Deal #3378

Vietnam
Created at
2013-03-12
Last update
2022-03-28
Last full update
2022-03-18

Land area

Size under contract (leased or purchased area)
  • [2010, current] 100000 ha
Size in operation (production)
  • [2015, current] 1700 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

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

Nature of the deal
Lease

Negotiation status

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

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).