Approval of investment policy for WHA Industrial Zone 2 project - Nghe An
Deputy Prime Minister Bui Thanh Son signed Decision No. 1706/QD-TTg dated December 31, 2024 approving the investment policy of the WHA Industrial Zone 2 - Nghe An project (in Nam Cam D Industrial Park), Nghe An province.
The Deputy Prime Minister also approved the investor, WHA Industrial Zone Nghe An Joint Stock Company.
The project area is 183.37 hectares. The project is located in Nghi Hung and Nghi Dong communes, Nghi Loc district (Nghe An). The project has an investment capital of 1,200 billion VND, of which the investor's capital contribution is 216 billion VND.
The project's objective is to develop industrial park infrastructure to create clean land and synchronous infrastructure to attract secondary projects for investment, production and business activities.
The Ministry of Planning and Investment is responsible for the assigned contents of project investment policy appraisal and state management of industrial zones in accordance with the provisions of the law on investment and relevant laws.
Relevant ministries are responsible for the content of project investment policy appraisal within their functions and tasks according to the provisions of the law on investment and relevant laws.
Nghe An Provincial People's Committee shall organize the development and implementation of plans for land recovery, compensation, support, resettlement, conversion of land use purposes, and land lease to implement the project in accordance with documents approved by competent authorities on the scale, area, location, and progress of project implementation; direct the adjustment of the zoning plan for industrial park construction in case the land use structure of the project changes compared to the approved plan.
In addition, the People's Committee of Nghe An province directed the Management Board of the Southeast Economic Zone and relevant agencies to monitor and supervise the project implementation process, ensuring compliance with the requirements of protecting and promoting the value of cultural heritage and the conditions prescribed by law on cultural heritage.
Guide, inspect and supervise investors in implementing the general construction planning of the Southeast Economic Zone and the construction zoning plan of the Nam Cam D Industrial Park approved by competent authorities, and completing construction procedures in accordance with the provisions of law on construction.
Ensure that the project's location and area scale are consistent with the project's investment policy approved by competent authorities; the project's land use structure and environmental safety distance comply with national technical regulations on construction planning and other relevant legal regulations.
WHA Industrial Zone Nghe An Joint Stock Company (investor) is responsible before the law for the legality, accuracy and honesty of the content of the project dossier and documents sent to competent state agencies.
The investor shall invest in the construction of the infrastructure system according to the construction zoning plan of Nam Cam D Industrial Park approved by the competent authority; bear all risks and costs and be fully responsible according to the provisions of Article 47 and Article 48 of the Investment Law in case of violation of the provisions of the law on investment and other provisions of the law on land.
Contribute sufficient equity capital to implement the project as committed, including cases where the enterprise invests in other projects and conducts other business activities outside of this project; comply with the provisions of the law on investment, the law on land, the law on real estate business and other relevant legal provisions; fully meet the conditions for organizations when doing real estate business as prescribed.
Previously, WHA Industrial Zone Nghe An Joint Stock Company was the investor of the WHA Industrial Zone 1 - Nghe An project with a scale of 498 hectares, approved by the Prime Minister in Decision No. 681/QD-TTg dated May 22, 2017 and adjusted the approval of the investment policy in Decision No. 360/QD-TTg dated February 15, 2021.