Ho Chi Minh City People's Committee assigned the Department of Planning and Investment to adjust the investment registration certificate for Mercedes-Benz Vietnam Co., Ltd. until April 14, 2030 (extended for another 5 years).
Ho Chi Minh City People's Committee has just issued Document No. 5830/UBND-DA on extending the operation period of the Project of Mercedes-Benz Vietnam Co., Ltd., in Go Vap District.
According to this document, the Chairman of the City People's Committee assigned the Department of Planning and Investment to extend the project implementation period of Mercedes-Benz Vietnam Co., Ltd. for another 5 years from April 14, 2025.
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| Car assembly at Mercedes-Benz factory in Go Vap district, Ho Chi Minh City. Photo: Le Toan |
The Department of Natural Resources and Environment is assigned to preside over and coordinate with relevant units to advise and propose adjustments to land lease terms according to authority and regulations after the investment registration certificate has been adjusted.
At the same time, Mercedes-Benz Vietnam Co., Ltd. is required to fully fulfill its financial obligations and commit to relocation when the land lease term expires on April 14, 2030.
Saigon Transport Mechanical Corporation was assigned to urgently complete the project investment documents and implement the investment and construction of the Ho Chi Minh City Automobile Mechanical Industrial Park to introduce to Mercedes Benz Group AG to relocate and invest in the automobile manufacturing and assembly plant in the above industrial park after the land lease term expires.
The Chairman of the Ho Chi Minh City People's Committee assigned the Department of Planning and Investment to preside over and coordinate with relevant units to advise and propose investment calls and complete procedures to immediately implement the investment project on the land at No. 693, Quang Trung Street, Ward 8, Go Vap District right after April 14, 2030.
For Mercedes-Benz Vietnam Co., Ltd., the Ho Chi Minh City People's Committee requires a written commitment to fully fulfill financial obligations regarding annual land rent for the adjusted period of 5 years in accordance with current regulations, ensuring no loss to the State budget.
The Ho Chi Minh City People's Committee requires investors to commit to moving all production and business activities out of the land plot No. 693, Quang Trung Street, Ward 8, Go Vap District and invest in an automobile manufacturing and assembly plant in the Ho Chi Minh City Automobile Mechanical Industrial Park, when the project's operating period ends on April 14, 2030.
Investors must urgently complete the appraisal of project documents and investment policies and submit them to the City People's Committee for consideration and decision before October 4, 2024, ensuring strict compliance with regulations; on that basis, adjust the project investment certificate.
Previously, on September 25, the Government Office sent an official dispatch to the Ho Chi Minh City People's Committee conveying the opinion of Deputy Prime Minister Tran Hong Ha, on agreeing to extend the project by 5 years for Mercedes - Benz Vietnam Co., Ltd.
The Government assigned the Ho Chi Minh City People's Committee to direct the Department of Planning and Investment to adjust the investment registration certificate for investors from April 14, 2025 to April 14, 2030.
The project of Mercedes-Benz Vietnam Co., Ltd. requested an extension of its operation period from September 2021. However, due to difficulties in determining whether the project land is subject to rearrangement and handling of public assets, the project has only now been approved for an extension.
Source: https://baodautu.vn/tphcm-gia-han-du-an-cua-mercedes-benz-den-thang-42030-d226285.html
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