Ninh Thuy Industrial Zone
The Prime Minister authorized the People's Committee of Khanh Hoa province to establish and select investors in Ninh Thuy Industrial Zone according to Document No. 133/CP-CN on Jan 30, 2004. The People's Committee of Khanh Hoa province issued Decree No. 2627/QD-UB on Oct 7, 2004 to establish Ninh Thuy Industrial Zone in Ninh Hoa district (scale of 206.4 hectares), and approved investment projects in construction and business development of infrastructure in Ninh Thuy Industrial Zone according to Document No. 1088/UB on Apr 13, 2004 and 1594/UB on May 20,2004. The investor is Hoan Cau Limited Company, Nha Trang City. Provincial People's Committee has already made a decision on the overall land acquisition and handover to the project investor, but the detailed planning needed to be adjusted (in order to deal with the land area which was allocated to other businesses and organizations before; and to reconstruct of the intersection with the Highway 26B), and some other difficulties of the investors have slowed down the progress of the project. However, so far, investors have been able to implement their projects. (Under the Land Law in 2003, if investors of investment projects in industrial zones, in which the state is responsible for the land acquisition, clearance and compensation, are domestically located, they must pay their rent in advance to carry out this work.)
Nghi Son Cement Corporation was granted the investment license by the Ministry of Planning and Investment in cement packing and distribution station in Ninh Thuy Industrial Zone. However, the handover of land to the investors has not been carried out yet because of the unfinished clearance of land area which has been allocated to Inserco. The provincial People’s Committee is directing the Department of Natural Resources and Environment to drastically make it happen.
Article: Ninh Thuy Industrial Zone
Topic: Econimic zones - Industrial zones
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