The project to invest in construction and business of technical infrastructure of Nhon Hoi Industrial Park - Area B (hereinafter referred to as the project) in the economic zone of Binh Dinh province, invested by Hong Yeung Vietnam Company Limited.
The investor was granted the first investment certificate by the Binh Dinh Economic Zone Management Board in 2007, and the second change in 2012, to invest in a project with a scale of 447 hectares and a total capital of more than 546 billion VND.
The project's construction investment progress is stipulated to complete the infrastructure according to the approved plan by the end of December 2011.
Regarding land, the investor was leased land by the Binh Dinh Economic Zone Management Board under a contract signed on September 3, 2009, with a leased land area of more than 400 hectares.
The project is expected to attract the attention and investment of many domestic and foreign enterprises. However, after 18 years of implementation, only 2 secondary investors have come to lease the land.
According to the People's Committee of Binh Dinh province, up to now, the project has only attracted 2 secondary investors to lease land, including the Austfeed Binh Dinh animal feed factory and the Minh Duong Binh Dinh cassava modified starch processing factory, with a total leased land area of 23 hectares. The occupancy rate of the industrial park is only 6.9% (23 hectares), with very low land use efficiency.
According to Dan Tri reporters, up to now, the project is just a vast sandbank, hundreds of hectares wide; the traffic infrastructure in many sections is incomplete and unsynchronized, some sections are dirt roads...
Head office of Hong Yeung Vietnam Co., Ltd. is located in Nhon Hoi Industrial Park - Area B, Binh Dinh Economic Zone.
The land area of over 400 hectares where the project to invest in construction and business of technical infrastructure of Nhon Hoi Industrial Park - Area B in Nhon Hoi Economic Zone, Binh Dinh Province is being implemented (Photo: Google Maps).
The project to invest in construction and business of technical infrastructure of Nhon Hoi Industrial Park - Area B in Nhon Hoi Economic Zone (Binh Dinh Province) is invested by Hong Yeung Vietnam Company Limited. The legal representative is Mr. Tu Phong Boi, General Director.
The investor was granted the first investment certificate by the Binh Dinh Economic Zone Management Board in 2007, and the second change in 2012, to invest in a project with a scale of 447 hectares and a total capital of more than 546 billion VND. According to the committed schedule, the project must complete the infrastructure according to the approved plan by the end of 2011.
However, to date, this company has not yet completed the planning adjustment procedures and investment procedures as prescribed. Currently, the company has stopped construction and has not proven the actual construction volume arising since the recording of the working minutes of the Economic Zone Management Board on April 23, 2021.
According to the People's Committee of Binh Dinh province, Hong Yeung Vietnam Company Limited exploited underground water for daily activities in the office area and watering trees but did not complete licensing procedures according to regulations.
In particular, this company has many shortcomings and violations of construction planning, environmental protection, and tax debts.
With the above situation, recently, the People's Committee of Binh Dinh province has sent a document asking for the opinion of the Ministry of Public Security on the land recovery of this project due to violations of land law.
Source: https://dantri.com.vn/bat-dong-san/co-gi-trong-khu-dat-hon-400ha-do-doanh-nghiep-trung-quoc-lam-chu-dau-tu-20250303184309184.htm
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