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Deal #3378 Version #60437

Vietnam

Created at

2013-03-12

Last update

2016-08-08

Last full update

2022-03-18

Land area

Size under contract (leased or purchased area)

[2010, current] 100000.0 ha

Size in operation (production)

[2015, current] 1700.0 ha

Comment on land area

This is just one of 6 concessions of the company in Vietnam. Altogether the concessions of the company amount to 349,000 ha.

Intention of investment

[current] Timber plantation for wood and fiber

Comment on intention of investment

Objectives and scope of Project in the Investment License: Plantation of high quality industrial material forests

Nature of the deal

Lease

Negotiation status

[2006, current] Concluded (Contract signed)

Comment on negotiation status

Investment License: No 221.043.000.082, issued on December 14th, 2006. Amended Investment License No 22.122.000.086 dated April 18th, 2007.

Implementation status

[2006] In operation (production)
[2015, current] In operation (production)

Comment on implementation status

Part of the project has been temporarily abandoned/halted, since parts of the concession are located in areas that are “sensitive to the national security and defense” , but there are still 1700 hecta in operation (http://www.vir.com.vn/forest-projects-facing-the-axe.html).