Deal #5179

Land area

Size under contract (leased or purchased area)

[2013, current] 1704 ha

Size in operation (production)

[2014, current] 180 ha

Comment on land area

Comprising a 1,200-hectare industrial park located in Son Tinh district’s Dung Quat Economic Zone, as well as a 504-hectare site zoned for commercial and residential purposes near downtown Quang Ngai city. Utilities infrastructure, civil and structural works in the start-up phase of 180 hectares are successfully completed. VSIP will move on with similar works in the second stage of development comprising 435 hectares of industrial zone and 100 hectares for commercial and residential development.. See http://www.vsip.com.vn/latest-news/vsip-quang-ngai-to-mark-its-one-year-anniversary.html

Intention of investment

[current] Industry, Other

Comment on intention of investment

Residential area. Target industries include food and beverage manufacturing, fast-moving consumer goods (FMCG), electronics assembly and other light industries catering to the oil and gas and chemical sectors.. See http://www.vsip.com.vn/latest-news/vsip-quang-ngai-to-mark-its-one-year-anniversary.html

Nature of the deal

Lease

Negotiation status

[2012, current] Concluded (Contract signed)

Comment on negotiation status

Licensed on April 23, 2012. See http://en.vietnamplus.vn/vsip-quang-ngai-progresses-on-right-track/68344.vnp

Implementation status

[2015, current] In operation (production)

Comment on implementation status

The first stage was completed and put into operation which lured 132 million USD of foreign direct investment. See http://www.quangngai.gov.vn/eng/Pages/qnp--qnpprint-11089-qnpnc-67-qnptype-1-qnpsite-1.html

Contract farming

No