Hong Thuan Agricultural Zone Project

The Hong Thuan Agricultural Zone Project is located in Binh An Commune, Bac Binh District, Binh Thuan Province, covering an area of 61.28 hectares. The land is state-managed, and the investment method does not involve the use of state budget funds.

                                                Melon Farming in Bac Binh. Archival illustrative photo.

Investors wishing to implement the project must meet the following conditions regarding financial capacity; Make an investment deposit and have no violations of land laws; Have experience in the agricultural sector (investors with experience or in joint ventures/partnerships); Have established a business in Binh Thuan Province or commit to establishing a business in Binh Thuan to implement the project; Commit to supporting the local community or investing in social welfare projects.

The application dossier includes: A written request for project implementation, including a commitment to bear all costs and risks if the project is not approved; Legal documents proving the legal status of the investor; Documents proving the investor’s financial capacity, including at least one of the following: the investor’s financial statements for the past 2 years; financial support commitment from the parent company; financial support commitment from a financial institution; guarantee of the investor’s financial capacity; or other documents proving financial capacity. The investment project proposal must include the following main contents: investor or method of selecting the investor, investment objectives, investment scale, investment capital and capital mobilization plan, location, duration, implementation schedule, current land use status at the project site and proposed land use demand (if any), labor demand, proposed investment incentives, project impact, socio-economic efficiency, and a preliminary environmental impact assessment (if any) in accordance with environmental protection law. In case construction law requires a pre-feasibility study report, the investor may submit this report instead of the investment project proposal. In case the investment project does not request the State to allocate land, lease land, or allow land use purpose conversion, a copy of land use right documents or other materials proving the right to use the site for project implementation must be submitted. An explanation of the technology used in the investment project is required for projects subject to appraisal and consultation on technology according to the law on technology transfer. Other documents related to the investment project, requirements on conditions and capacity of the investor as prescribed by law (if any); Map of the proposed land location for project investment (clearly indicating current status, boundaries, and land plot coordinates according to VN-2000 coordinate system, 3° zone, Binh Thuan area).

The investment registration dossier must be submitted in 4 sets to the Department of Planning and Investment of Binh Thuan Province within 30 days from the date of announcement. During the implementation process, if there are any difficulties or problems, investors are requested to contact the Department of Planning and Investment for guidance.

Source: baobinhthuan.com.vn