5 projects invest in VSIP Haiphong

Such information was exposed at the annual meeting, held on the morning of 15th March, for reviewing the development progress of VSIP Haiphong Integrated Township and Industrial Park Project. Chairman of Haiphong People’s Committee Duong Anh Dien attended and chaired the meeting.

Up to now, the project has been handed over 105 ha land to implement phase 1. Total 4,483 households have received payment of VND 603 billion for resettlement fee. 7,000 graves in the project area have been relocated. The resettlement land No.1 was already completed. The resettlement land No.2 is under construction and about to complete soon. There have been 5 projects which were issued investment certificates on total area of 50 ha land with total invested capital of USD 225 billion. Currently, the construction of infrastructure for the township and industrial park is in progress, in which 114 ha land were already sandfilled; 12 km of roads and infrastructures were already completed; other works are under construction including VSIP Haiphong Office Building, 110kV substation, water treatment plant, sewerage treatment plant, etc… However, the resettlement work is still facing some difficulties, i.e., 8 households have not received payment, 17 households already received payment but yet relocated, resettlement land projects have taken a lot of time pending approval of competent authorities, some administrative procedures are also pending authorities’ approval, etc…

Chairman of Haiphong People’s Committee Duong Anh Dien appreciated efforts of the Investor, and expected the Investor to develop VSIP Haiphong into a large integrated township and industrial park as designed. Chairman requested competent departments and Thuy Nguyen District to help release difficulties and obstacles in order for the Investor to speed up progress of the project. As targeted for the year 2012, VSIP Haiphong will attract about USD 500 million of foreign investment to the industrial park, which orients to attract Japanese investors with highly additional value and without causing environmental pollution. The Investor should conduct a closer and better coordination with Haiphong city in solving arisen issues regarding to the project, and maintaining a weekly report mechanism…