Deal #5400

Location #1

Spatial accuracy level
Administrative region
Location
Nghe An, Vietnam

Target country
Vietnam
Comment on location
Districts Nghi Loc, Dien chau

Land area

Intended size (in ha)
3160
Size under contract (leased or purchased area, in ha)
[2017] 498
Comment on land area
WHA Hemaraj 1 - Nghe An industrial zone project with a total area of over 2,000ha located at the Nam Cam Industrial Zone in Nghi Loc district, and in the WHA Hemaraj 2 - Nghe An industrial zone project with an area of nearly 1,160ha at the Tho Loc Industrial Zone in Dien Chau district. See http://en.nhandan.com.vn/business/investment/item/4258002-thai-hemaraj-to-develop-two-industrial-zones-in-nghe-an.html. See http://www.thaipr.net/finance/758651 This project is divided into 7 phases, and is expected to start from 2017 and complete after 2030. In the first phase, they will carry out the project in an area of 500 hectares in Nam Cam Industrial Zone, Nghi Loc district , Nghe An province from January 2017 to 2021. See: http://landmatrix.org/media/uploads/viet-newsnetindustrial-park-usd-1-billion-built-nghe-an.pdf WHA Group to develop first Industrial Zone in Nghe An Province, 1st phase in Feb. 2017: 498 ha See: http://landmatrix.org/media/uploads/thaiprnetfinance758651.pdf

Intention of investment

Intention of investment
Industry
Comment on intention of investment
Constructing Industrial Zone. build a system of complete infrastructure of industrial parks, logistic base and urban areas to attract secondary investors to build factories and production base. See http://viet-news.net/industrial-park-usd-1-billion-built-nghe-an/

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2016] Concluded (Contract signed)
Comment on negotiation status
Information on signing the investment agreement is October 2016. See http://viet-news.net/industrial-park-usd-1-billion-built-nghe-an/

Implementation status

Implementation status
[2017] Startup phase (no production)
Comment on implementation status
In the first phase, they will carry out the project in an area of 500 hectares in Nam Cam Industrial Zone, Nghi Loc district, Nghe An province from January 2017 to 2021. See http://viet-news.net/industrial-park-usd-1-billion-built-nghe-an/

Purchase price

Purchase price currency
Dong (₫)
Purchase price area type
per ha
Comment on purchase price
Not more than 2 000000000 per ha for agricultural land. See http://www.baomoi.com/gia-den-bu-dat-lua-dat-mau-du-an-hemaraj-khong-qua-2-ty-dong-ha/c/20212808.epi

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
70

Operating company

Name of investment project
WHA Hemaraj

 

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Data source #1

Data source type
Media report
File
Date
2017-02-22

Data source #2

Data source type
Media report
File
Date
2016-05-05

Data source #3

Data source type
Media report
File
Date
2016-10-07

Data source #4

Data source type
Government sources
File
Date
2016-05-03

Data source #5

Data source type
Company sources
File

Data source #6

Data source type
Company sources
File

Data source #7

Data source type
Media report
File
Date
2017-02-22

Data source #8

Data source type
Media report
File
Date
2016-05-04
Comment on data source
Vietnamses source on promise of investors to compensate affected households.

Data source #9

Data source type
Media report
File
Date
2016-08-30
Comment on data source
Vietnamese source on compensation of investors.

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
Yes. http://vinhomesriverside.nhavuong.vn/phat-sot-voi-du-an-bat-dong-san-hemaraj/

Oct. 5, 2017, 6:30 p.m.

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Oct. 5, 2017, 4:51 p.m.

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March 13, 2017, 2:43 p.m.

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