Deputy Prime Minister Le Van Thanh signed the Decision No. 1370/QD-TTg on November 9th , 2022, on investment policy in infrastructure development investment project of Hai Long industrial park, Thai Binh province.

Infrastructure investment in Hai Long IP – Thai Binh province (illustration).

The above project is implemented in these communes: Dong Tra, Dong Long and Dong Xuyen commune in Tien Hai district, Thai Binh province with a total capital of 2,213,988 billion VND.

The project’s land use is 296.97 hectares. The Prime Minister requested the People’s Committee of Thai Binh province to direct the Management Board of economic zones and industrial zones of Thai Binh province to coordinate with relevant agencies in guiding investors (Bao Minh Industrial Park Infrastructure Investment Joint Stock Company) to phase the investment of the projects in order to ensure the compliance with the industrial park land target in the national land use plan to 2025, which was allocated by the Prime Minister to Thai Binh province in Decision No. 326/ Decision-TTg dated March 9th , 2022 and decisions on adjustment (if any); and in accordance with the general planning on construction of Thai Binh economic zone approved by the Prime Minister as well as the construction zoning planning of Hai Long Industrial Park approved by Thai Binh Provincial People’s Committee.

Investors must ensure to contribute the full amount of equity

The Deputy Prime Minister requested investor only implement the project after:

Conduct the conversion of land use purpose for rice cultivation to implement the project in accordance with the law on land and the law on management and use of rice land; submit an amount of money for protecting and developing rice land in accordance with the law and complete the procedures for environmental protection according to the provisions of the law on environment.

Simultaneously, deposit to implement the project; completely fulfill the conditions specified in Article 4 of Decree No. 02/2022/ND-CP dated January 6th , 2022 of the Government detailing the implementation of the Law on Real Estate Business when conducting business in infrastructure of industrial parks; ensure to contribute enough equity to implement the project, including the case when the enterprise invests in other projects and business activities outside of this project.

The Ministry of Planning and Investment is responsible for the contents assigned to expertise the project investment policy decision and perform the state management of industrial parks according to regulations.

Thai Binh Provincial People’s Committee ensures the accuracy of information and data reported; contents received, explain and expertise as stated by the provisions of law; to make sure that the project implementation is consistent with the zoning approved by the competent authority and does not overlap with other zonings; inspect and identify investors that meet the conditions to be land leased by the State at the time of land lease for project implementation…

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