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Deal #542 Version #47612

Vietnam

Created at

2013-02-15

Last update

2021-04-28

Last full update

2022-03-17

Land area

Intended size

13 000 ha

Size in operation (production)

[2010-01-01, current] 9777.0 ha

Comment on land area

*Area of production forest classified as “plantation”: 9502.06

Intention of investment

[current] Timber plantation for wood and fiber

Comment on intention of investment

The company mainly plants acacia to make wood chip.

Nature of the deal

Lease

Comment on nature of the deal

*Decision No.621/TTg dated 29 September 1995, Decision No. 183/QD-TTg dated 21 March 1998

Negotiation status

[1994-01-01, current] Concluded (Contract signed)

Comment on negotiation status

By 2001 company received 62% of the land for plantations

Implementation status

[2002-01-01, current] In operation (production)

Comment on implementation status

By 2001 company received 62% of the land for plantations

Leasing fees

Annual leasing fee

per ha

Comment on leasing fee

The fee paid is calculated on the basis on the annual area harvested (AAH) x $10, plus a unit land fee fixed at $1 per ha for the full area planted. (See https://agritrop.cirad.fr/550308/1/document_550308.pdf) *The unit land lease fee (regardless of area harvested) is fixed at US$1/ha/year So the calculation of the lease, based on their planting program, will be between US$1,200-1,500 in 2002, increasing each year by the additional amount which has been harvested, up to a maximum total of US$10,000 per year by 2008.