VSIP increases investment capital by more than 1,854 billion VND in Nghe An

On the afternoon of December 25, the Provincial Party Committee Standing Committee held its regular meeting in December 2020 to listen to and give opinions on many important issues. Comrade Thai Thanh Quy - Alternate member of the Party Central Committee, Secretary of the Provincial Party Committee chaired the meeting.

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; Nguyen Xuan Son - Chairman of the Provincial People's Council. Also attending were comrades representing a number of Central Party Committees; comrades of the Standing Committee of the Provincial Party Committee; leaders of a number of relevant departments and branches.

Overview of the December 2020 regular meeting of the Provincial Party Standing Committee. Photo: Thanh Duy

At the meeting, the Standing Committee gave opinions on adjusting the investment policy of VSIP Nghe An Industrial, Urban and Service Park project with 3 contents: Investor information, total investment capital, project implementation progress, submitted by the Party Committee of the Provincial People's Committee.

For total investment,VSIP Nghe An Company LimitedProposal to add investment capital for phase 2 of industrial, urban and service zones with capital of 1,854,834 billion VND.

Of which, the investment capital for phase 2 for the industrial park is over 702 billion VND and for the urban and service area is over 1,152 billion VND. Thus, after adjustment, the total investment capital of the entire project (phase 1 and 2) is 3,512.714 billion VND, equivalent to 157.97 million USD.

Deputy Head of the Southeast Economic Zone Management Board Ho Ngoc Bao presented the Proposal on adjusting the investment policy of VSIP Nghe An Industrial, Urban and Service Park project. Photo: Thanh Duy

Of which, the investment capital for phase 1 for the Industrial, Urban and Service Park is 1,657.88 billion VND, equivalent to 76.4 million USD. The investment capital for phase 2 for the Industrial, Urban and Service Park is 1,854.834 billion VND, equivalent to 81.57 million USD.

According to the Party Committee of the Provincial People's Committee, at the time of adjustment, the total capital of VSIP Nghe An Industrial, Urban and Service Park Project had been implemented at more than VND 1,373,611 billion, reaching 83% of the total registered investment capital. Currently, the investor has begun to implement the second phase of site clearance of the industrial park.

VSIP Nghe An Industrial, Urban and Service Park Project, invested by VSIP Nghe An Company Limited, was granted an investment certificate and a business registration certificate by the Southeast Economic Zone Management Board for the first time on June 30, 2015.

Comrade Thai Thanh Quy - Alternate member of the Party Central Committee, Secretary of the Provincial Party Committee delivered the concluding speech. Photo: Thanh Duy

The project of investment, construction, exploitation, management, and business of industrial parks, technology parks, logistics parks, software parks, commercial, service, and housing complexes is part of the overall project on a total area of ​​750 hectares. Of which, the land for construction of industrial parks is 367.6 hectares and the land for construction of urban, service, commercial, and housing areas is 382.4 hectares.

As of October 2020, in VSIP Nghe An industrial park, 22 projects have been granted Investment Registration Certificates, with a total capital of VND 6,440.89 billion.

VSIP Nghe An Urban and Service Area. Photo: Hai Vuong

After listening to the report of the Party Committee of the Provincial People's Committee, discussing and analyzing a number of related contents, the Standing Committee of the Provincial Party Committee agreed to adjust the investment policy of the VSIP Nghe An Industrial, Urban and Service Park project.