Deal #3382

Land area

Size under contract (leased or purchased area)

[2008, current] 65000 ha

Size in operation (production)

[2010, current] 378 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

Material forest plantation for Processing mills in Kon Tum province

Nature of the deal

Lease

Negotiation status

[2008, current] Concluded (Contract signed)

Comment on negotiation status

Investment License (No. 381043000001) issued by Kon Tum Provincial People's Committee on March 10th, 2008; plantation in Sa Thầy, Tu Mơ Rông, Đăk Tô, Đăk Hà, Đăk Glie districts has been approved by Province People Committee for plantation (as of 2nd quarter, 2010)

Implementation status

[2010, current] In operation (production)

Comment on implementation status

Vietnamese source: 2009-2010, the area under production is 377,6 ha (http://cand.com.vn/Phong-su-tu-lieu/Nhieu-bat-cap-trong-du-an-thue-dat-trong-rung-o-Kon-Tum-90252/). Until 2015, project is still among the biggest project in the region (http://www.taichinhdientu.vn/tai-chinh-trong-nuoc/thu-hut-von-fdi-vao-tay-nguyen-giup-tang-nang-luc-cua-cac-nganh-cong-nghiep-143292.html) (https://www.vietnambreakingnews.com/2015/03/provinces-ordered-to-vigilantly-monitor-foreign-forestry-projects/)