The Prime Minister approved the investment policy of Hoang Mai II Industrial Park Project, Nghe An province with a total investment of 1,900 billion VND.

Hoang Mai II Industrial Park has an area of ​​334.79 hectares in Quynh Vinh commune, Hoang Mai town; with a total investment capital of VND 1,900 billion, an operation period of 50 years from October 9, 2023; the implementation progress is no more than 36 months from the date the State hands over the land.

According to Decision 1164/QD-TTg, the land area that existing investors have leased from the State in accordance with the law is not included in the area that investors are allowed to sublease.

The Prime Minister assigned the People's Committee of Nghe An province to be responsible for checking and determining whether the investor meets the conditions for State land lease at the time of land lease; ensuring the conditions for State permission to change land use purpose to implement the project according to the provisions of the law on land.

Ensure conditions for permission to change land use purpose during the land lease process, allow permission to change land use purpose to implement projects; organize the development and implementation of land recovery plans, change land use purpose according to the order, procedures and regulations of the law on land; invest in building workers' housing, service works, and public utilities for workers working in industrial parks.

Hoang Thinh Dat Joint Stock Company (investor) is only allowed to implement the project after having a replacement forestation plan approved by a competent State agency, or after completing the responsibility to pay for replacement forestation as prescribed.

Decision No. 1164/QD-TTg also clearly states: Investors of Hoang Mai II Industrial Park reserve at least 3% of the total industrial land area of ​​the industrial park for small and medium-sized enterprises, supporting industrial enterprises, innovative and creative enterprises, and beneficiaries of investment incentives according to the provisions of the Investment Law; other enterprises that are prioritized and supported in terms of production and business premises according to the provisions of the law on land lease and sublease according to the provisions of Decree No. 35/2022/ND-CP.

Previously, Hoang Thinh Dat Joint Stock Company was also the investor of Hoang Mai I Industrial Park, in Hoang Mai town with a total area of ​​264.77 hectares. Up to now, Hoang Mai I Industrial Park project has completed almost all of the construction infrastructure and has attracted foreign investors.