Binh Dinh attracts another 20 million USD project; Hai Phong breaks ground on 45 million USD steel factory

Binh Dinh attracts another 20 million USD project; Hai Phong breaks ground on 45 million USD steel factory

Binh Dinh attracts more foreign investment projects with total investment capital of 20 million USD; Groundbreaking ceremony of Logicross Hai Phong project worth 55 million USD in Nam Dinh Vu industrial park...

Those were two of the notable investment news stories of the past week.

Hai Phong: Groundbreaking ceremony for the 45 million USD Viet Phap steel factory

On the morning of November 12, the groundbreaking ceremony for the construction of the Viet Phap Steel and Iron Factory No. 2, with a total investment of 45 million USD, was held at Nam Dinh Vu Industrial Park, Hai Phong City.

The factory has a total area of 75,000 m2, with a total investment of nearly 45 million USD for phase 1; with a production capacity of up to 350,000 tons of steel products per year. The project is invested by Viet Phap Steel Joint Stock Company and Hai Long Construction Joint Stock Company as the general contractor.

Nam Dinh Vu Industrial Park has outstanding traffic advantages, located near a large seaport, helping to shorten transportation time, optimize logistics costs and increase the competitiveness of Vietnamese products when reaching international partners. Photo: Thanh Son

Ms. Mai Minh Nguyet, Chairwoman and General Director of Viet Phap Steel Corporation, said that the factory will apply the most modern production technology from international partners, ensuring high quality standards, efficiency and environmental friendliness. When completed, the factory will contribute not only to providing quality products, but also to promoting local economic development, creating many new job opportunities.

The factory is located in Nam Dinh Vu Industrial Park, which has outstanding transportation advantages, located near major seaports and national connecting routes. This helps shorten transportation time, optimize logistics costs and increase the competitiveness of Vietnamese products when reaching international partners.

Speaking at the groundbreaking ceremony, Mr. Le Trung Kien, Head of the Hai Phong Economic Zone Management Board, congratulated the achievements of Viet Phap Steel and Ton Joint Stock Company in recent times. Viet Phap Steel and Ton chose Nam Dinh Vu Industrial Park of Sao Do Group, an industrial park with good infrastructure, good electricity and other facilities, and close to the port. Hai Phong City as well as the Management Board are always committed to supporting and creating the most favorable conditions for businesses to operate and develop production and business with the best results and satisfaction.

The Head of the Hai Phong Economic Zone Management Board requested the investor and contractor to focus on human and material resources to put the Project into use as quickly and effectively as possible, ensuring safety during the construction process. The Hai Phong Economic Zone Management Board will support and remove difficulties during the implementation process so that the Project can be put into operation soon.

Providing more information at the groundbreaking ceremony, Mr. Le Trung Kien said: Hai Phong is planning to establish a coastal economic zone in the South of Hai Phong with an area of about 20,000 hectares - a 3.0 generation, multi-industry eco-economic zone, focusing on high-tech industry, seaports, modern logistics and smart urban areas, as the city's hub to participate in the regional and global value and supply chains. In particular, Hai Phong proposes to establish a Free Trade Zone with many specific mechanisms and policies, promising to create a large, dynamic, attractive and potential development space for the City.

On the side of the general contractor, Mr. Pham Anh Tien, Chairman of Hai Long Construction Joint Stock Company said: With our capacity and experience, we will successfully implement this project according to the quality and progress as committed to the investor, Viet Phap Steel Joint Stock Company.

Binh Dinh attracts more foreign investment projects with total investment capital of 20 million USD

A representative of the Binh Dinh Economic Zone Management Board said that the unit has just granted an investment certificate to HGQ Asia Pte Company (headquartered in Singapore) to implement the TnB Vietnam Fashion Products Factory Project.

Leaders of Binh Dinh province visit an animal feed factory in Hoa Hoi Industrial Park (illustrative photo). Photo: Trang Le.

The project is implemented at Lot A2, Hoa Hoi Industrial Park, Cat Hanh Commune, Phu Cat District. The project is divided into 2 phases, of which, phase 1 has an area of over 3.2 hectares, a scale of 1.5 million products/year, an investment capital of over 198 billion VND; phase 2 has an area of over 4.7 hectares, a scale of 5.5 million products/year, an investment capital of over 297 billion VND.

Phase 1 is expected to officially go into production and business in October 2026; the entire project will be put into operation in November 2027.

According to the Department of Planning and Investment of Binh Dinh province, in early November 2024, in addition to the project of HGQ Asia Pte Company, the locality attracted 2 domestic investment projects in Phu My district, including the GA Apparel Garment Processing Factory Project of GA Apparel Company with a total investment of 3.2 billion VND; The project of the factory producing plastic rattan tables and chairs, wooden tables and chairs, and pellets of Nam Viet General Production and Trading Company Limited in Dai Thanh Industrial Cluster with a total investment of more than 38.6 billion VND.

Since the beginning of the year, Binh Dinh has attracted 57 investment projects with a total registered investment capital of VND10,926.4 billion; including 54 domestic projects and 3 foreign investment projects. Of which, the industrial sector accounts for the majority with 46 projects.

Proposal to support 1,870 billion VND to build a route connecting Dai Ngai bridge with National Highway 60

The People's Committee of Soc Trang province has just sent an official dispatch to the Prime Minister regarding investment in the construction of the section from Dai Ngai bridge connecting with National Highway 60 in Soc Trang province.

Specifically, the People's Committee of Soc Trang province proposed that the Prime Minister soon support the locality to invest in a road from Dai Ngai bridge connecting to the existing National Highway 60. This route is about 14 km long, with 2 lanes, a level III plain road (similar to the Dai Ngai bridge project).

Construction of Dai Ngai 2 Bridge (Photo: Xuan Luong).

The investment cost for the construction of the road from Dai Ngai Bridge to National Highway 60 is estimated at about 1,870 billion VND from the surplus of the Dai Ngai Bridge Construction Investment Project on National Highway 60 in Tra Vinh and Soc Trang provinces.

