On January 5, 2025, Deputy Prime Minister Tran Hong Ha signed Decision No. 29/QD-TTg. The decision approves the investment policy for the project to build and operate the infrastructure of Vinh Quang industrial park (phase 1), Hai Phong city. Idico Vinh Quang Joint Stock Company has been approved as the investor to implement the project.
Scale of 226.01 ha, 50-year operation term
The project is implemented in three communes: Vinh Quang, Cong Hien, and Thanh Luong in Vinh Bao district, Hai Phong city. The total area of the project is 226.01 ha and the operation duration is 50 years. The total investment capital is determined at 3,550.804 billion VND. Of this, the capital contributed by the investor is 536.178 billion VND. A notable point is that the industrial park will have its infrastructure invested according to the eco-industrial park model.
Responsibilities of ministries and sectors
According to the Decision, the Ministry of Planning and Investment is responsible for the contents assigned for appraisal of the investment policy. This ministry also performs the state management function over industrial parks in accordance with the law on investment and related laws. Other ministries are responsible for the appraisal parts within their functions and duties.
Requirements for the People's Committee of Hai Phong city
The People's Committee of Hai Phong city must ensure the truthfulness and accuracy of the reported information and data along with the appraisal contents, while also incorporating comments from ministries. The city needs to ensure the project is included in the land allocation and zoning plan of the approved Hai Phong City Master Plan. The project must also be allocated sufficient industrial park land quotas to be implemented on schedule.
Regarding the remaining 123.99 ha in the Vinh Quang industrial park plan, the city is responsible for managing and using this area in accordance with regulations on planning, industrial park management, land, and related regulations. Investment procedures for this area will be applied according to the laws in effect at the time of implementation.
The City People's Committee also assigns the Hai Phong Economic Zone Management Board and relevant agencies to monitor and supervise the project implementation process. The goal is to ensure the project meets the requirements for protecting and promoting the value of cultural heritage in accordance with the law on cultural heritage.
In addition, the city has the task of guiding, inspecting, and supervising the investor on the following contents:
- Implementing the project in accordance with the approved Vinh Quang industrial park zoning plan and completing construction procedures.
- Ensuring the location and area scale are consistent with the investment policy.
- Ensuring land use structure and environmental safety distances meet the National Technical Regulations on construction planning.
- Attracting projects in sectors and trades that have been registered and are consistent with the industrial development orientation of the Red River Delta and Hai Phong city, in accordance with the approved national master plan, regional planning, and provincial planning.
During the implementation process, the city requires the investor to carry out three main groups of contents:
- If minerals with higher value than common construction materials are discovered, the investor must report to the competent authority for handling in accordance with the law on minerals.
- The investor must comply with the Law on Environmental Protection, Law on Irrigation, Law on Water Resources, Law on Natural Disaster Prevention and Control, and related regulations. The project must not affect drainage capacity or cause flooding for the surrounding area, and must comply with regulations on electricity and electrical safety.
- The investor must coordinate in compensation, support, and resettlement work. The investor also coordinates in building housing for workers and public service and utility works to serve employees in the industrial park.
In addition, the city is responsible for inspecting and determining whether the investor is eligible for state land lease and land use purpose conversion at the time of performing these procedures. The city also strictly monitors the project progress and the use of equity as committed. Supervision also includes the real estate business conditions of the organization, according to point b, point c, clause 2, Article 9 of the Law on Real Estate Business and clause 1, Article 5 of Decree No. 96/2024/ND-CP.
Commitment of the investor Idico Vinh Quang
Idico Vinh Quang Joint Stock Company is responsible before the law for the legality, accuracy, and truthfulness of the project dossier as well as documents sent to state agencies. The enterprise has the obligation to implement the project in accordance with the approved planning and investment policy. The infrastructure system of Vinh Quang industrial park (phase 1) must be built according to the zoning plan approved by the competent authority.
The investor must use the owner's contributed capital as committed and comply with the laws on investment, land, and real estate business. The enterprise must also fully meet the conditions for real estate business according to Point b and Point c, Clause 2, Article 9 of the Law on Real Estate Business and Clause 1, Article 5 of Decree No. 96/2024/NĐ-CP.
With the orientation of an eco-industrial park, the investor shall register the industries and trades for investment attraction according to Point b, Clause 2, Article 27 of Decree No. 35/2022/NĐ-CP. The enterprise prioritizes attracting projects capable of industrial linkage and symbiosis, meeting Clause 5, Article 2, Article 37, and Clause 2, Article 38 of this Decree. Attracted projects must be consistent with the registered industries and trades and the industrial development orientation of the Red River Delta region and Hai Phong city. This orientation is defined in the national master plan, regional plan, and provincial plan for the 2021-2030 period, with a vision to 2050.
Annually, the investor must submit periodic reports to serve the monitoring, supervision, and evaluation of the effectiveness of the eco-industrial park and eco-enterprises, in accordance with Article 43 of Decree No. 35/2022/NĐ-CP. In case of failure to fulfill commitments or violation of laws on investment, land, and industrial parks, the investor shall bear all risks, costs, and responsibilities according to Article 47 and Article 48 of the Law on Investment.
