Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3381

Deal #3381 Version #60472

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] 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

[2013, current] Project abandoned

Comment on implementation status

The investment license was withdrawn in 2013 and the provincial committe has issued the official decision on the breach of the contract with investor and contract indemnity in 2015. (Vietnamese source http://baodatviet.vn/chinh-tri-xa-hoi/tin-tuc-thoi-su/qua-trinh-quang-nam-cho-innovgreen-trung-quoc-thue-dat-trong-rung-3273458/)

Leasing fees

Annual leasing fee

Comment on leasing fee

Vietnamese source: 0 for first 7 years for area in Que Son district, 0 for the whole project in 8 districts(http://baodatviet.vn/chinh-tri-xa-hoi/tin-tuc-thoi-su/qua-trinh-quang-nam-cho-innovgreen-trung-quoc-thue-dat-trong-rung-3273458/)