According to Mr. Tran Van Lau, Chairman of the People's Committee of Soc Trang province, the investment in the route will contribute to promoting the effectiveness of the investment in the construction of Dai Ngai bridge on National Highway 60; the investment project in the construction of Chau Doc - Can Tho - Soc Trang expressway (phase 1); the project to renovate and upgrade National Highway 91B (Nam Song Hau road).

The project also improves connectivity in the Southeast region of Soc Trang province and connects with Bac Lieu and Tra Vinh provinces, which will be invested in the coming time, creating a new development space, promoting the potential and strengths of Soc Trang province in particular and the Ca Mau peninsula in general.

The Dai Ngai Bridge project on National Highway 60, connecting Tra Vinh and Soc Trang, has been approved by the Prime Minister for investment with implementation period from 2022 to the end of 2026.

The project is about 15.14km long and is divided into two main works: Dai Ngai 1 cable-stayed bridge and Dai Ngai 2 bridge, with a total investment of more than 7,962 billion VND from the state budget.

Currently, the Dai Ngai 2 bridge section, the route and the works on the route have completed the technical design work, selected the contractor and are being deployed simultaneously on site; expected to be completed in 2028.

XGIMI starts construction of $13 million projector production project in Nam Dinh

XGIMI is a high-tech company from China, specializing in the design and production of smart projectors and high-performance laser TVs.

The company's products are present in more than 100 countries, especially popular in large markets such as the US and Europe. Currently, XGIMI owns a network of more than 5,000 retail stores worldwide, affirming its leading position in the projection technology industry.

Representatives of the investor and contractor performed the groundbreaking ceremony for the XGIMI Vietnam Technology Co., Ltd. Projector Manufacturing Investment Project - Phase I.

The project in Nam Dinh is part of XGIMI's production expansion strategy.

According to the plan, the project will complete the groundbreaking procedures by the second quarter of 2025. The basic construction phase is expected to be from the second quarter of 2025 to the second quarter of 2026. After that, the company will install machinery and conduct trial operations in the second quarter of 2026 - the third quarter of 2026, before officially going into operation in the third quarter of 2026. When completed, the factory will reach a capacity of 400,000 products/year.

According to information from the Nam Dinh Province Industrial Parks Management Board, the project has a total investment capital of 13 million USD and uses an area of 56,694.5 m2 in My Thuan Industrial Park. This is a 100% foreign investment, the project's operating period lasts 47 years, calculated from the date of issuance of the Investment Registration Certificate. Investors enjoy many attractive incentive policies such as corporate income tax exemption and reduction, import and export tax, and support policies such as land rent and land use exemption and reduction.

In addition, the project also applies a policy of accelerated depreciation and increases the deductible expenses when calculating taxable income, creating favorable conditions for investors to effectively implement.

The construction of the XGIMI factory in Nam Dinh contributes to promoting local economic development and is expected to be a project with positive impacts, making Nam Dinh a bright spot attracting high-tech investment in Vietnam.

LG increases by 1 billion USD, foreign investment capital in Hai Phong jumps to 3.5 billion USD

Hai Phong City has just granted new investment certificates and increased capital for projects with a total capital of more than 1.8 billion USD, raising the total foreign investment capital by the end of November 2024 to 3.5 billion USD, equal to 140% of the annual plan.

Among the projects with increased capital that have just been granted investment adjustment certificates by Hai Phong, there is the LG Group (Korea) Expansion Investment Project in Trang Due Industrial Park, adjusted to increase by 1 billion USD, bringing the total investment capital to 5.65 billion USD. Also in Trang Due Industrial Park, the project of investor Heesung (Korea) also increased its capital this time, with an additional capital of 125 million USD, bringing the total capital to 279 million USD.

At the DEEP C Industrial Park Complex, the Industrial Park Infrastructure Business Project increased its capital by 169 million USD, bringing the total capital to 286 million USD; the USI Group (Taiwan) project increased its capital from 215 million USD to 290 million USD (an increase of 75 million USD).

Along with that, the Moons' Industries project of Chinese investor in VSIP Industrial Park increased by 69 million USD; Vietnam Advance Film Material project (China) in DEEP C 2A Industrial Park increased by 60 million USD, bringing the total investment capital to 158 million USD; Jeil Logistics 1 project of Korean investor in Nam Dinh Vu Industrial Park increased capital by 21 million USD.

Regarding newly licensed projects, the project of the joint venture between Hai Phong Port Joint Stock Company and Terminal Investment Limited (TIL) and MSC Group (Switzerland) has a total investment capital of 156 million USD. The companies established a joint venture to exploit two international container terminals No. 3 and 4 of the Hai Phong International Gateway Port Project in Lach Huyen, with an annual cargo output of 1.1 million TEUs.

In addition, the project of Sembcorp Integrated Hub Hai Phong IV (Singapore) in DEEP C Industrial Park has a total investment of 56 million USD. The project of Smart Logistics Service Co., Ltd. in Hai Phong International Gateway Port Industrial Park has an investment of 20 million USD. The project of Hoda Strategic Holdings Private (China) has a total investment of 10 million USD in DEEP C Industrial Park. The project of DAP - Vinachem Joint Stock Company with an investment of 626 billion VND aims to invest in depth, improve the quality of phosphoric acid and produce MAP fertilizer with a scale of 60,000 tons/year.

The projects implemented in Hai Phong will contribute to bringing many new, modern, world-leading technological applications to industrial production, contributing to improving the skills of workers, forming research and development centers and generating budget revenue.

According to Mr. Le Trung Kien, Head of the Hai Phong Economic Zone Management Board, the city is committed to providing the best incentives for investors and is ready to prepare all favorable conditions in the investment environment. In the coming time, Hai Phong will develop the Southern Coastal Economic Zone with a scale of more than 20,000 hectares, oriented as a 3.0 generation, multi-industry ecological economic zone, focusing on high-tech industry, seaports, modern logistics and smart cities.

In particular, Hai Phong proposes to establish a free trade zone with many specific mechanisms and policies, promising to create a large, dynamic, attractive and potential development space for the City. From here, Hai Phong and other localities will form a chain of coastal economic zones, an important driving force in the economic and social development of the entire Red River Delta region.

