Project after project asked to sell shares to foreign investors
In early July 2024, the authorities of Quang Tri province issued a notice to meet the conditions for purchasing capital contribution to Trung Khoi Joint Stock Company (headquartered in Dong Ha City, Quang Tri Province). The enterprise that meets the conditions to buy the capital contribution of Trung Khoi Joint Stock Company is GREAT MASTER PTE.LTD with Mr. LUO JIN-JEN as director, with Taiwanese (Chinese) nationality.
Accordingly, investors from abroad spent 129 billion VND to buy 20% shares of Trung Khoi Joint Stock Company. This company has a charter capital of 645 billion VND, has many business lines and is implementing the Project of Investment in Construction and Infrastructure Business of Trieu Phu Multi-Industry Industrial Park in the coastal border area. Therefore, in the announcement on meeting the conditions for repurchasing capital contributions from foreign investors, the authorities of Quang Tri province requested investors to strictly comply with regulations on management of activities of people and facilities. Convenient in maritime border areas; regulations on foreigners working in Vietnam.
Also in 2024, Quang Tri province agreed to let the Huong Phung 2 Wind Power Plant and Huong Phung 3 Wind Power Plant projects sell 100% of their shares to Sembocorp Solar Vietnam Pte Company. Ltd from Singapore. The above two wind power projects have a capacity of 20MW (total investment capital of 1,125 billion VND) and 29.4MW (total investment capital of 1,581 billion VND), respectively, and were built in Huong Phung border commune (Huong Hoa district, Huong Hoa district). Quang Tri).
Similarly, the cluster of Gelex 1 Wind Power Plant, Gelex 2 Wind Power Plant, Gelex 3 Wind Power Plant (Gelex Quang Tri Energy Company Limited is the investor) is located in Huong Linh commune, in the border district. Huong Hoa (Quang Tri province) is also allowed to sell 100% of its shares to Sembocorp Solar Vietnam Pte. Ltd from Singapore.
In addition, solar power projects deployed in the coastal border area of Quang Tri province, and a number of wind power projects deployed in the border district of Huong Hoa also proposed to sell shares to investors from China. China, Taiwan (China) and is being considered by Quang Tri province.
Review and meet all conditions before agreeing with the proposal
According to the Department of Planning and Investment (DPI) of Quang Tri province, in Quang Tri province there are currently 21 active foreign direct investment projects with a total registered investment capital of 2,535 million USD. In addition to the form of investment in project implementation, some foreign investors invest in Quang Tri province in the form of capital contribution, share purchase, and capital contribution to economic organizations established in Vietnam. South, in which the rate of capital contribution to economic organizations operating in the energy field is the highest.
After receiving proposals to contribute capital, buy shares, and buy back capital contributions to established economic organizations, the Department of Planning and Investment of Quang Tri province will conduct appraisal and consider meeting the conditions for capital contribution and purchase. shares, buying capital contributions. After that, it will be proposed to the People's Committee of Quang Tri province. Once approved, investors will be notified.
In cases where economic organizations receiving contributed capital have land use rights certificates on islands, communes, wards, border towns and coastal communes, wards, towns and other areas that affect national defense and security, security, the Department of Planning and Investment has issued a document seeking opinions, or advised the People's Committee of Quang Tri province to have a document seeking opinions from the Ministry of National Defense, the Ministry of Public Security and relevant units.
“For projects implemented in sea and forest border areas with proposals to contribute capital, buy shares, and buy back capital contributions from foreign investors, the Department of Planning and Investment of Quang Tri province has conducted Appraise, review and seek opinions from relevant units very closely. At the same time, we also notify localities and relevant units based on assigned functions and tasks to monitor and supervise the business's operating process and compliance with the law" - leader of the Department of Planning and Investment of Quang province Information treatment.
