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Deal #3381 Version #60471

Vietnam

Created at

2013-03-12

Last update

2015-04-01

Last full update

2022-03-18

Land area

Size under contract (leased or purchased area)

[2010, current] 30000.0 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

Project's objectives: Material forest plantation to establish concentrated and big-scaled material areas for mills' production of MDF, veneer, plywood, wooden utensils, furniture …

Nature of the deal

Lease

Negotiation status

[2008, current] Concluded (Contract signed)

Comment on negotiation status

Investment License (No. 331043000016) was issued by Quang Nam Provincial People's Committee on July 10th, 2008; plantation in Tay Giang districts has been approved by Province People Committee for plantation (as of 2nd quarter, 2010)

Implementation status

[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).