According to the Hai Phong Economic Zone Management Board, from January 2021 to present, Hai Phong City's investment attraction has reached 14.5 billion USD, equal to 97% of the investment attraction plan for the 2021-2025 term, equal to 74% of the 1993-2020 period (19.6 billion USD), attracting an average of 3.6 billion USD/year. It is expected that by the end of 2024, the City will attract over 4.5 billion USD in foreign investment capital (equal to 180% of the annual plan).

Up to now, Hai Phong has attracted 1,000 foreign investment projects from 40 countries and territories, with a total capital of 32.2 billion USD, mainly focusing on the manufacturing and processing industry in industrial parks and Dinh Vu - Cat Hai Economic Zone. Hai Phong has become a stronghold of many large investors, deeply participating in the global value chain, notably LG Group, SK Group...

Investing 12,728 billion VND to upgrade and expand the road section from Ca Mau City to Dat Mui

Ho Chi Minh Road from Ca Mau City to Ca Mau Cape (in which the section from Ca Mau City to Nam Can town coincides with National Highway 1) is included in the planning for the development of the expressway network with a plan to be implemented before 2030.

The Ministry of Transport has just sent an official dispatch to the Prime Minister proposing investment in upgrading and expanding National Highway 1 and Ho Chi Minh Road from Ca Mau City to Dat Mui, Ca Mau Province.

The road from Ca Mau City to Dat Mui will soon receive major investment to develop local economy and tourism.

According to the Ministry of Transport, the investment projects to upgrade and expand National Highway 1 and Ho Chi Minh Road from Ca Mau City to Dat Mui, Ca Mau Province are not yet included in the list of Medium-term Public Investment Plan for the period 2021 - 2025, not yet included in the list of projects, so the investment capital source has not been determined, and there is not enough basis to submit to the Prime Minister for approval of the investment policy.

Currently, the Ministry of Transport has basically completed the Pre-Feasibility Study Report of the projects. In order to be able to soon deploy investment projects, meet the traffic needs and desires of the locality, contribute to promoting socio-economic development, ensuring security - defense, ensuring traffic safety, the Ministry of Transport proposes that the Prime Minister assign the Ministry of Planning and Investment to preside over, relevant ministries and branches to coordinate in implementing necessary procedures to balance and allocate capital for projects from the reserve fund of the Medium-term Public Investment Plan for the period 2021 - 2025 or other legal capital sources, report to competent authorities for consideration and decision.

To facilitate the process of appraising the Pre-Feasibility Study Reports of projects, in the immediate future, the Ministry of Transport will continue to preside over the implementation, and the People's Committee of Ca Mau province will coordinate to complete the Pre-Feasibility Study Reports, submit them to competent authorities for appraisal and approval immediately after determining the capital source.

The project management agency will be considered and decided by the Prime Minister when approving investment policies for projects.

It is known that the Ho Chi Minh road from Ca Mau city to Ca Mau cape, Ca Mau province (in which the section from Ca Mau city to Nam Can town coincides with National Highway 1) is included in the planning for the development of the expressway network with a plan to be implemented before 2030.

The current status of the section from Ca Mau City to Nam Can is exploited with a scale equivalent to a class IV road - Delta (base width, road surface width 9/8 m), asphalt-paved gravel road surface; about 12 km of the section through Nam Can town is exploited with a scale equivalent to a class III road - Delta (base width, road surface width 25/21 m and 12/11 m).

The remaining section from behind Nam Can town to Dat Mui is exploited with a scale equivalent to a grade V road - Delta (roadbed width, road surface 7.5/6 m), asphalt-paved gravel road surface and many sections are often flooded during high tides.

Implementing Resolution No. 102/NQ-CP dated August 9, 2022 of the Government at the regular online Government meeting in July 2022 with localities, the Ministry of Transport assigned the Ho Chi Minh Road Project Management Board to organize the preparation of a Pre-feasibility Study Report for the Investment Project to upgrade and expand National Highway 1 from Ca Mau City to Nam Can and Ho Chi Minh Road from Nam Can to Dat Mui.

According to the research results, the National Highway 1 expansion investment project from Ca Mau City to Nam Can has a research length of about 47.5 km, with an investment scale meeting the standards of a grade III - Delta road; cross-section width of 20.5/19.5 m (the section through Ca Mau City and Nam Can Town is 23/19 m) including 4 motor vehicle lanes and 2 mixed vehicle lanes.

The project also expands existing bridges to match the roadbed width, with Tan Duc bridge being newly built.

With the above investment scale, the preliminary total investment of the Project is 7,142.1 billion VND, of which the cost of site clearance is 1,048 billion VND (the site clearance has basically been implemented since the previous phase). The form and source of investment capital are expected to be public investment, state budget capital.

The project to upgrade and expand Ho Chi Minh road, Nam Can - Dat Mui section, has a research length of about 58.5 km, expected to be invested according to the plan of the entire route meeting the standards of a class III road - Delta, with a cross-section width of 12/11 m, some sections through urban areas will be invested according to a scale suitable to the current status and local planning; asphalt concrete road surface for section Km0 - Km12, the remaining sections will be paved with asphalt. The bridge is designed to be permanently made of reinforced concrete, the bridge width is suitable to the roadbed width.

The preliminary total investment of the Project is about 5,586.7 billion VND, of which the cost of site clearance is 842.7 billion VND (the site clearance has basically been implemented since the previous phase); form and source of investment capital: Public investment, state budget capital.

If the investment capital source is identified in November 2024, the Ministry of Transport will immediately submit the project for appraisal and approval of the investment policy.

Assuming the Prime Minister approves the investment policy in February - March 2025, the Ministry of Transport is expected to be able to complete and put the projects into operation by the end of 2028.

Groundbreaking ceremony of the 55 million USD Logicross Hai Phong project in Nam Dinh Vu industrial park

On the afternoon of November 19, the groundbreaking ceremony of the Logicross Hai Phong project took place at Nam Dinh Vu Industrial Park, Hai Phong City. This is the second project of Mitsubishi Estate Group (Japan) - the project investor in Vietnam.

Logicross Hai Phong is strategically located near the port area of Hai Phong City, the largest trading gateway in the Northern region of Vietnam. The project has convenient traffic connections, conveniently connecting to key traffic networks in the leading logistics center in the North of Vietnam.

