In February 2024, the Provincial People’s Committee issued a decision on the construction planning subdivision of a new industrial park with a ratio of 1/2000. The park is expected to attract 25,000 workers, with a total factory and enterprise area of 316.1 hectares, occupying 68% of the planned area for the industrial park.
The project’s investment capital was approved by the Prime Minister in April 2022, totaling over VND 5,198 billion, including nearly VND 780 billion in investor contributions, and the remainder being mobilized funds. According to the feasibility study report, the total investment is nearly VND 6,232 billion, of which the investor contributes nearly VND 935 billion.
As per the Prime Minister’s decision, the project is scheduled to be implemented from the second quarter of 2023 to the second quarter of 2025.
Artist’s impression of Loc Giang Industrial Park. Source: EIA Report
|
To make way for the project, 147 households had to be relocated to the 9.5-hectare Resettlement Area for the Loc Giang Industrial Park, built adjacent to the industrial park. The resettlement area was approved by the Provincial People’s Committee in August this year, with a detailed construction planning task at a ratio of 1/500. The recently published EIA Report in November revealed that compensation for land acquisition has been completed for an area of over 410 hectares, and compensation for the remaining area is ongoing.
 Artist’s impression of the office building in the industrial park
|
Sai Gon Tay Bac Urban Development Joint Stock Company (SCD), established in 2003 and headquartered in Cu Chi District, Ho Chi Minh City, is chaired by Mr. Dang Thanh Tam, who also acts as its legal representative. As of the end of 2023, SCD’s total assets reached VND 3,143 billion, with a charter capital of VND 750 billion. It is a subsidiary of Kinh Bac City Development Holding Corporation Joint Stock Company (HOSE: KBC), which owns 74.3% of SCD. On October 10, SCD significantly increased its capital to VND 1,181 billion to meet the required contribution for the Loc Giang Industrial Park investor.
In addition to the Loc Giang Industrial Park, SCD is also the investor in the Tan Phu Trung Industrial Park in Ho Chi Minh City, spanning 542 hectares; the Tan Phu Trung Residential Area with a scale of 47.3 hectares; and the Long An Resettlement Area. SCD has a subsidiary, Tan Phu Trung Long An Industrial Park One-Member Limited Liability Company, which is the investor in the Phuoc Vinh Dong 4 – Long An Industrial Cluster and Resettlement Area.
Source: Author’s compilation. Unit: VND billion
|
Thu Minh
