Deal #5197

Land area

Intended size

1 475 ha

Size under contract (leased or purchased area)

[2015, current] 750 ha

Comment on land area

Includes 198ha of industrial land and 81ha of commercial and residential land

Intention of investment

[current] Industry, Other

Comment on intention of investment

Industrial park and an urban area along with housing for workers, schools, and entertainment services

Nature of the deal

Lease

Negotiation status

[2015, current] Concluded (Contract signed)

Comment on negotiation status

An investment license to be granted in July. (Article in 04:06:2015, http://vneconomictimes.com/article/property/construction-of-vsip-nghe-an-on-horizon)

Implementation status

[2016, current] In operation (production)

Comment on implementation status

"To date, 124ha of land has been resettled and handed over to VSIP and many more will be handed over in the coming months." http://www.vir.com.vn/vsip-nghe-an-commences-construction.html As of December 15, 2021, VSIP Nghe An Industrial Park has attracted 30 investment projects (including 14 FDI projects) with a leased land area of 131.34 hectares (out of the total construction land area). factory 263.23ha), reaching the occupancy rate of 49.9% (expected to attract more than 40,000 local workers); the average investment rate of secondary projects in VSIP Nghe An Industrial Park is about 115.08 billion VND/ha. It is expected that by the second quarter of 2022, the entire land area of the project's Industrial Park will be filled. See: https://baonghean.vn/vsip-nghe-an-khu-cong-nghiep-do-thi-va-dich-vu-dang-cap-301593.html

Contract farming

No