Dung Quat Economic Zone, the place that attracts the largest investment and budget revenue in Quang Ngai province - Photo: TRAN MAI
41 projects in Dung Quat Economic Zone that were granted investment policies before 2020 are stuck when the law changes. Currently, the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Parks (Dung Quat Board) must mobilize investors to voluntarily terminate the projects.
All of these projects have non-budgetary investment capital, in the fields of trade and services.
41 projects in Dung Quat from correct level to inappropriate level
According to Dung Quat Board, these projects were granted investment policy decisions before 2020, but up to now the State has not yet allocated or leased land.
At the time of granting the investment policy decision, the competent authority did not grant it incorrectly. Because according to Decree 30/2015/ND-CP of the Government and Decision 96/QD-UBND of the People's Committee of Quang Ngai province, commercial and service projects in Dung Quat Economic Zone (an area with particularly difficult socio-economic conditions) are not included in the list of investment projects using land with high commercial value, and must be bid to select investors.
In addition, according to the 2013 Land Law, projects using land for production and business purposes in investment incentive sectors or investment incentive areas (except for commercial housing projects) do not auction land use rights. When the State allocates or leases land, land use fees and land rents are exempted.
"Based on the 2013 Land Law, 41 commercial service projects in Dung Quat Economic Zone are not subject to land allocation or land lease through land use rights auctions, because Dung Quat Economic Zone is a preferential investment area," said the leader of the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Parks.
A corner of Dung Quat Economic Zone, where 41 investors in the trade and service sectors are stuck because of changes in the law - Photo: TRAN MAI
Encourage investors to voluntarily terminate projects
Although the decision on investment policy for the 41 projects mentioned above was not wrong, since 2020 the law has changed so it must be adjusted to comply with legal regulations.
Specifically, since 2020, the Law on Bidding and the Law on Land have had amended and supplemented regulations. Projects in the fields of trade and services that were granted investment policy decisions before 2020 but have not yet allocated or leased land will no longer be suitable for continued implementation of the project, and must be bid and auctioned to select investors.
When the law changes, Dung Quat Board must notify investors clearly. At the same time, there must be a document guiding the procedures for investors to terminate the project according to regulations.
Commercial and service projects will no longer receive incentives as before, instead they must bid and auction to select investors - Photo: TRAN MAI
To date, 11/41 projects have been voluntarily terminated by investors.
Regarding the handling of 11 projects that investors voluntarily terminated, Dung Quat Board has worked with investors to determine valid and reasonable costs. From there, it will submit to competent authorities for consideration and have a handling policy.
At the same time, guide investors to complete related procedures to approve investment policies and participate in auctions and bidding (if there is a need to continue investing) to select investors according to regulations.
With the remaining 30 projects, after many working sessions, Dung Quat Board is continuing to issue documents to guide and mobilize investors to voluntarily terminate the project according to the provisions of Clause 1, Article 48 of the Investment Law.
Source: https://tuoitre.vn/luat-thay-doi-41-du-an-o-dung-quat-bi-vuong-phai-van-dong-nha-dau-tu-tu-nguyen-cham-dut-du-an-2024071417131075.htm
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