The Prime Minister has just approved the investment policy for the project of Yen Phong II-A Industrial Zone (hereinafter referred to as “the project”), located in Yen Phong district, Bac Ninh province.
Specifically, the project, covering 151.27 ha, will be carried out in Tam Giang and Hoa Tien communes, Yen Phong district, Bac Ninh province.
The total investment capital for the project is estimated at VND 1,830 billion, in which VND 275 billion comes from its investor – Western Pacific Infrastructure JSC. This industrial zone is expected to be in business for around 50 years.
The Prime Minister required Bac Ninh People’s Committee to take responsibility for ensuring the accuracy of the report’s information and data; the legal compliance of all relevant appraisal reports; the compatibility of the Project with its approved plan. Moreover, the People’s Committee shall be in charge of proposing suitable investors to implement the project in accordance with legal frameworks on investment, land, real estate and others.
Bac Ninh People’s Committee is also responsible for changing the agricultural land use purpose to non-agricultural land, which has been stipulated in Resolution No. 35/2018/NQ-CP dated May 7, 2018 by the Government. Subsequently, the People’s Committee needs to propose feasible solutions to both increase the scale and improve the efficiency in using land for rice cultivation to supplement the land area converted for non-agricultural purpose.
Translated by: Dandelion