 by the Provincial People's Committee, dated June 8, 2015; the Department of Planning and Investment granted Business Registration Certificate No. 5400102862, dated August 5, 2005 (first time), registered for the 12th change on October 30, 2018.

According to Decision No. 99, the entire project will stop operating for 3 months from the date of signing the decision.

The reason for the suspension of the entire project is that during its operation, Hoa Binh Sugarcane Joint Stock Company has not fulfilled its tax obligations to the State budget. In addition, during the inspection of the project implementation on September 12, 2023, the company's sugar factory in Tan My commune was closed, inactive, and had degraded infrastructure. According to the reflection of the local Party Committee and government, during its operation, the company still owed about 1.2 billion VND for purchasing raw sugarcane from the people. Since 2018, the company's sugar factory has no more employees.

Thus, Hoa Binh Sugarcane Joint Stock Company implemented the project not in accordance with the investment certificate issued by the Provincial People's Committee with a production scale of 1,300 - 1,500 tons of sugarcane/day and 3,000 - 5,000 tons of bio-fertilizer/year.

MH

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Source: http://www.baohoabinh.com.vn/12/181960/Ngung-hoat-dong-toan-bo-du-an-Nha-may-mia-duong-Hoa-Binh.htm