According to Document No. 2139/TTg-KTN, this Project has a planned area of 1,000 ha in Hoi Nghia commune, Tan Uyen town and Tan Lap commune, Bac Tan Uyen district, Binh Duong province. The project implementation period is 50 years. Total investment is 6,407 billion VND.
As for Decision 40/QD-TTg issued on January 10, 2022, the adjusted project implementation location is: Hoi Nghia ward, Tan Uyen town and Tan Lap commune, Bac Tan Uyen district, Binh Duong province; Regarding the project implementation schedule, the Prime Minister assigned the People's Committee of Binh Duong province to direct the authorities and the investor to consider adjusting the scale of deployment in each phase to suit the progress of attracting investment, connecting infrastructure; building housing and facilities for workers of industrial parks, etc. The implementation of phase 2 will be deployed in case phase 1 has filled over 60% of the industrial land that can be leased, and the provincial People's Committee is assigned to consider allocating and leasing land for phase 2 when the conditions for phase 1 of the project are satisfied.
The Prime Minister also noted that the investor (Vietnam Singapore Industrial Park Joint Venture Company Limited) can only implement the project after the Ministry of Natural Resources and Environment approves the project's environmental impact assessment report in accordance with the law on environmental protection; Deposits or must have a bank guarantee on the escrow obligation to secure the implementation of the investment project in accordance with the provisions of the law on investment; Commits to not complaining and complying with the provisions of the Vietnam's law in the case that rubber land currently managed and used by Phuoc Hoa Rubber Joint Stock Company is determined by the competent authority of Vietnam to be a public property and must be handled in accordance with the law on property.
The People's Committee of Binh Duong province needs to comply with the order and procedures in the process of adjusting the Investment Registration Certificate, including the adjustment of the project implementation schedule; ensure that the Project is eligible to continue to be implemented in accordance with the law, to serve as a basis for consideration and adjustment of investment policies; implement the Project in accordance with the planning approved by the competent authorities; Ensure that the area of 691 ha currently managed by Phuoc Hoa Rubber Joint Stock Company is located in the area of the project that has been approved by the Prime Minister for investment policies and the remaining area of the Project is suitable with the related planning; ensure the conditions for land recovery and permit the change of land use purpose according to the provisions of the land law during the implementation of land procedures related to the Project.
At the same time, directing relevant agencies to update the location and scale of land use area of the Vietnam - Singapore III industrial park in the Binh Duong province planning for the 2021-2030 period, 5-year provincial land use plan (2021-2025) and submit to competent authorities for approval in accordance with the law on land and planning; Organizing the implementation of land recovery, compensation, site clearance, land lease, change of land use purpose to implement the Project in accordance with the documents approved by the competent authorities on the scale, area, location and implementation schedule of the Project; Ensuring that there are no disputes or complaints about the right to use the Project site, etc.
With a favorable strategic position connecting future investors with Dong Nai and Ba Ria - Vung Tau, adjacent to developed industrial parks such as VSIP I and VSIP II, as well as many other industrial parks around Binh Duong New City, the Vietnam - Singapore III Industrial Park (VSIP III) is expected when completed, it will soon become a green and high-tech industrial park in the center of the most vibrant industrial development in the Southern key economic region.
Translated by Nguyen Trang