Vinh Phuc Province has announced an investment project for the Dong Soc Industrial Park, which will cover 207ha with a total investment of nearly VND2.23 trillion (US$96.9 million).

Deputy Prime Minister Le Van Thanh signed a decision approving the investment policy and its investor as Vinh Phuc Commercial Investment Joint Stock Company.

Based in Vinh Tuong District, the project implementation progress shall not exceed 36 months from the date of land allocation, according to the plan.

The Ministry of Planning and Investment is responsible for the contents of the report on the results of appraisal of project investment policies and performs the responsibility for State management in monitoring and directing industrial parks to operate in accordance with regulations.

Regarding the current status of farm land in the project implementation area, Vinh Phuc Provincial People's Committee is not allowed to transfer the remaining area of Dong Soc Industrial Park Development Planning approved by the Prime Minister to other uses without being approved by a competent authority according to regulations.

In addition, Vinh Phuc has to ensure conditions to allow the change of land use purpose in the process of land leasing, allowing the change of land use purpose to implement the project. — VNS