Perspective of Logicross Hai Phong project. Photo: Logicross Hai Phong

With a scale of 150,968 m2, Logicross Hai Phong provides approximately 85,768 m2 of modern pre-built warehouses, including 2 independent warehouse blocks. The project has a total investment capital of 55 million USD invested by Mitsubishi Estate Group, expected to operate in the third quarter of 2025. The project is built according to international standards, meeting the needs of tenants, meeting the requirements of EDGE Advanced certification, integrating sustainable features to optimize tenants' operating costs and minimize environmental impact.

Speaking at the groundbreaking ceremony, Mr. Le Trung Kien, Head of the Hai Phong Economic Zone Management Board, said: “This is a key project, part of the city's economic development strategy. This project promises to make an important contribution to the development of logistics infrastructure, warehousing services and goods storage, meeting the growing needs of businesses in the region and internationally. At the same time, the project will also create many job opportunities, contributing positively to the socio-economic development of the locality. The presence of Logicross Hai Phong once again affirms the investment attraction of Hai Phong, as well as the trust of investors in the business environment here.”

In addition, the Hai Phong Economic Zone Management Board commits to accompany the investor, creating the most favorable conditions for the project to be implemented on schedule, ensuring quality and efficiency.

Logicross Hai Phong is expected to become an important logistics center in the Northern gateway area, serving a variety of goods in many fields. Tenants at Logicross Hai Phong will benefit from a convenient location and the flexibility to choose floor space to suit their business needs, helping to optimize operational efficiency. The project provides enough power capacity to serve automation systems and spacious space for flexible storage.

Logicross Hai Phong is equipped with 96 automatic lifting floors, with a clear height of 10.5 m and a floor load of 3 tons/m2. The warehouse is installed with an ESFR sprinkler system according to TCVN standards, 3 charging points for forklifts in each rental unit (2 points in the warehouse, 1 point in the loading and unloading area), a 150 lx LED lighting system and a power capacity of 25 VA/m2. A 24/7 security system with high monitoring features also helps ensure the supply chain operates safely and continuously.

At the groundbreaking ceremony, Mr. Takashi Kagamoto, General Director of Mitsubishi Estate Vietnam Co., Ltd. emphasized: “Thanks to the geographical advantage and preferential policies from the Government, FDI investment in Hai Phong has grown strongly in recent times. This has created a rapid increase in logistics demand from domestic and international manufacturing industries. This has led to a significant increase in demand for high-quality logistics infrastructure to meet the development requirements of the economy. After starting with the Logicross Nam Thuan project in Long An province, Mitsubishi Estate is aiming to expand its presence in the North with the Logicross Hai Phong project. This is part of the group's long-term strategy to meet the growing demand for logistics infrastructure in Vietnam”.

In particular, in Hai Phong, Mitsubishi Estate has chosen the Nam Dinh Vu Industrial Park of Sao Do Group - an industrial park with good infrastructure connections, good electricity and other facilities, and close to Hai Phong Port. Along with the continuous expansion of Sao Do Group, it is expected to attract new manufacturing industries, leading to increased demand for logistics in the area surrounding the project.

Previously, on October 18, Mitsubishi Estate also held the groundbreaking ceremony for the Logicross Nam Thuan project in Long An province. The project in Long An officially marked Mitsubishi Estate Group's entry into the logistics infrastructure market in Vietnam.

Increase 189 billion VND investment in Bim Son - Nga Son - Hoang Hoa Industrial Park road

Thanh Hoa Provincial People's Committee has just approved the adjustment of the project of the Road from Bim Son Industrial Park to the coastal road section Nga Son - Hoang Hoa from 900 billion to more than 1,089 billion VND.

According to the People's Committee of Thanh Hoa province, the adjustment of the Project is necessary because during the implementation process, changes in state policies increased the cost of site clearance and fluctuations in prices of fuel, materials, labor, and construction machinery increased the construction cost, leading to exceeding the total investment approved by the Provincial People's Committee.

The initial total investment of the Project was approved by the Chairman of the Provincial People's Committee in Decision No. 490/QD-UBND dated February 5, 2021 at 900 billion VND. After adjustment, the total investment was more than 1,089 billion VND.

In addition, Thanh Hoa Provincial People's Committee also adjusted the capital source and capital structure, public investment capital managed by the province from project costs and compensation costs for site clearance in Ha Trung district has been allocated 718.6 billion VND, of which the central budget capital is 716.6 billion VND, the provincial budget capital is 2 billion VND.

Investment capital for site clearance through Nga Son district includes: 120 billion VND from the provincial budget; 80 billion VND from increased revenue and savings from the provincial budget; the remaining portion will be covered by the Nga Son district budget.

Bim Son town budget capital will take care of the remaining part to pay for compensation and site clearance costs for the project in Bim Son town.

The time for arranging capital to implement the project of the Road from Bim Son Industrial Park to the coastal road section Nga Son - Hoang Hoa is adjusted according to the project implementation schedule.

The Road Project from Bim Son Industrial Park to the coastal road section Nga Son - Hoang Hoa will be put into operation in 2025.

Investing more than 2,975 billion VND to build infrastructure of Dong Van VI Industrial Park, Ha Nam Province

Deputy Prime Minister Tran Hong Ha signed Decision No. 1426/QD-TTg dated November 19, 2024 on the investment policy for the project to invest in construction and business of infrastructure of Dong Van VI Industrial Park, Ha Nam province.

Illustration photo. (Source: Internet)

Approval of investment policy for the project to invest in construction and business of infrastructure of Dong Van VI Industrial Park

According to the approval of Deputy Prime Minister Tran Hong Ha, Ha Nam International Port Joint Stock Company is the investor of the Project.

The project is implemented in Tien Ngoai commune, Yen Nam commune and Tien Son commune, Duy Tien town, Ha Nam province with an area of 250 hectares, total investment capital is 2,975,581 billion VND.

