VSIP Nghe An increases investment capital to nearly 280 million USD
(Baonghean.vn) - VSIP Nghe An Company Limited proposed to increase investment capital in VSIP Nghe An Industrial, Urban and Service Park from nearly 187 million USD to nearly 280 million USD.
The Standing Committee of Nghe An Provincial Party Committee agreed to adjust the investment policy of VSIP Nghe An Industrial, Urban and Service Park project at the regular meeting in March 2023.
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| Nghe An Provincial Party Secretary Thai Thanh Quy chaired the regular March 2023 meeting of the Nghe An Provincial Party Standing Committee. Photo: Thanh Duy |
Attending the meeting were comrades: Nguyen Van Thong - Standing Deputy Secretary of the Provincial Party Committee; Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; Hoang Nghia Hieu - Deputy Secretary of the Provincial Party Committee; representatives of Central Party Committees; comrades in the Provincial Party Committee Standing Committee and a number of departments and branches.
VSIP Nghe An Industrial, Urban and Service Park project is implemented in Hung Nguyen district, in the Southeast Nghe An Economic Zone, on an area of 750 hectares with a total investment of VND 4,182,845 billion, equivalent to USD 186.98 million, to invest in phases 1 and 2 of the industrial park and phases 1, 2, 3 of the urban and service area.
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Comrade Le Tien Tri - Member of the Provincial Party Committee, Head of the Southeast Economic Zone Management Board presented the report of the Provincial People's Committee's Party Committee on adjusting the approval of the investment policy of the VSIP Nghe An Industrial, Urban and Service Park Project in Hung Nguyen district, in the Southeast Economic Zone. Photo: Thanh Duy |
The project's objectives are to invest in, construct, exploit, manage, and operate industrial parks, technology parks, logistics parks, software parks, commercial, service, and housing complexes; and to construct and operate shared infrastructure in industrial parks.
Currently, the project has completed compensation and site clearance for 548.73 hectares out of a total of 750 hectares; of which, there are 358.65 hectares of industrial park land and 226.08 hectares of urban and service land.
As of January 2023, VSIP Nghe An has attracted 39 land lease investment projects, with an occupancy rate of 88%. Of these, 23 projects have come into operation, 5 projects are under construction, the remaining projects are completing procedures, with a total registered investment capital of 743.6 million USD. Of which, there are 19 foreign investors with a total registered capital of over 681 million USD.
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Panoramic view of the industrial park under the VSIP Nghe An Industrial, Urban and Service Park Project deployed in Hung Nguyen district. Photo: Thanh Cuong |
To meet the actual needs of project implementation, the investor proposed to adjust the total investment capital from VND 4,182.845 billion (equivalent to USD 186.98 million) to VND 6,343.4675 billion (equivalent to USD 279.91 million). The investment capital increase to nearly USD 93 million is to implement phases 4 and 5 of the urban and service area component.
At the meeting, the Provincial Party Standing Committee approved adjustments to the project's investment policy related to two other contents: the project's land use structure and project implementation progress.
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Overview of the meeting. Photo: Thanh Duy |
The project's operating period is 50 years from February 8, 2023. This is a project to build industrial, service, and urban areas that converge green, smart, and sustainable development elements.
Within the framework of Prime Minister Pham Minh Chinh's official visit to Singapore last February, Minister of Planning and Investment Nguyen Chi Dung presented the Decision of the Vietnamese Government on approving the investment policy of the Tho Loc Industrial Park Infrastructure Construction and Business Project (Phase 1) - VSIP Nghe An II Project to the leaders of VSIP Group, under the witness of Prime Minister Pham Minh Chinh, leaders of ministries and branches of the two countries and Chairman of Nghe An Provincial People's Committee Nguyen Duc Trung.
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