Seeking Investors for Hanoi’s New 66.5-Hectare Industrial Park Development

The Mai Dinh Industrial Cluster project, approved by the Hanoi People's Committee in 2007, faced challenges that led the initial investor to withdraw. Determined to bring the project to life, the Soc Son People's Committee is now seeking a new investor to take the helm and drive the development forward.

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The Soc Son People’s Committee (Hanoi) has recently issued a plan to select an investor for the construction of technical infrastructure and the establishment of the Mai Dinh Industrial Cluster in Mai Dinh Commune, Soc Son District.

According to the plan, the Mai Dinh Industrial Cluster project was approved by the Hanoi People’s Committee in 2007. However, due to certain difficulties and obstacles, the original investor, Hanoi Housing Investment and Development Corporation, requested to terminate their investment activities, which was approved by the Hanoi authorities.

The Hanoi People’s Committee has now allowed the Soc Son People’s Committee to continue seeking investors for the establishment and development of the technical infrastructure for the Mai Dinh Industrial Cluster.

Spanning an area of 66.5 hectares, the Mai Dinh Industrial Cluster is strategically located with its northern boundary extending to the end of the inter-communal road, the eastern boundary abutting Road 3A, and the southern boundary bordering Mai Noi Village in Mai Dinh Commune.

The project has received approvals from the Hanoi People’s Committee for its detailed planning (at a scale of 1/500), investment project, and project adjustments. The land for the project has also been allocated.

Artistic rendering of the Mai Dinh Industrial Cluster project

During the implementation process, the Hanoi People’s Committee entrusted Hanoi Housing Investment and Development Corporation with 518,926 square meters of land for the development of technical infrastructure for the small and medium-sized industrial cluster in Soc Son District. The investor has completed land clearance for a portion of the allocated area. However, the land clearance process has been halted since 2008.

The Soc Son People’s Committee has requested that the original investor, Hanoi Housing Investment and Development Corporation, coordinate with relevant agencies and units to agree on a plan to reimburse the investment costs incurred for the project, in accordance with regulations. Additionally, they are to prepare a handover dossier, including the area where land clearance has been completed, along with detailed information on the project’s progress.

The new investor will be responsible for assuming all financial rights and obligations associated with the investment costs incurred by the previous investor, in compliance with applicable laws. They will also commit to expediting the land clearance process and ensuring the timely operation of the project.

SOURCEcafef
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