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Deal #3380 Version #60462

Vietnam

Created at

2013-03-12

Last update

2016-08-12

Last full update

2022-03-18

Land area

Size under contract (leased or purchased area)

[2010, current] 70000.0 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

Nature of the deal

Lease

Negotiation status

[2007, current] Concluded (Contract signed)

Comment on negotiation status

Investment License (No: 271 043 000 003) was issued by Nghe An Provincial People's Committee on June 25th, 2007; plantation in Que Phong districts has been approved by Province People Committee for plantation (as of 2nd quarter, 2010)

Implementation status

[2007] Startup phase (no production)
[2010, current] Project abandoned

Comment on implementation status

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

Leasing fees

Comment on leasing fee

$0.0025 per square meter from May 28 2009 until June 25 2057.