Funding the Infrastructure development for Tân Phước 1 Industrial park in Tiền Giang

Jun 5th at 07:54
05-06-2024 07:54:05+07:00

Funding the Infrastructure development for Tân Phước 1 Industrial park in Tiền Giang

Deputy Prime Minister Lê Minh Khái has signed Decision No. 471/QĐ-TTg regarding the investment policy for the infrastructure of a major industrial park in Tiền Giang Province.

The highway system connects Tiền Giang province with HCM City and other provinces — VNA/VNS Photo

The project involves VNĐ5.93 trillion and covers an area of 470 hectares. It will be located in Tân Lập 1 Commune, Tân Phước District, Tiền Giang Province.

The project will have a lifespan of 50 years from the date of approval of the investment policy and the acceptance of the investor. The implementation timeline is set to be no more than 60 months from the date the land is handed over by the State.

The Deputy Prime Minister has assigned several responsibilities to ensure the smooth execution of the project. The Ministry of Planning and Investment is required to be responsible for the appraisal and state management of the industrial zone in accordance with the Investment Law. Relevant ministries and sectors are to appraise the investment project proposal within their respective functions.

The People's Committee of Tiền Giang Province is responsible for the accuracy of the information and data reported, ensuring the project aligns with approved plans and guaranteeing the precision regarding land use to avoid any disputes or complex complaints.

The People's Committee must also update the industrial zone's area into the land use plan for 2021-2025, organise land recovery, compensation and the conversion of land use purposes as per regulations. If there are public assets involved, these must be managed in accordance with the law on public asset management.

IDICO Tiền Giang Joint Stock Company, the investor, is responsible for the legality and accuracy of the project dossier, it must bear all risks and responsibilities if the commitments are violated and needs to collaborate with all the relevant agencies to implement compensation and resettlement in accordance with regulations. 

Bizhub





RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Construction ministry urges new credit package for low-income home buyers

The Ministry of Construction has urged the State Bank of Việt Nam to study a new credit package for low-income home buyers with preferential interest rate 3-5 per...

Future look of surroundings of Ho Chi Minh City’s iconic Ben Thanh Market

A nearly-46,000-square-meter area surrounding the iconic Ben Thanh Market in Ho Chi Minh City will get a VND157-billion (US$6.2 million) makeover, with more green...

Hà Nội urged to begin construction of at least one social housing project by October

Chairman of Hà Nội People’s Committee Trần Sỹ Thanh has asked relevant departments to start building at least one social housing project by the beginning of October.

Proposal approved to pilot commercial housing projects using land use rights

The Government has approved the Ministry of Natural Resources and Environment (MONRE)'s proposal to develop a National Assembly Resolution allowing pilot commercial...

Real estate to benefit from FDI, revisions to Land Law

The sluggish property market is expected to benefit from a surge in foreign direct investment and amendments to the Land Law, experts told a forum in HCM City on...

Vietnamese Gov't to pilot rezoning for commercial housing

The initiative aims to facilitate the development of housing, given the scarcity of land available for commercial housing projects.

FDI in property soars by 70%

Foreign direct investment (FDI) in the property sector has jumped by 70 per cent year-on-year to over US$1.98 billion.

​Vietnam’s Ba Ria - Vung Tau ceases work on 23-story hotel, part of beachside aquarium project

The People’s Committee of Ba Ria - Vung Tau Province in southern Vietnam has allowed the developer of a beachside aquarium complex project to continue work on land...

Sunnier days anticipated through updated land laws

The proposal to implement the revised Land Law from July instead of next year is expected to bring confidence to the real estate sector.

Booming West Hanoi property driven by infrastructure investments

Hanoi's real estate market is expected to continue having positive developments in the upcoming quarters.

Real estate stocks

Construction stocks


MOST READ


Back To Top