The investment policy of the project on construction and infrastructure business of the expanded Yen My II industrial park, Hung Yen province

Published on 01 - 06 - 2022
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On 27/5/2022, the Prime Minister issued the Decision No. 650/QD-TTg on the investment policy on the project on construction and infrastructure business of the expanded Yen My II industrial park, Hung Yen province.

According to the Decision, the investment project on construction and infrastructure business of the expanded Yen My II industrial park approves the investment policy, at the same time approving the investor with the following contents:

- Investor: Hoa Phat Hung Yen Industrial Parks Infrastructure Development Company Limited.

- Project's name: the investment in construction and infrastructure business of the expanded Yen My II industrial park.

- Project's objective: the investment in construction and business of industrial park infrastructure.

- Project's scale: 216 ha.

- The project's operation duration is made from the date the investor is granted the decision on investment policy and the approval of investors to June 2, 2065.

- Location of project implementation: Trung Hung commune, Trung Hoa commune and Yen My town, Yen My district, Hung Yen province.

- Project's schedule: no more than 36 months from the date of land handover by the State.

- Investment incentives, support and conditions of application: in accordance with current law.

The implementation for the People's Committee of Hung Yen province:

* Ensuring the accuracy of information, reported data, appraisal contents according to the provisions of law; carry out the project in accordance with the planning approved by the competent authority; the project's land use structure and environmental safety distance comply with the National Technical Regulations on construction planning and regulations on environmental protection;

* Receiving opinions from ministries and branches;

* Checking and identifying investors who meet the conditions for land lease by the State; ensuring the conditions are permitted by the State to change the purpose of land use for project implementation in accordance with the provisions of the law on land.

Directing relevant agencies to guide the investor in making documents and carrying out procedures related to the conversion of land use purposes for rice cultivation in accordance with the law on land, at the same time making a plan to supplement the land area or increase the efficiency of other rice-growing land to compensate for the converted rice-growing land according to the provisions of Article 134 of the Land Law.

The allocation and lease of land for small and narrow land parcels managed by the State must satisfy the criteria as specified in Clause 1, Article 14a of the Decree No. 43/2014/ND-CP dated May 15, 2014 of the Government detailing the implementation of a number of articles of the Land Law (added in Clause 11 Article 1 of the Decree No. 148/2020/ND-CP dated December 18, 2020 of the Government amending and supplementing a number of resolutions detailing the implementation of the Land Law);

* Directing relevant agencies to update the location and scale of land use area of the expanded​​ Yen My II industrial park into Hung Yen province planning in the period of 2021-2030, the provincial land use plan in 05 year 2021 - 2025 according to the provisions of the law on planning and the law on land; which ensures that the project's land use targets are within the national land use planning targets for the 2021-2030 period, with a vision to 2050, and the 5-year national land use plan 2021-2025 has been allocated by the Prime Minister to Hung Yen province in the Decision No. 326/QD-TTg dated March 9, 2022;

* Conducting land acquisition, compensation, site clearance, land lease, land use purpose conversion for project implementation in accordance with documents approved by competent authorities on scale, location and progress of the project. To ensure that there are no disputes or complaints about the rights to use the project site;

* Directing the Management Board of Industrial Parks of Hung Yen province and relevant agencies as follows:

- Monitoring and evaluating the project performance, including the investor's full and timely capital contribution to the project implementation in accordance with the provisions of the law on land and relevant laws.

- Requesting investors in the course of project implementation, if detecting minerals with higher value than the ones used as normal construction materials, they must report them to competent state agencies for settlement according to regulations of mineral law.

- Coordinating with investors in conducting compensation and site clearance plans according to regulations; carrying out solutions related to the life of employees working in industrial parks, including plans to build houses, social, cultural and sports facilities for employees; job support and vocational training for people whose land has been recovered; implement land acquisition in accordance with the project schedule and attract investment in order to minimize the impact on the people whose land has been recovered.

The effective time of the decision approving the investment policy and the investor: This decision takes effect from the date of signing.

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