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

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

The People's Committee of Ha Nam province is responsible for the truthfulness and accuracy of the information, reported data and appraisal contents according to the provisions of law; receiving opinions from the Ministries; organizing the development and implementation of plans for land recovery, compensation, support, resettlement, conversion of land use purposes, and land lease to implement the project in accordance with the documents approved by competent authorities on the scale of area, location and progress of project implementation; ensuring that there are no disputes or complaints about the right to use the project site; supplementing the lost area of specialized rice-growing land or increasing the efficiency of rice-growing land use according to the provisions of Point b, Clause 4, Article 182 of the Land Law.

In case there are public assets in the project implementation area, it is recommended to comply with the provisions of the law on management and use of public assets, ensuring no loss of state assets. Land allocation and lease for small, narrow plots of land managed by the State (if any) must ensure that they meet the criteria prescribed in Article 47 of Decree No. 102/2024/ND-CP dated July 30, 2024 of the Government detailing the implementation of a number of articles of the Land Law.

Strictly implement the responsibility of supervising and evaluating investment projects of the state management agency on investment as prescribed in Point a, Clause 2 and Point b, Clause 3, Article 70 of the Investment Law, Article 72 and Article 93 of Decree No. 29/2021/ND-CP dated March 26, 2021 of the Government stipulating the order and procedures for appraising important national projects and supervising and evaluating investment.

The People's Committee of Ha Nam province directs the Management Board of Industrial Parks of Ha Nam province 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.

At the same time, perform the responsibility of supervising and evaluating investment projects of the investment registration agency for projects under the authority to grant Investment Registration Certificates as prescribed in Point b, Clause 2 and Point c, Clause 3, Article 70 of the Investment Law, Article 71 and Article 94 of Decree No. 29/2021/ND-CP; guide, inspect and supervise investors in implementing the construction zoning plan of Dong Van VI Industrial Park approved by competent authorities, and completing construction procedures in accordance with the provisions of law on construction.

Ha Nam International Port 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; complies with the provisions of law in implementing the project according to this Decision; invests in the construction of infrastructure systems according to the construction planning of Dong Van VI industrial park approved by competent authorities; bears all risks, 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 the law on land...

Investing in Aeon Mall Can Tho Commercial Center, capital of 5,400 billion VND

Vice Chairman of Can Tho City People's Committee Duong Tan Hien has just signed and issued a Decision approving the investment policy and approving the investor for Hoa Lam Can Tho Investment and Development Joint Stock Company to implement the Aeon Mall Can Tho Trade and Service Center Project for tourism and office business (abbreviated name: Aeon Mall Can Tho Trade Center).

Aeon Mall Can Tho is expected to be operational by the end of 2027. Illustrative photo

The project's objective is to invest, construct, manage, operate and develop a comprehensive commercial center and provide related services, including: food and beverage services, children's play area (excluding electronic games with prizes) and lease counters, shelves, and sales spaces that have been fully invested, constructed, installed, and decorated.

Rent and sublease premises, warehouses, halls and other items in shopping malls.

Real estate consulting services; real estate management services; installation services; construction completion and finishing services; construction of construction works; implementation of import rights, export rights, wholesale distribution rights (without establishing wholesale establishments) and retail distribution rights (without establishing retail establishments) of goods according to the provisions of Vietnamese law...

Regarding land use scale, the project has a total land area expected to be transferred of about 84,998.5 m2 and the state-managed land interspersed in the project does not meet the conditions and criteria for separation into an independent project according to Decision No. 19/2024/QD-UBND dated October 11, 2024 of the City People's Committee with an area of about 3,871.57 m2 (actual data is based on measurement results and decisions of competent authorities to allocate and lease land in accordance with regulations).

The total construction floor area of the entire project is approximately 195,073 m2 (excluding the basement), of which: Phase 1 (commercial center 1) has a construction floor area of approximately 113,921 m2; Phase 2 (commercial center 2 and parking building) has a construction floor area of approximately 81,152 m2.

The project has an investment capital of VND 5,400 billion; of which, the investor's contributed capital is VND 1,080 billion and mobilized capital is VND 4,320 billion.

The project's operating period is 50 years from the date of issuance of the Decision approving the investment policy and approving the investor.

Project implementation location at Binh Nhut Area, Long Hoa Ward, Binh Thuy District, Can Tho City.

Regarding the project implementation progress, Phase 1 (Trade Center 1): It is expected to complete related administrative procedures, start construction, complete construction and put the project into operation within 36 months from the date of issuance of the Decision approving the investment policy and approving the investor.

Phase 2 (Commercial Center 2 and parking building): Within 10 years after phase 1 opens and subject to local and regional economic conditions.

Prime Minister approves increase in State capital for construction of Dong Dang – Tra Linh expressway to 9,800 billion VND

The Prime Minister has just signed Decision No. 1436/QD-TTg adjusting the investment policy of the Dong Dang (Lang Son province) - Tra Linh (Cao Bang province) expressway construction investment project under the PPP form approved in Decision No. 20/QD-TTg dated January 16, 2023.

Construction of tunnel No. 2 on Dong Dang - Tra Linh highway.

Accordingly, the preliminary adjusted total investment for phase 1 of the Project is 14,114,781 billion VND; the total investment for phase 2 will be accurately calculated when the implementation start date is determined.

The Prime Minister also decided to adjust the investment capital structure of the Project Phase 1. Accordingly, the capital mobilized by investors (equity, loans and other legal capital sources) is 4,314.781 billion VND; the state budget capital participation is 9,800 billion VND (previously 6,580 billion VND).

State capital will include capital to support construction of works, infrastructure systems of the project and to pay compensation, site clearance, resettlement support, and support for construction of temporary works for the entire project.

Of which, the central budget capital is 5,720 billion VND (including 2,500 billion VND assigned in the medium-term public investment plan of state budget capital for the period 2021 - 2025 and 3,220 billion VND for the period 2026 - 2030); local budget capital is 4,080 billion VND.

In addition, the project implementation time has also been adjusted, in which phase 1 is from 2020 to 2026; the operation time and toll collection to recover capital is about 22 years and 4 months. Phase 2 will be implemented after 2026.

Investors are allowed to use equity and capital mobilized from other legal sources to invest in the project; capital is repaid by collecting hidden tolls on the entire expressway.

