According to the Ministry of Planning and Investment, the project to invest in construction and business of clean industrial park technical infrastructure includes investors: Korea Real Estate Group, TDH Ecoland Investment and Urban Development Joint Stock Company, TDH Ecoland Group. Korean Infrastructure and Urban Development Group abroad, KBI Construction Company and Shinhan Bank.
Project implementation progress is no more than 36 months from the date the state hands over the land. The project’s operating period is 50 years from the date the investment policy was decided.
To implement this project, the People’s Committee of Hung Yen province is responsible for directing the Industrial Zones Management Board of Hung Yen province to guide investors specifically on the project implementation progress according to the provisions of the 2014 Investment Law.
Notably, in the decision, the Prime Minister assigned the People’s Committee of Hung Yen province to be responsible for ensuring the accuracy of information, reported data, content received, explained and appraised according to the provisions of law. law, receive opinions from ministries and branches, implement projects in accordance with the planning approved by competent authorities.
At the same time, organize land recovery, compensation, site clearance, land lease, and land use conversion to implement the project according to the provisions of law. Ensure there are no disputes or complaints about the right to use the project location. Investors who meet the conditions are allowed to lease land from the state and are allowed to change the land use purpose according to the provisions of law.
Hung Yen province is also required to direct and coordinate with investors to implement compensation and site clearance plans according to regulations; Implement solutions related to the lives of workers working in industrial parks, including plans to build housing, social, cultural and sports facilities for workers, employment support, Provide vocational training for people whose land is recovered, carry out land recovery in accordance with the project implementation schedule and attract investment to minimize the impact on people whose land is recovered.