Investment in WHA Industrial Zone 2 project

Approval of investment policy for WHA Industrial Zone 2 project – Nghe An (in Nam Cam D Industrial Park), Nghe An province – Illustration photo

Accordingly, the Deputy Prime Minister approved the investment policy of the WHA Industrial Zone 2 - Nghe An project (in Nam Cam D Industrial Park); and at the same time approved the investor as WHA Industrial Zone Nghe An Joint Stock Company.

The project area is 183.37 hectares. The project location is in Nghi Hung and Nghi Dong communes, Nghi Loc district, Nghe An province.

The project has an investment capital of 1,200 billion VND, of which the investor's contributed capital is 216 billion VND.

The Ministry of Planning and Investment is responsible for the assigned contents of project investment policy appraisal and state management of industrial zones in accordance with the provisions of the law on investment and relevant laws.

The relevant Ministries are responsible for the content of project investment policy appraisal within their functions and duties according to the provisions of the law on investment and relevant laws.

Monitor and supervise the project implementation process

Nghe An Provincial People's Committee organizes the development and implementation of plans for land recovery, compensation, support, resettlement, conversion of land use purposes, and land lease to implement projects in accordance with documents approved by competent authorities on area scale, location, and project implementation progress; directs the adjustment of industrial park construction zoning plans in case the project's land use structure changes compared to the approved plan.

In addition, the People's Committee of Nghe An province directed the Management Board of the Southeast Nghe An Economic Zone and relevant agencies to monitor and supervise the project implementation process, ensuring compliance with the requirements of protecting and promoting the value of cultural heritage and the conditions prescribed by law on cultural heritage.

Guide, inspect and supervise investors to comply with the general construction planning of the Southeast Nghe An economic zone and the construction zoning plan of the Nam Cam D industrial park approved by competent authorities, complete construction procedures according to the provisions of law on construction; ensure the location and area scale of the project are consistent with the project investment policy approved by competent authorities; the land use structure of the project and environmental safety distance comply with the National Technical Regulations on construction planning and other relevant provisions of law.

WHA Industrial Zone Nghe An 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; invests in the construction of the infrastructure system according to the construction zoning plan of Nam Cam D industrial park approved by competent authorities; bears all risks and costs and takes full responsibility according to the provisions of Article 47 and Article 48 of the Investment Law in case of violating the provisions of the law on investment and other provisions of the law on land.

Contribute sufficient equity capital to implement the project as committed, including cases where the enterprise invests in other projects and conducts other business activities outside of this project; comply with the provisions of the law on investment, the law on land, the law on real estate business and other relevant legal provisions; fully meet the conditions for organizations when doing real estate business as prescribed.

Source: https://baotainguyenmoitruong.vn/dau-tu-du-an-wha-industrial-zone-2-nghe-an-385253.html