Approval for Investment in Long Duc Industrial Park Phase 2 Covering Nearly 294 Hectares

​(News Portal – Dong Nai) - Deputy Prime Minister Tran Hong Ha has signed Decision No. 265/QĐ-TTg approving the investment policy for the construction and business operation of the infrastructure for Long Duc Industrial Park (Phase 2). 

The Long Duc Industrial Park Phase 2 project covers an area of nearly 294 hectares. 

According to this decision, the investor for the construction and operation of the infrastructure of Long Duc Industrial Park (Phase 2) is VRG Long Duc Investment Corporation.

The Long Duc Industrial Park Phase 2 project spans nearly 294 hectares (excluding the land area leased to Nano Architecture and Furniture Joint Stock Company and the land area for state-funded transportation works). The project has an operational duration of 50 years from the date of investment policy approval and investor approval. The project is located in Long Duc Commune, Long Thanh District.

In the decision, Deputy Prime Minister Tran Hong Ha tasked the Dong Nai Provincial People's Committee with directing the Dong Nai Industrial Zones Authority and relevant agencies to require the investor to review, calculate, and determine the total investment capital in accordance with the approved construction planning and regulations under construction law and other relevant laws. The infrastructure of the industrial park must meet modern standards. Additionally, the project timeline must be specified in the Investment Registration Certificate and not exceed 36 months from the date of land allocation, lease, or land-use conversion. Investment incentives, support, and applicable conditions must comply with current legal regulations.

The Dong Nai Provincial People's Committee is also responsible for organizing and implementing plans for land recovery, compensation, site clearance, land-use conversion, and land leasing to ensure the project aligns with documents approved by competent authorities and complies with land laws, public asset management regulations, and other relevant legal provisions. Land leasing for the project must not involve land-use rights auctions or investor selection bidding for projects using land, ensuring no loss of state assets. ​