The Project's fees will be collected in accordance with the provisions of law and ensure the harmony of interests between the State, users and investors. The State budget capital participating in the project will be implemented in accordance with Article 69 and Article 70 of the PPP Law.

The expected fare on the Dong Dang - Tra Linh expressway with a closed toll collection method, the fare for 5 groups of vehicles is respectively: 2,000 - 2,860 - 3,520 - 5,710 - 7,710 (VND/km), periodically after 3 years, the competent state agency will preside and coordinate with relevant agencies to evaluate and consider adjusting the road toll price of the Project.

The Prime Minister allows the Project to apply special mechanisms according to Appendix III (road projects through localities with one locality as the managing agency) and Appendix IV (projects applying policies on exploiting minerals as common construction materials) of Resolution No. 106/2023/QH15 dated November 28, 2023 of the National Assembly.

Other contents remain the same as Decision No. 1212/QD-TTg dated August 10, 2020 and Decision No. 20/QD-TTg dated January 16, 2023 of the Prime Minister.

The Prime Minister assigned the People's Committee of Cao Bang province to take full responsibility for the information and data in the report on the proposal to adjust the investment policy of the Project; to organize the preparation of the adjusted Feasibility Study Report according to regulations and to receive appraisal opinions of the Interdisciplinary Appraisal Council; and at the same time take full responsibility for selecting investors according to its authority and reviewing the selection of investors when the Project has adjusted investment policies, ensuring strict compliance with legal regulations.

The People's Committee of Cao Bang province is responsible for coordinating with the Ministry of Planning and Investment to review the contents of the negotiated and signed Contract between the Parties, adjust the BOT Project Contract in accordance with the provisions of the PPP Law and guiding Decrees, ensuring the harmony of interests of the State - Investors - People.

According to Mr. Ho Minh Hoang, Chairman of Deo Ca Group (the leading enterprise of the investor consortium), as of mid-November 2024, at the Dong Dang - Tra Linh Expressway Construction Investment Project, the site clearance work for the entire project reached 87.4 km/93.35 km (equivalent to 93.6%), of which Cao Bang province reached 41.1/41.55 km (equivalent to 99%), Lang Son province reached 46.3/51.8 km (equivalent to 90%).

With the spirit of "overcoming the sun, overcoming the rain", "eating quickly, sleeping urgently" and working in "3 shifts and 4 shifts", investors, project enterprises, and construction contractors mobilized 1,020 personnel, 357 machines and equipment, deployed 36 teams to simultaneously approach and organize construction day and night when the land segments were handed over.

The project has disbursed 1,429 billion VND of capital sources including State budget capital, mobilized investor capital and 120 billion VND of credit capital.

The total output expected to be completed in 2024 is 1,010 billion VND, the total disbursement of capital sources is 2,000 billion VND, laying the foundation for the determination to open the route in 2025.

Clarifying the investment rate of Quy Nhon - Pleiku Expressway Project with capital of 35,940 billion VND

The Ministry of Transport is requested to coordinate with localities to assess and clarify the preliminary total investment and the difference in investment rate of the Quy Nhon - Pleiku Expressway Project between the two sections in the two provinces of Binh Dinh and Gia Lai.

This is one of the contents in Official Dispatch No. 9505/BKHĐT – PTHTĐT recently sent by the Ministry of Planning and Investment to the Ministry of Transport to give opinions on the investment plan for the Quy Nhon – Pleiku Expressway Project through the two provinces of Gia Lai and Binh Dinh.

Illustration photo.

According to the Ministry of Planning and Investment, in the Road Network Planning for the period 2021 - 2030, with a vision to 2050, the Quy Nhon - Pleiku Expressway Project has an estimated length of 180 km, starting at Nhon Hoi Port, Binh Dinh Province and ending at Pleiku City, Gia Lai Province, with a scale of 4 lanes, and investment progress after 2030.

Now, the Ministry of Transport and localities propose to invest in the Quy Nhon - Pleiku Expressway Project with a length of 123 km, starting point in An Nhon town and investment progress before 2030, which is not consistent with the Planning approved by the Prime Minister in Decision No. 1454/QD - TTg dated September 1, 2021.

Therefore, the Ministry of Planning and Investment requests the Ministry of Transport to clarify the basis, necessity and report to the Prime Minister on the different contents between the Project investment scale and the approved planning; at the same time, clarify whether the Project's governing body will be the Ministry of Transport or the People's Committees of Gia Lai and Binh Dinh provinces as a basis for determining the responsibility for completing the Project's Pre-Feasibility Study Report.

According to the review and update at the present time, the preliminary total investment of the Quy Nhon - Pleiku Expressway Project is 35,940 billion VND with a route length of about 123 km, a scale of 4 lanes according to the plan; the project investment rate is about 292 billion VND/km.

This investment rate, according to the Ministry of Planning and Investment, is quite large compared to some East-West expressways in the area connecting the Central Coast region with the Central Highlands region such as: Khanh Hoa - Buon Ma Thuot expressway with a length of about 117.5 km, scale of 4 lanes in divergence with a total investment of 21,935 billion VND, investment rate of about 187 billion VND/km; Gia Nghia - Chon Thanh expressway with a length of about 128.8 km, scale of 4 complete lanes with a total investment of 25,540 billion VND, investment rate of about 198 billion VND/km and Nha Trang - Da Lat expressway with a length of about 99 km, scale of 4 complete lanes with a total investment of 25,058 billion VND, investment rate of about 253 billion VND/km.

According to the report of the People's Committee of Gia Lai and Binh Dinh provinces sent to the Ministry of Planning and Investment in May 2024, the section passing through Binh Dinh province has a route length of 57.6 km, the total estimated investment is about 18,200 billion VND, with an average investment rate of about 317 billion VND/km; the section passing through Gia Lai province has a route length of 85.6 km, the total estimated investment is about 19,373 billion VND, with an average investment rate of about 226 billion VND/km.

Therefore, the Ministry of Planning and Investment requests the Ministry of Transport to coordinate with localities to further evaluate and clarify the preliminary total investment, the difference in investment rate of the Project between the two sections in the two provinces and other routes, as a basis for reporting to the Prime Minister to submit to the National Assembly for approval of the investment policy according to regulations when conditions for implementation are met.

