The project investor is Vietnam Rubber Industry Group - JSC.
The land use scale of the project is 495.17 hectares (not including the area: Xom Bo - Bau Don road; N8 irrigation canal; Go Dau - Xa Mat expressway planning route and Ho Chi Minh City - Tay Ninh railway passing through the project).
The project is implemented in Da Hang Hamlet and Giua Hamlet, Hiep Thanh Commune, Go Dau District, Tay Ninh Province. The total investment capital of the project is 2,350 billion VND, of which the investor's capital contribution is 352.5 billion VND.
The project's operating period is 50 years from the date the project is approved for investment policy at the same time as the investor's approval (March 1, 2024).
The Prime Minister assigned the People's Committee of Tay Ninh province to direct the Tay Ninh Economic Zone Management Board to coordinate with relevant agencies to guide investors to divide project investment into phases to ensure compliance with the industrial park land index in the national land use plan until 2025 allocated by the Prime Minister to Tay Ninh province in Decision No. 326/QD-TTg and adjustment decisions (if any); at the same time, ensuring effective land use and investment attraction progress in Hiep Thanh industrial park, in which the next phase is implemented after the previous phase has been invested and constructed on schedule, achieving the prescribed occupancy rate and the ability to attract investment for the next phase.
The State Capital Management Committee at Enterprises is responsible for the use and mobilization of capital by the Vietnam Rubber Industry Group - JSC to invest in projects; ensuring investment efficiency, preserving and developing state capital during the project investment process and supervising, checking and inspecting investment activities, managing and using state capital at enterprises in accordance with the Law on Management and Use of State Capital Invested in Production and Business at Enterprises.
The People's Committee of Tay Ninh province shall inspect and determine whether the investor meets the conditions for land lease by the State at the time of land lease; and ensure that the State permits the change of land use purpose to implement the project in accordance with the provisions of the law on land.
Organize the development and implementation of land recovery and land use conversion plans in accordance with the procedures and regulations of the land law; invest in the construction of workers' housing, service works, and public utilities for workers working in industrial parks; support employment and vocational training for unemployed rubber workers.
The People's Committee of Tay Ninh province directs the Tay Ninh Economic Zone Management Board and relevant agencies to review and ensure that the area where the project is expected to be implemented does not have any tangible cultural heritage works or affect intangible cultural heritage products in Tay Ninh province; in accordance with the requirements for protecting and promoting the value of cultural heritage and the conditions prescribed by law on cultural heritage.
Investors are required to report to competent state agencies for settlement in accordance with the provisions of the law on minerals if they discover minerals with higher value than minerals used as common construction materials during project implementation.
Vietnam Rubber Industry Group - JSC (investor) commits not to file a lawsuit and comply with the provisions of law in the following cases: (i) the rubber plantation land currently managed and used by Tay Ninh Rubber Joint Stock Company is determined by a competent authority to be public property and must be handled in accordance with the provisions of law on public property, which is different from the content of this Decision; (ii) the results of reviewing and completing land procedures change the content of this Decision.
The project may only be implemented after competent authorities have completed the review of the implementation of the arrangement and handling of public assets within the scope of the project and the leasing of land for project implementation without going through auctions or bidding to select investors in accordance with the provisions of law on management and use of public assets, including Decrees No. 167/2017/ND-CP and No. 67/2021/ND-CP, relevant legal provisions, and after converting the purpose of using rubber plantation land to non-agricultural land to implement the project.
Develop a plan to divide the project investment into phases, ensuring compliance with the industrial park land index in the 5-year national land use plan 2021-2025 allocated by the Prime Minister to Tay Ninh province in Decision No. 326/QD-TTg and adjustment decisions (if any); ensure sufficient equity capital to implement the project according to the committed schedule and comply with the provisions of the law on land.
Carry out environmental protection procedures in accordance with environmental protection laws and relevant guidelines.
Deposit or have a bank guarantee on deposit obligations to ensure project implementation in accordance with the provisions of law on investment.
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