Deputy Prime Minister Le Minh Khai has signed Decision No. 214/QĐ-TTg dated March 1, 2024, approving the investment policy for the construction and infrastructure business project of Hiep Thanh Industrial Park – Phase 1in Tay Ninh Province.
Hiep Thanh Industrial Park covers an area of 495.17 hectares, with Vietnam Rubber Group – Joint Stock Company (VRG) as the investor.
The project’s total land use area is 495.17 ha, excluding the areas of Xom Bo – Bau Don road, irrigation canal N8, the planned Go Dau – Xa Mat expressway, and the Ho Chi Minh City – Tay Ninh railway route crossing the project site.
The project will be implemented in Da Hang and Giua hamlets, Hiep Thanh commune, Go Dau district, Tay Ninh province, with a total investment capital of VND 2,350 billion, including VND 352.5 billion in investor equity. The project’s operation term is 50 years from the date of investment policy approval (March 1, 2024).
The Prime Minister assigned the Tay Ninh Provincial People’s Committee to direct the Management Board of Tay Ninh Economic Zone and related agencies to guide the investor in phased implementation of the project, ensuring alignment with national land-use planning to 2025 (under Decision No. 326/QĐ-TTg and subsequent adjustments). Each phase must ensure effective land use and meet occupancy rates before proceeding to the next phase.
The Committee for Management of State Capital at Enterprises is responsible for overseeing VRG’s capital use, mobilization, and investment efficiency, ensuring the preservation and growth of state capital during project implementation.
The Tay Ninh Provincial People’s Committee must verify that the investor meets all land-lease and land-conversion conditions in accordance with the Land Law. The province will organize land recovery, conversion, and resettlement plans; develop worker housing, service facilities, and public utilities; and provide employment and vocational training support for rubber workers affected by land conversion.
The project area must not impact tangible or intangible cultural heritage, and all construction must comply with heritage protection regulations. If valuable mineral resources are discovered during implementation, the investor must promptly report them to the competent authorities.
VRG has committed to complying with all legal regulations and waiving claims or disputes if subsequent land or asset reviews by competent authorities result in adjustments to this decision.
The project will only commence after completion of state asset review and approval for non-auction land lease under Decrees No. 167/2017/NĐ-CP and No. 67/2021/NĐ-CP, and after the conversion of rubber-plantation land to non-agricultural industrial land.
The investor must ensure adequate equity contribution, conduct proper environmental impact assessments, and deposit a financial guarantee (or bank guarantee) in accordance with investment laws to secure project execution.