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

Deal #3381 Version #60474

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] 30000.0 ha
Size in operation (production)
  • [2013, current] 87.0 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. According to Vietnamese source, unitl 15 March 2013, the total area in use of the company is 70 ha in Nam Tra My district and 16,81ha in Tay Giang district (http://baodatviet.vn/chinh-tri-xa-hoi/tin-tuc-thoi-su/qua-trinh-quang-nam-cho-innovgreen-trung-quoc-thue-dat-trong-rung-3273458/).

Intention of investment

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

Nature of the deal
Lease

Negotiation status

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

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The investment license was withdrawn in 2013 and the provincial committe has issued the official decision on the breach of the contract with investor and contract indemnity in 2015.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
0
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/)