The Deputy Prime Minister has just signed a Decision on the establishment of an industrial park with an area of 354,63 hectares.
Deputy Prime Minister Tran Hong Ha has just signed a decision approving the investment policy for the infrastructure construction and business project. industrial area Dong Phuc, Bac Giang province.
The project covers an area of 354,63 hectares and is being implemented in Dong Phuc and Tu Mai communes of Yen Dung district, Bac Giang province. The total investment capital is estimated at VND 3.731,713 billion, of which Investors will contribute about 559,757 billion VND.
Dong Phuc Industrial Park Infrastructure Development Joint Stock Company is the project investor with an operating period of 50 years from the date of receiving the decision on land allocation, land lease and conversion of land use purpose.
The People's Committee of Bac Giang province is assigned to direct the Management Board of Industrial Parks to specify the project implementation schedule in the Investment Registration Certificate. The implementation period must not exceed 48 months from the date of land allocation, land lease or change of land use purpose.
Relevant ministries and branches are responsible for appraising and approving projects within the scope of assigned functions and tasks, ensuring compliance with investment law provisions.
The People's Committee of Bac Giang province is also required to develop and implement plans for land recovery, compensation, resettlement support and conversion of land use purposes according to documents approved by competent authorities.
The Bac Giang Provincial Industrial Zones Management Board coordinates with relevant agencies to monitor and supervise the project implementation process. This work must ensure that it meets the requirements for protecting cultural heritage, monitoring environmental protection, especially the use and discharge of water resources, and complying with environmental and water resources laws.
On the investor side, Dong Phuc Industrial Park Infrastructure Development Joint Stock Company must take legal responsibility for the legality and honesty of the project documents and documents sent to the authorities. The investor must strictly comply with legal regulations during the project implementation process according to the approved decision, and at the same time build the infrastructure system according to the planning.
In addition, investors must ensure that their contributed capital is used as committed and comply with regulations on investment, land and real estate business. At the same time, they must fully meet the legal conditions for real estate business organizations according to current regulations.
Bac Giang is known as the “industrial capital of the North” thanks to its rapid economic growth in recent years. As of March 3, Bac Giang province has been approved by the Prime Minister to establish 2024 industrial parks with a total planned area of over 9 hectares and an occupancy rate of over 2.252%.
Source: Electronic newspaper "Nguoi Quan Sat"
