Approval of investment policy for Thinh Phat Industrial Park expansion (Long An province)

Specifically, approving the investment policy for the project to invest in construction and business of technical infrastructure of the expanded Thinh Phat Industrial Park and at the same time approving the investor as Thinh Phat General Investment and Business Joint Stock Company.

The project implementation location is in Luong Binh commune, Ben Luc district, Long An province with the project land use scale of 112.87 hectares.

The total investment capital of the project is 1,443,122 billion VND, of which the investor's contributed capital is 268.5 billion VND.

The project's operating period is from March 11, 2024 to November 28, 2055.

The Long An Provincial People's Committee directs the Long An Economic Zone Management Board and relevant agencies to review and ensure that the project implementation area does not have any tangible cultural heritage works or affect intangible cultural heritage products in Long An province; in accordance with the requirements for 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 approved zoning plan for the expanded Thinh Phat Industrial Park; ensure that the location and area scale of the project are consistent with the project investment policy approved by competent authorities; the project's land use structure and environmental safety distance comply with the National Technical Regulations on construction planning and other relevant legal provisions.

Require investors to: (i) during the project implementation process, if minerals are discovered to have a higher value than minerals used as common construction materials, they must report to the competent state agency for settlement in accordance with the provisions of the law on minerals; (ii) coordinate in compensation, support, resettlement and investment in the construction of housing, social, cultural and sports facilities for workers working in the industrial park; (iii) develop a plan to connect infrastructure between the existing Thinh Phat Industrial Park and the expanded Thinh Phat Industrial Park; (iv) receive comments from the Ministries and the People's Committee of Long An province.

Check and determine whether the investor meets the conditions for land lease by the State at the time of land lease, closely monitor the project implementation progress, the use of equity capital as committed and the investor's satisfaction of all conditions as prescribed.

Thinh Phat General Investment and Business 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.

Use the owner's capital contribution as committed to implement the project and comply with the provisions of the law on land and other relevant legal provisions; fully satisfy the conditions prescribed in Clause 2, Article 4 of Decree No. 02/2022/ND-CP when carrying out industrial park infrastructure business activities.

The project can only be implemented after meeting all conditions prescribed by law, including being permitted by competent authorities to convert the purpose of using rice-growing land and being responsible for paying a sum of money to protect and develop rice-growing land.

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