The Prime Minister has just issued Decision No. 218/QD-TTg approving the investment policy and investor of an industrial park project in Ba Ria - Vung Tau province.
According to the decision, the HD industrial park project with a scale of 450 hectares in Hac Dich ward, Phu My town, Ba Ria - Vung Tau province was approved for investment; the goal is to build and operate the technical infrastructure of the industrial park. At the same time, the investor was approved as HD Industrial Park Investment and Development Joint Stock Company.
The total investment capital of the project is 4,980 billion VND (of which, the investor's capital contribution is 750 billion VND). The project's operation period is 50 years from the date of approval. The project implementation progress is no more than 48 months from the date of land handover by the State.
The Prime Minister also assigned the People's Committee of Ba Ria - Vung Tau province to direct competent agencies to guide investors in developing investment phase plans; and ensure the progress of land allocation for the project in accordance with the industrial park land quota, in the land use plan for 2021-2025 and the period of 2026-2030 allocated by competent authorities to the locality.
Investors must fully comply with environmental protection procedures. For the project area located in the Chau Pha reservoir basin, investors are only allowed to implement after the People's Committee of Ba Ria - Vung Tau province confirms that all conditions related to the protection of domestic water reservoirs in the area are met. In case of failure to meet, investors are responsible for adjusting the area according to the commitment and relevant legal regulations.
