Deal #5195

Land area

Intended size

700 ha

Size under contract (leased or purchased area)

[2007, current] 700 ha

Size in operation (production)

[2016, current] 700 ha

Comment on land area

Groundbreaking: December 2007, 40 customers (2 in operation) in 2012. Only industrial park, without Integrated Township (plus 200ha) See: http://landmatrix.org/media/uploads/5_industrial_space_solutions_in_vietnam_sembcorp.pdf, See: Northern Economic Zone

Intention of investment

[current] Industry, Other

Comment on intention of investment

Schools, sporting facilities, medical center and other utilities (200 ha), with industrial park development (500 ha).

Nature of the deal

Lease

Negotiation status

[2007, current] Concluded (Contract signed)

Implementation status

[2016, current] In operation (production)

Comment on implementation status

"After nearly nine years of operation, the IZ has attracted 70 projects..." Other companies are conducting their business in the industrial park. See http://baobacninh.com.vn/news_detail/92144/70-du-an-dau-tu-vao-kcn-vsip-bac-ninh.html Project kick off in 2015, See: http://vneconomictimes.com/article/property/construction-of-vsip-nghe-an-on-horizon Held ground opening ceremony of office building in 2019, See: https://en.vietnamplus.vn/vsip-bac-ninh-holds-ground-opening-ceremony-of-office-building/147123.vnp

Leasing fees

Annual leasing fee

85

Comment on leasing fee

Land rental with infrastructure: 120-200 USD/m2/year (depending on the location of each lot) Land rent: 85 USD/m2/year Investors when renting land and factories in VSIP Industrial Park will be granted an Investment Certificate with the operating period of the IP: 50 years from the date the Management Board of Bac Ninh Industrial Park issues the Investment Certificate (November 30). 2007) See: https://iipvietnam.com/khu-cong-nghiep-vsip-bac-ninh-915212.html

Contract farming

No