Government Approves Investment Policy for Tai Binh VSIP Industrial Park Project

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Deputy Prime Minister Tran Luu Kuang has just signed Decision No. 1004/QD-TTg dated August 29, 2023 approving the investment policy of Tai Binh VSIP Industrial Park Investment Project, Construction and Infrastructure Business (Project).

Accordingly, the project investor is the Vietnam-Singapore Joint-Stock Company for the Development of Urban and Industrial Parks.

The project is being implemented in An Tan Commune, Tuy Truong Commune, Tai Tuy District, Thai Binh Province, with a land use scale of 333.4 ha, excluding Huu Hoa Estuary and Seawall 8 (7(7)..86). ha) and the reverse channel route (3.41 ha).

The Deputy Prime Minister instructed the Taibin Provincial People’s Committee to direct the Taibin Provincial Economic and Industrial Zone Management Council to coordinate with relevant agencies to guide investors through the investment phase of the project to ensure compliance with the guidelines. The target for land use of industrial zones in the national land use plan until 2025 is fixed by the Prime Minister of Thai Binh Province in Decision No. 326/QD-TTg of March 9, 2023 (Decision 326/TTg). ) and adjustment decisions (if any) in accordance with the Thai Binh Economic Zone Construction Master Plan approved by the Prime Minister and the Industrial Park Unit Construction Plan approved by the Thai Binh Provincial People’s Committee. corridors must comply with the provisions of the law on dams.

The investment capital is almost VND 5,000 billion.

The total investment capital of the project is VND 4,932,364 billion (equivalent to USD 211.872 million), of which the Investor’s contributed capital is VND 739,855 billion (equivalent to USD 31,781 million).

The Vice Prime Minister instructed the Ministry of Planning and Investment to take responsibility for the content of the investment policy assessment of the project and carry out the public administration of the industrial park in accordance with the provisions of paragraphs 3 and 4 of Article 33. , Paragraph i, Paragraph 2 of Article 69 of the Investment Law and the relevant laws.

The relevant ministries and departments are responsible for the content of the investment policy assessment of projects within their functions and tasks in accordance with the provisions of paragraph d.d. paragraph 3 of Article 69 of the Law on Investments and related laws.

The Ministry of Natural Resources and Environment is summarizing the land use norms of the project’s industrial zone into a plan to add industrial park land targets to the national land use plan for the period 2021-2025 for Thai Binh province and submitting them to the Ministry of Natural Resources. and Approval Environment. authorized for approval.

The Taibin Provincial People’s Committee ensures the accuracy of the information, reported data, and evaluation content in accordance with the provisions of the law; compliance of the Project with the approved layouts of the competent authorities; receive opinions from ministries and industries; provide conditions for permitting changes in the purpose of land use during the land lease process, allowing changes in the purpose of land use for the implementation of the Project.

At the same time, the Thai Binh Provincial People’s Committee instructs the relevant agencies to help the Investor prepare the dossier and carry out the procedures related to land conversion for rice cultivation in accordance with the provisions of Circular No. 09.2021 /TT-BTNMT; be responsible for organizing the development and implementation of plans for land restoration and change of land designation in the manner and manner prescribed by the land law, the cultivation law and the land management and use law for rice cultivation and related documents; comply with relevant master plans and land use plans; have solutions to establish another land fund or support vocational training, seek, create favorable conditions for resettlement, organize jobs for households whose cultivated land has been restored, or have other suitable solutions to ensure their livelihood and stabilize people’s lives; have a plan to replenish the land area or improve the efficiency of other land for rice cultivation in order to compensate for the converted land for rice cultivation in accordance with the provisions of paragraph 1 of Article 134 of the Land Law; ensure the consensus of people in the field of project implementation, avoid complex complaints and lawsuits; limit and strictly control the conversion of paddy land, especially wet rice land, to non-agricultural land in accordance with the Government’s order in Decree No. 115/NQ-CP of September 5, 2022.

For Project Land with Irrigation Works and Project Land with Road Works: Instruct relevant departments and investors to: (i) abide by the provisions of the Irrigation Law and its guidelines; comply with the provisions of Government Decree No. 43/2015/ND-CP of May 6, 2015 on the establishment and management of corridors for the protection of water sources; (ii) develop a plan to return the affected irrigation facilities in accordance with the rules, ensure that they do not affect agricultural production in the area, and not entrust the Investor with the management and use of this land; (iii) reviewing and ensuring that the irrigation works, road works under the project implementation are carried out in accordance with the provisions of the law, which has a plan that must be reviewed before issuing a permit. Changing the purpose of land use for the project implementation; the treatment of the road connecting the provincial road DT.461 to the dam should ensure that it does not affect the traffic on the dam and the protection of the dam along that route. If problems arise, they must immediately report them to the competent authorities for consideration and resolution.

If there is state property in the project area, the Thai Binh Provincial People’s Committee must comply with the provisions of the law on the management and use of state property, ensuring that there is no loss of property and the state budget.

The allocation and lease of land for small and narrow land plots administered by the state must comply with the criteria specified in paragraph 1 of Article 14a of Government Decree No. 43/2014/ND-CP of May 15, 2014. implementation of a number of articles of the Land Law (added in paragraph 11 of article 1 of Government Decree No. 148/2020/ND-CP of December 18, 2020, amending and supplementing a number of Decrees detailing the implementation of the Land Law).

At the same time, the Thai Binh Provincial People’s Committee instructed the Thai Binh Provincial Economic and Industrial Zone Governing Council and related agencies to: Review and ensure that the project area meets the protection requirements, promote the value of cultural property. heritage and the conditions provided for by the law on cultural heritage.

Instruct, inspect and supervise investors in accordance with the approved construction plan, ensuring that the location and size of the project area is consistent with the project investment policy approved by the competent authority. the design does not intersect with other layouts, complies with the provisions of the law on the protection of road infrastructure, the law on dams and other provisions of relevant laws; have a plan to meet the requirements of disaster prevention and control; The land use structure of the project and the environmental safety distance are in accordance with the national construction planning technical regulations and other relevant regulations.

Investors must ensure that sufficient capital is contributed

Vietnam-Singapore Urban and Industrial Parks Joint Stock Company (Investor) shall ensure that sufficient capital is contributed in accordance with its obligations to implement the Project and comply with the provisions of land laws; fully meet the conditions specified in Article 4 of Decree No. 02/2022/ND-CP and Article 9 of Decree No. 35/2022/ND-CP when carrying out construction, investment and infrastructure business activities. industrial floor. The creation of an economic organization for the implementation of the Project, proposed by the Investor in the project dossier, must comply with the provisions of the law.

Investors are allowed to implement the Project only after: (i) Thai Binh Province receives permission from the competent authority to replenish the land quota of the industrial zone for the period 2021-2025 in accordance with the law; (ii) the transformation of the purpose of using the rice land of the project is approved by the competent authority and is responsible for paying the amount of money for the protection and development of the rice land in accordance with the provisions of paragraph 3 of Article 134 of the Land Law. Government Decree No. 43/2014/ND-CP of May 15, 2014, detailing the implementation of a number of articles of the Land Law, and Government Decree No. 35/2015/ND-CP of April 13, 2015, on the management and use of land for the cultivation of rice; and No. 62/2019/ND-CP of November 7, 2019 of the Government, amending and supplementing a number of articles of Decree No. 35/2015/ND-CP.