Please note: you are viewing an old version of this deal. The current version can be found here: Deal #5400

Deal #5400 Version #72342

Vietnam

Created at

2017-03-13

Last update

2020-07-19

Last full update

2022-03-18

Land area

Intended size

3 160 ha

Size under contract (leased or purchased area)

[2017, current] 498.0 ha

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

[current] 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

Lease

Comment on nature of the deal

WHA Hemaraj Industrial Zone in Nghe An will comprise both integrated industrial zone and, later on, high tech, commercial, and township development with a lease term of up to 70 years.

Negotiation status

[2016, current] Concluded (Contract signed)

Comment on negotiation status

Hermaraj – Cienco4 JSC will be established under the authorization of WHA Hemaraj Land and Development (SG) Pte. Ltd - Cienco4 with the percentage of shares respectively of 80% -20%.

Implementation status

[2017, current] Startup phase (no production)

Comment on implementation status

Hermaraj – Cienco4 Joint venture will implement the investment in IZ development stage 1 with the area of 500ha at the Nam Cam IZ, Nghi Loc District, Nghe An province. The project will be expected to start in January 2017 and complete in 2021. The whole project is divided into 7 stages of development that will be commenced in 2017 and completed in 2038.

Purchase price

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