The Hiệp Thạnh Industrial Zone covers an area of 495.17 hectares. The investor of the project is the Vietnam Rubber Industry Group – Joint Stock Company.
The land use scale of the project is 495.17 hectares (excluding the areas of Xom Bo – Bau Don road, N8 irrigation canal, Gò Dầu – Xa Mát expressway and Ho Chi Minh City – Tay Ninh railway passing through the project).
The project is implemented in Da Hang hamlet and Giữa hamlet, Hiệp Thạnh commune, Gò Dầu district, Tây Ninh province.
Tây Ninh is located in the gateway connecting Ho Chi Minh City and the capital city of Phnom Penh, the Kingdom of Cambodia, and is one of the provinces in the Southern key economic region.
The total investment capital of the project is 2,350 billion VND, in which the investor’s contributed capital is 352.5 billion VND.
The project’s duration is 50 years from the date when the project was approved for investment policy and the investor was approved (on March 1, 2024).
The Prime Minister assigned the People’s Committee of Tây Ninh province to direct the Management Board of Tây Ninh Economic Zone to coordinate with relevant agencies to guide investors to invest in the project in phases in accordance with the land target of the industrial zone in the national land use plan until 2025 allocated by the Prime Minister in Decision No. 326/QD-TTg and its adjustments (if any), ensuring effective land use and attracting investment into Hiệp Thạnh Industrial Zone. The subsequent phase will be implemented only after the previous phase is invested in construction according to the schedule, achieving the occupancy rate as prescribed, and attracting investment for the following phase.
The State Capital Management Board in enterprises is responsible for the Vietnam Rubber Industry Group – Joint Stock Company’s use and mobilization of capital to invest in the project, ensuring the investment efficiency, preservation and development of state capital during the investment process, and performing supervision, inspection and examination of investment activities, management, and use of state capital in enterprises in accordance with the provisions of the Law on Management and Use of State Capital Invested in Production and Business at Enterprises.
The People’s Committee of Tây Ninh province shall inspect and determine whether the investor meets the conditions for leasing land from the state at the time of land lease, ensuring the conditions for the state to permit the change of land use purpose to implement the project in accordance with the regulations on land.
The organization shall construct and implement plans for land recovery and change of land use purpose in accordance with the sequence, procedures, and regulations on land, implement the construction of workers’ housing, service works, and public utilities for workers working in the industrial zone, support employment and vocational training for workers who lose their jobs due to rubber tree planting.
The People’s Committee of Tây Ninh province directed the Management Board of Tây Ninh Economic Zone and relevant agencies to review and ensure that the planned area for implementing the project does not have tangible cultural heritages or affect intangible cultural heritages in the province, in line with the requirements for protection and promotion of cultural heritage values and the conditions as prescribed by laws on cultural heritage.
If high-value minerals that are more valuable than minerals used as normal construction materials are discovered during the project implementation, the investor must report to the competent state agency for resolution in accordance with regulations on minerals.
The Vietnam Rubber Industry Group – Joint Stock Company (the investor) commits not to file a lawsuit and comply with the provisions of the law in case: (i) the rubber tree land currently managed and used by Tây Ninh Rubber Joint Stock Company is determined by the competent authority to be state property and must be handled in accordance with the law on state property, different from the contents of this Decision; (ii) results of reviewing and completing land procedures that change the content of this Decision.
The project can only be implemented after the competent agencies complete the review, arrangement, and handling of state assets within the project scope and lease the land for project implementation without going through auction or bidding to select investors in accordance with the law on management and use of state assets, including Decree No. 167/2017/ND-CP and Decree No. 67/2021/ND-CP, and relevant regulations, and after switching the land use purpose from rubber tree land to non-agricultural land to implement the project.
Prepare a phased investment plan for the project, ensuring compliance with the land target of the industrial zone in the national land use plan for the period of 2021-2025 allocated by the Prime Minister in Decision No. 326/QD-TTg and its adjustments (if any), ensuring sufficient capital contribution to implement the project in accordance with the committed schedule and comply with the provisions of the law on land.
Carry out environmental protection procedures in accordance with the provisions of the law on environmental protection and related guidance documents.
Sign a deposit or have a bank guarantee for the deposit obligation to ensure the project’s implementation in accordance with the regulations on investment.