In addition, the People's Committees of Gia Lai and Binh Dinh provinces reported that "with the scenario of the maximum state capital support level of 50% of the total investment according to the provisions of the PPP Law, the Project does not ensure financial efficiency according to regulations.

In order for the Project to be financially effective and the payback period for the scenarios of about 25 years, 18 years, 10 years, the level of state capital needed to support the Project accounts for 76% to 88% of the total investment, so investing in the PPP method is ineffective and difficult to be feasible.

According to the Ministry of Planning and Investment, in the above analysis, the People's Committees of Gia Lai and Binh Dinh provinces have only made a preliminary report, and have not yet had a detailed assessment and analysis report on the data and input and output parameters of the Project under the PPP method to have a basis and basis to report to the Prime Minister.

Therefore, the Ministry of Planning and Investment requests the Ministry of Transport to coordinate with the two provinces of Gia Lai and Binh Dinh to analyze, clarify, and provide specific information and calculation data to prove the above statement; at the same time, unify the information and data between the Ministry's report and the reports of the two localities (the ratio of state capital participation for the Project to be financially effective) to prove the suitability and necessity of converting the investment form from PPP investment to public investment.

The Ministry of Transport is also advised to only propose investment using public investment capital when it is not possible to mobilize investment capital for the Project through other investment methods and is able to balance capital from the state budget to invest in the Project, ensuring feasibility, including taking into account the decentralization plan for each locality to proactively use state budget capital managed by the locality to invest in sections of the route passing through the management area to reduce pressure on the central budget capital in the period of 2026 - 2030.

Ho Chi Minh City proposes to spend 1,850 billion VND of budget capital to invest in Phan Dinh Phung stadium.

The Department of Culture and Sports of Ho Chi Minh City has just sent report No. 5955/BC-SVHTT to the City People's Committee, the City People's Council and the Department of Planning and Investment on the Pre-feasibility Study Report for the Project to build Phan Dinh Phung Sports Center, District 3 (referred to as Phan Dinh Phung Gymnasium Project).

The land for the construction of Phan Dinh Phung stadium has been wasted for many years in the center of Ho Chi Minh City - Photo: Le Toan

According to the report, the project is invested in the 14,417 m2 land area of the old Phan Dinh Phung stadium, in District 3, Ho Chi Minh City.

The project is expected to build 3 floors above ground and 3.5 basements, with a total maximum construction floor area (including underground space) of 59,679 m2 and a building height of 28 m.

Phan Dinh Phung Stadium will meet the needs of training and competing in 13 sports such as volleyball, basketball, fencing, badminton... The stands are designed with 4000-5000 seats.

The project has a total estimated investment of 1,850 billion VND, invested with the City budget.

Project implementation period is from 2024-2029. In 2024, a pre-feasibility study report will be prepared and submitted for approval. In 2025, architectural design competition (if any) will be held; feasibility study report will be prepared and submitted for approval.

In 2026, the construction drawing design and estimate will be prepared, appraised and approved; the contractor will be selected; construction will begin. In 2027, construction will continue; in 2028, the project will be completed, accepted and put into use. In 2029, the project will be finalized.

With the progress as proposed by the Department of Culture and Sports of Ho Chi Minh City, it is very difficult for the project to start before April 30, 2025 as directed by the Chairman of the City People's Committee.

Previously, at the end of April 2024, the Ho Chi Minh City People's Committee decided to stop implementing the Phan Dinh Phung Stadium Project under the BT form to switch to investment using the City's budget.

However, up to this point, the termination agreement with the investor has not been completed because the two parties have not agreed on a compensation plan for the enterprise.

Phan Dinh Phung Stadium project is located on a "golden" land plot with an area of 1.44 hectares in the central area of District 3, Ho Chi Minh City. It was approved for investment in the form of BT in 2010 and the project was approved in 2016.

In June 2018, Ho Chi Minh City People's Committee signed an investment agreement with the Joint Venture of Compensation and Clearance Joint Stock Corporation - Phat Dat Real Estate Joint Stock Company to implement the Project.

However, before the project could start construction, the BT investment form was "terminated" according to the Law on Investment under the Public-Private Partnership (PPP Law), effective from the beginning of 2021. Since then, the project has been stuck and cannot be implemented.

Due to slow progress, the total investment of the Project increased from VND 988 billion to VND 2,215 billion. At the end of April 2024, the Ho Chi Minh City People's Committee decided to stop implementing the Project under the BT form and switch to investment using budget capital.

More than 2,300 billion VND invested in Binh Thuan industry

The Management Board of Industrial Parks (IPs) of Binh Thuan has just granted the Investment Registration Certificate to the Neotek Vietnam Industrial Factory project in Ham Kiem II - Bita's Industrial Park and the project of Factory producing flooring and natural wood furniture products in Tan Duc Industrial Park.

Binh Thuan grants investment certificates to two projects worth 2,300 billion VND (Illustration photo of Tan Duc Industrial Park)

Neotek Vietnam Industrial Factory Project of NeoSCM Limited Company has a registered investment capital of more than 2,200 billion VND (equivalent to 88 million USD), deployed on an area of 13,238 hectares in Ham Kiem II Industrial Park in Ham Thuan Nam district.

Mr. Phung Huu Cu, Head of Binh Thuan Industrial Park Management Board, said that Neotek Vietnam is a factory producing brake discs for all types of motor vehicles with a capacity of about 120,000 tons of products/year. The project will be deployed in the fourth quarter of 2024 and completed and put into production and business in 2027.

Meanwhile, the project of the factory producing natural wood flooring and interior products of Aurawood Binh Thuan Company Limited has a registered investment capital of more than 100 billion VND, deployed on an area of 1.5 hectares in Tan Duc Industrial Park, Ham Tan District. This factory has a capacity of 50,000 m2 of wooden flooring and 6,000 m3 of various types of wood/year. The project will be deployed from the fourth quarter of 2024 and completed and put into production and business in 2026.

Evaluating these projects, Mr. Cu affirmed that these are projects with quite large scale and capacity in the fields that the province is encouraging investment in; at the same time, these projects are also part of the development strategy, calling for investment in the coming time and are consistent with the Planning of Binh Thuan province for the period 2021 - 2030, with a vision to 2050.

