The authorities in Ben Luc district, Long An province, have recently facilitated compensation payments to residents of Thanh Phu commune for their land, which will be used to develop the Eco Retreat project – a commercial and eco-tourism urban area.
The total compensation for this project is estimated at VND 4,400 billion, including land compensation of over VND 3,686 billion, asset compensation of VND 251 billion, and support packages totaling VND 367.9 billion. The massive compensation fund reflects the project’s scale, with nearly 220 hectares of land being acquired, of which 205 hectares are agricultural land, 7.3 hectares are residential, and the remaining 7.2 hectares are public land.
On the day of the compensation payout, residents of Long An arrived early at the People’s Committee of Thanh Phu commune to register and receive their compensation. Almost everyone was satisfied with the amount they received, with many leaving with bags full of cash.
Banks were also present to assist residents in counting their substantial compensation amounts and offering attractive savings packages.
In May 2023, the People’s Committee of Long An province approved the preliminary assessment of the investor’s capacity and experience for the eco-tourism urban area project in Thanh Phu commune, Ben Luc district.
This project adds to the growing number of large-scale urban area projects in Ben Luc and Long An, some of which are already operational, while others are still under development.
Adjustment of toll fees for the BOT Provincial Road 830 Project back to the initial level
Starting from March 1, 2024, the service fee for using the road on the BOT Provincial Road 830 project will be adjusted back to the initial level as stipulated in the signed contract with the investor. After the price adjustment, the toll collection period for the project will be reduced from 19 years to 17 years and 7 months.
Average annual income of Long An residents is $4,000
Long An province’s economic growth in 2023 is projected to reach 5.77%, surpassing the national average. The province’s economy is ranked 13th in the country. The average per capita income is over 96 million VND, equivalent to 4,000 USD.
Long An’s new industrial zone worth 1.4 trillion VND
Prime Minister Le Minh Khai has signed Decision 226/QD-TTg on the investment policy for the construction and operation of the technical infrastructure of the expanded Thinh Phat Industrial Zone.
Long An Signs Significant Cooperation MOUs with South Korean Partners
In Seoul, the Republic of Korea, a conference on “Investment Promotion – Potentials and Opportunities for Attracting Investment in Infrastructure in Long An Province” was successfully held.
