At the working session

At the meeting, a representative of COT Group said that after a period of survey, the Group has chosen Hung Yen as a location for investment expansion. According to the plan, in the first phase, COT Group will lease 6.6ha of land in Thang Long II Industrial Park to invest in the construction of the project. In the next 5 - 8 years, the Group will expand its investment scale with a land use demand of about 20 hectares, with a total investment capital of about 500-800 million USD. To serve production, the Group invests the most advanced equipment in production lines. The Group wishes to learn about the investment environment, legal procedures according to Vietnam's regulations, and preferential policies of the province in land leasing. In addition, the Group wants the province to create favorable conditions in completing the processes and procedures for land allocation, land lease, construction permit...

Speaking at the meeting, Vice Chairman of the Provincial People's Committee Nguyen Hung Nam emphasized that the province is always interested in creating favorable conditions for businesses to invest in the area. With COT Group's investment plan in the province, Vice Chairman of the Provincial People's Committee affirmed that the province will accompany the Group in the investment process; requested the infrastructure investor of Thang Long II Industrial Park to urgently complete the procedures for paying land use fees; coordinate with provincial departments and branches to complete legal procedures to create favorable conditions for businesses to invest in the area. As soon as the infrastructure investor of Thang Long II Industrial Park fulfills its financial obligations, the province will issue a certificate of land use rights for the expanded area in Thang Long II Industrial Park. During the investment process, COT Group cooperates with the infrastructure investor of Thang Long II Industrial Park and departments and branches to complete investment procedures; the investment process must strictly comply with the provisions of Vietnamese law. The province will support the content of progress that COT Group and the infrastructure investor of Thang Long II Industrial Park have signed. Departments, branches and localities urgently complete legal procedures so that the infrastructure investor of Thang Long II Industrial Park can soon have enough grounds to attract businesses to invest in the IP.