The Deputy Prime Minister has agreed in principle to invest in the construction and business infrastructure project of Bau Can – Tan Hiep Industrial Park (phase 1) in Dong Nai province. The project’s investor is Tan Hiep Industrial Park JSC.
Regarding the project’s total investment capital, the People’s Committee of Dong Nai province directs the Management Board of Industrial Parks in Dong Nai to instruct the investor to review, calculate, and determine the exact amount for the Bau Can – Tan Hiep Industrial Park (phase 1).
In terms of the project’s location, based on the proposed site by the investor, the Deputy Prime Minister requests the People’s Committee of Dong Nai province to specify the position and boundaries of the Bau Can – Tan Hiep Industrial Park (phase 1) within the approved master plan for Dong Nai province and the approved general construction plan for the Bau Can – Tan Hiep Industrial Park. This ensures phased investment, technical infrastructure connectivity, and no impact on the subsequent phases of the Bau Can – Tan Hiep Industrial Park.
The project’s duration is 50 years, commencing from the date of approval of the investment policy and the investor.
The Deputy Prime Minister requires Tan Hiep Industrial Park JSC to comply with environmental protection procedures as per the Law on Environmental Protection and its guiding documents. They must also provide a deposit or bank guarantee regarding the deposit obligation to execute the project. Additionally, a specific plan is necessary to recover short-term receivables and ensure sufficient owner equity for project implementation.
Who is behind the Tan Hiep Industrial Park?
According to our sources, Tan Hiep Industrial Park JSC was established in December 2020, with its head office located in Villa T1 of the Long Thanh Golf Course Urban Area. Its main business line involves real estate and the use of land owned, managed, or leased by the company.
With a charter capital of VND 2,680 billion, the company’s structure comprises Long Thanh Golf Investment and Business JSC holding 55%, Long Hiep Investment and Development JSC with 30%, and Mr. Le Van Kiem with 15%. The company is directed by Ms. Le Nu Thuy Duong (Mr. Kiem’s daughter) as General Director and legal representative.
 Ms. Le Nu Thuy Duong and Mr. Le Van Kiem
|
Previously, in July 2023, Deputy Prime Minister Le Minh Khai signed a decision approving the investment policy and investor for the Long Duc 3 Industrial Park project in Dong Nai province. The project occupies an area of 244.5 hectares, with an investment capital of VND 1,800 billion.
Long Duc 3 Industrial Park JSC was established on December 1, 2020, and is headquartered in Villa BH1 of the Long Thanh Golf Course Urban Area. Similar to Tan Hiep Industrial Park JSC, its primary business involves real estate and land use rights. With a charter capital of VND 270 billion, Nam Viet Long Investment and Development JSC contributes 30%, Long Thanh Golf Investment and Business JSC holds 55%, and Mr. Le Van Kiem owns 15%. The company is chaired by Ms. Tran Cam Nhung (Mr. Kiem’s spouse), who also acts as its legal representative.
Who is the real major investor in Long Duc 3 Industrial Park after surpassing TIP?
Preventing State Asset Loss
The Deputy Prime Minister requires the People’s Committee of Dong Nai province to ensure the accuracy of reported information and data, as well as compliance with legal regulations during the evaluation process. The project implementation must align with the approved master plans.
It is imperative to ensure that the project receives sufficient industrial land allocation according to the approved schedule and that it is included in the land allocation and zoning plan within the master plan for Dong Nai province. This should also be reflected in the annual land use plan for Long Thanh district, as approved by the competent authority and in accordance with land-related legal provisions.
| Previously, on December 25, 2020, the Prime Minister approved the proposal to adjust and supplement the planning of industrial parks in Dong Nai province. This included the addition of two industrial parks with the largest area in the province to date. Among them, the Bau Can – Tan Hiep Industrial Park spans over 2,600 hectares across two communes: Bau Can and Tan Hiep, in Long Thanh district. |
The People’s Committee of Dong Nai province is responsible for formulating and approving the general construction plan for the Bau Can – Tan Hiep Industrial Park. They should also coordinate with relevant authorities to identify the transportation routes within the project area to ensure that the construction of the industrial park does not hinder the implementation of these routes. In case of any discrepancies, they must promptly report to the competent authority for adjustments to the boundaries of the Bau Can – Tan Hiep Industrial Park.
Additionally, the Deputy Prime Minister emphasizes the importance of preventing state asset loss during the process of leasing land for project implementation. This should be done without conducting auctions for land use rights or investor selection for projects that do not involve the transfer of state assets.
Regarding the smaller and narrower plots of state-managed land (if any), it is crucial to ensure compliance with the criteria specified in Article 47 of the Government’s Decree No. 102/2024/ND-CP dated July 30, 2024, providing detailed regulations for the implementation of the Land Law.
The Big Reveal: Unveiling the Power Players Behind the $3 Billion Smart City Project in Dong Nai
The People’s Committee of Dong Nai Province has given the green light to a prestigious urban development project, the Hiep Hoa City project, located in Hiep Hoa Ward, Bien Hoa City. With a staggering total investment of over 72 trillion VND, this project promises to be a game-changer for the region.
The Two ‘Breath-Taking’ Interchange Nodes in Dong Nai to Undergo a Massive 13,000-Billion VND Makeover
Determined to tackle the long-standing traffic congestion issue, Dong Nai plans to invest over VND 13,000 billion to upgrade the busy intersection of Vung Tau and Gate 11.
Supporting Over 21,000 Workers and Businesses to Relocate from Bien Hoa Industrial Zone 1: A Comprehensive Guide.
The plan involves the relocation of 76 enterprises, employing over 21,000 people, from the Bien Hoa Industrial Zone 1. Of these, over 6,000 work in foreign-invested enterprises, while more than 15,000 are employed by domestic companies. The workforce in these enterprises is aged 30 and above.
The Art of Persuasion: Crafting Compelling Copy for Maximum Impact
Unveiling the Secrets Behind Effective Language and its Power to Captivate Audiences.
“Unraveling the Mystery: Why Dong Nai’s Land Prices Remain Unchanged”
The province of Dong Nai is witnessing a flurry of construction and development with numerous projects in the pipeline. With ongoing land compensation and clearance procedures, coupled with land price determination processes, the current land price schedule will remain in effect until the end of 2024.
The Slow Progress of the Bien Hoa – Vung Tau Expressway: Unraveling the Reasons Behind the Delay
The TPO – Bien Hoa – Vung Tau Expressway Project is facing a challenge with limited site area available for handover at this stage.
