Specifically, approving the investment policy of the project to invest in the construction and operation of the technical infrastructure of Thinh Phat Industrial Park, as well as approving the investor as Thinh Phat Investment Corporation.
The project is implemented in Luong Binh commune, Ben Luc district, Long An province, with a land area of 112.87 hectares.
Total investment capital of the project is VND 1,443.122 billion, of which the investor’s contribution is VND 268.5 billion.
The project’s operation period is from March 11, 2024, to November 28, 2055.
The People’s Committee of Long An province directed the Management Board of Long An Economic Zone and related agencies to review and ensure that the project implementation area does not have tangible cultural heritage or affect intangible cultural heritage in Long An province; comply with the requirements of preserving and promoting the value of cultural heritage and the conditions according to the provisions of the law on cultural heritage.
Guidance, inspection, and supervision of investors shall be carried out according to the approved planning of Thinh Phat Industrial Park, ensuring the location, size, and area of the project comply with the approved investment policy; the land use structure of the project and the environmental safety distance comply with the National Technical Standards for construction planning and other relevant regulations.
Requirements for investors: (i) during the project implementation process, if it is discovered that valuable minerals higher than minerals used as construction materials, it must be reported to the competent state authorities for settlement in accordance with the law on minerals; (ii) coordinate in compensation, support, resettlement, and investment in housing, social, cultural, and sports facilities for workers in the industrial park; (iii) develop a plan to connect infrastructure between the existing Thinh Phat Industrial Park and the expanded Thinh Phat Industrial Park; (iv) solicit opinions from relevant ministries and Long An Provincial People’s Committee.
Inspect and determine if the investor meets the conditions for leasing land granted by the State at the time of land lease, closely monitor the project implementation progress, the use of owner’s capital according to commitments, and the compliance with conditions of the investor according to regulations.
Thinh Phat Investment Corporation (the investor) is responsible for the legality, accuracy, and truthfulness of the project dossier and documents submitted to competent state agencies.
Use owner’s capital as committed to implement the project and comply with regulations on land and other relevant laws; fully comply with the conditions specified in Clause 2, Article 4 of Decree No. 02/2022/NĐ-CP when operating the infrastructure of industrial zones.
Only implement the project after satisfying the conditions according to the law, including obtaining the authority’s permission for the conversion of paddy land use purposes and being responsible for the payment to protect and develop paddy land.
