Investment policy, business technical infrastructure of Minh Hung III Industrial Park phase 2, Binh Phuoc province

The land use scale of the project (phase 1) is 483.4 hectares - Illustration photo

Accordingly, the Deputy Prime Minister approved the investment policy for construction and business of technical infrastructure of Minh Hung III Industrial Park, Phase 2 (phase 1), and at the same time approved the investor, Binh Long Rubber Industrial Park Joint Stock Company.

The project is implemented in Minh Hung ward, Chon Thanh town, Binh Phuoc province with the land use scale of the project (phase 1) being 483.4 hectares.

The total investment capital of the project is 2,282 billion VND, of which the investor's contributed capital is 390.71 billion VND.

Project implementation progress: no more than 60 months from the date the investor is handed over land or leased land by the State. Project operation period is from February 27, 2025 to July 14, 2058.

The Deputy Prime Minister assigned the Ministry of Planning and Investment to be responsible for the assigned contents of project dossier appraisal and to perform state management of industrial parks in accordance with the provisions of the law on investment and relevant laws.

Relevant ministries and branches are responsible for the content of project dossier appraisal within their functions and tasks according to the provisions of the law on investment and relevant laws.

Check and supervise investors in project implementation

Binh Phuoc Provincial People's Committee directs and supervises relevant agencies and Investors to prepare and approve the general planning for the construction of Minh Hung III Industrial Park, Phase 2, in accordance with the provisions of law on construction and ensure the ability to connect infrastructure between the existing Minh Hung III Industrial Park and Minh Hung III Industrial Park, Phase 2.

The People's Committee of Binh Phuoc province directed the Management Board of Binh Phuoc Economic Zone and relevant agencies to review and ensure that the project implementation area is suitable for the requirements of protecting and promoting the value of cultural heritage and the conditions prescribed by law on cultural heritage.

Carry out the responsibility of supervising and evaluating investment projects of the investment registration agency for projects under the authority of granting Investment Registration Certificates according to the provisions of the law on investment and other relevant provisions of law.

Check and determine whether investors meet the conditions for land lease by the State, permission to change land use purpose at the time of land lease, permission to change land use purpose to implement the project (phase 1) according to the provisions of the law on investment, the law on land and the law on real estate business; supervise investors borrowing credit from credit institutions, issuing corporate bonds to implement the project (phase 1) according to the provisions of the law on real estate business.

Supervise and evaluate investors implementing the project, including contributing sufficient equity capital and on time as committed by the investor to implement the project (phase 1) in accordance with the provisions of the law on investment, the law on land, the law on real estate business and other relevant legal provisions.

Attracting investment projects into industrial parks

Binh Long Rubber Industrial Park Joint Stock Company (investor) is responsible before the law for the legality, accuracy and honesty of the contents of the project dossier and documents sent to competent state agencies; implementing investment in the construction of the infrastructure system of Minh Hung III Industrial Park, phase 2 (phase 1) according to the approved planning.

Carry out environmental protection procedures in accordance with the provisions of the law on environmental protection and relevant guiding documents; deposit or have a bank guarantee for the deposit obligation to implement the project (phase 1).

Use equity capital to implement the project (phase 1) in accordance with commitments and comply with the provisions of the law on investment, land law, real estate business law and other relevant legal provisions; attract investment projects to industrial parks in accordance with the development orientation of industrial production sectors in the Southeast region.