Da Nang grants 60 new FDI projects

According to the Department of Planning and Investment of Da Nang, by the end of October 2024, the city had attracted 210.055 million USD in FDI capital. Of which, 60 new projects were granted with registered capital of 203.684 million USD.

These new projects bring the total number of FDI projects in Da Nang to 1,012, with a total investment capital of nearly 4.55 billion USD. In addition, there are currently 40,984 enterprises, branches and representative offices operating in Da Nang with a total registered capital of 255,4623 billion VND.

Da Nang city has welcomed a large investment capital flow from FDI enterprises in 2024.

Da Nang City also attracted VND34,694.60 billion in domestic investment capital. Of which, newly issued Investment Policy Decisions and Investment Registration Certificates for 8 projects with a total investment capital of VND26,945 billion; issued adjusted Investment Policy Approval Decisions/Investment Registration Certificates for 6 projects with a total additional capital of VND7,749 billion.

Up to now, Da Nang City has 380 domestic investment projects in industrial parks, high-tech parks and information technology parks with a total investment capital of 224,044 billion VND.

At the same time, there are 399 domestic projects located in industrial parks, high-tech parks and information technology parks with an investment capital of VND34,780 billion.

According to the Department of Planning and Investment of Da Nang, the City has synchronously and drastically implemented Resolution No. 02/NQ-CP of the Government on key tasks and solutions to improve the business environment and enhance national competitiveness.

In particular, Da Nang focuses on implementing the Da Nang City Planning for the period 2021-2030, with a vision to 2050, approved by the Prime Minister.

Focus on removing difficulties and obstacles, speeding up procedures, implementing key, large-scale, dynamic projects; implementing procedures to remove projects to free up resources according to the Project "Plan to remove difficulties and obstacles related to projects".

Da Nang City has also actively implemented the activities of the Inter-sectoral Working Group on Investment Promotion and Support, reviewing and synthesizing difficulties and obstacles of projects being promoted and supported for investment in the city.

In addition, Da Nang also has many groups of policies to support businesses, including policies to support businesses issued by the Central Government and the city's own support policies. Up to now, the city has 15 policies to support businesses.

Da Nang City has stepped up investment promotion activities; prioritizing the attraction of high-tech industries, focusing on semiconductor design technology, artificial intelligence technology, big data technology, digital technology, etc., to anticipate the flow of foreign direct investment shifting to Vietnam.

Advance payment of over 410 billion VND for the National Highway 91 Upgrade Project, Can Tho City

Chairman of Can Tho City People's Committee Tran Viet Truong has just signed and issued a Decision on advancing the capital plan for the Project to upgrade and expand National Highway 91 (section from Km0 - Km7), Can Tho City from local budget sources.

Accordingly, the People's Committee of Can Tho City assigned 410,161 billion VND in advance capital plan for the Project to upgrade and expand National Highway 91 (section from Km0 - Km7) invested by the City Construction Investment Project Management Board from local budget sources.

The project starts at the intersection of Cach Mang Thang 8 - Hung Vuong - Tran Phu - Nguyen Trai streets, in Ninh Kieu district.

Of which, the excess revenue from land use in 2023 is 196,573 billion VND; the excess revenue from lottery in 2023 is 213,588 billion VND.

Can Tho City People's Committee assigned the Director of the Department of Planning and Investment, Director of the Department of Finance, Director of the Can Tho State Treasury, Director of the City Construction Investment Project Management Board and Heads of relevant agencies and units to implement, ensure strictness and disbursement of all assigned capital plans in accordance with regulations.

The project to upgrade and expand National Highway 91 (section from Km0 - Km7), Can Tho City was approved by the People's Committee of Can Tho City in Decision No. 1644/QD-UBND dated July 23, 2024.

The project starts at Km0+000 at the intersection of Cach Mang Thang 8 – Hung Vuong – Tran Phu – Nguyen Trai streets, in Ninh Kieu district. The end point is at column Km7 of National Highway 91, connecting with the section Km7+00 – Km14+000 (implemented by the Ministry of Transport) currently in operation, in Binh Thuy district.

Regarding the scale of the project, the main route is an urban road, with a design speed of Vtk = 60 km/h. The total length of the route is about 7,040m, including the Binh Thuy bridge section with a length of about 145m (main bridge length).

Regarding the cross-section of the route, the sections from Km0+000 (beginning of the route) to about Km3+772.06 (extending the road to the beginning of Binh Thuy bridge) and from about Km4+496.15 (extending the road to the beginning of Binh Thuy bridge) to Km7+045.81 (end of the route, column Km7 of National Highway 91), the cross-section of the road is wide Bnè = 37.0m.

Binh Thuy bridge section, from Km3+832.06 (bridgehead road on Ninh Kieu district side) to Km4+435.83 (bridgehead road on Binh Thuy district side), bridge cross-section width Bcau = 28.0m.

The connecting sections extend from about Km3+772.06 to Km3+832.06 and from Km4+435.83 to about Km4+496.15, the cross-section extends from Base = 37.0m – 48.0m.

There are 11 level crossings on the route, connecting to existing roads. The design is to extend into existing roads and arrange a waiting lane for left-turn vehicles on the main route. The first intersection of the route will adjust the intersection format from a roundabout to a traffic island and traffic lights.

The project has a total construction investment of nearly 7,238 billion VND, from the central and local budgets. Of which, compensation, support and resettlement costs are more than 5,556 billion VND; construction costs are more than 1,302 billion VND; the rest are equipment costs, project management costs, construction investment consulting costs, other costs, and contingency costs.

The project is expected to be completed in 2027. At that time, it will improve the efficiency of exploiting National Highway 91 through Can Tho City, especially connecting Tra Noc Port - Industrial Park, Can Tho Airport with neighboring areas; reduce frequent traffic congestion and potential traffic accidents on the Km0 - Km7 section.

Source: https://baodautu.vn/binh-dinh-thu-hut-them-du-an-20-trieu-usd-hai-phong-dong-tho-nha-may-ton-thep-45-trieu-usd-d230743.html