Dong Nai to shut down industrial park

07-Sep-2019 Intellasia | VNS | 6:02 AM Print This Post

The southern province of Dong Nai has proposed government remove Bien Hoa 1 Industrial Park from the national industrial park planning, Dong Nai newspaper reported.

The province wants to protect the living conditions for millions of households in Bien Hoa City and neighbouring provinces, the newspaper said on Tuesday.

When being removed, enterprises at the industrial park will auction their land areas so that the province can develop a smart complex for urban residency, shopping and provincial administration.

The provincial People’s Committee made the same proposal 10 years ago. The prime minister in 2009 approved the province move Bien Hoa 1 Industrial Park to outside the city.

Authorities wanted to shut down the industrial park by 2022, however, the plan was delayed due to administrative policies.

Bien Hoa 1 Industrial Park was established in 1963, with 82 enterprises currently operating.

Twenty-one of the enterprises at the industrial park have land lease licences that validate to 2051. Five enterprises’ licences will expire in 2021. Fourteen enterprises have shut down business operation and are leasing their land areas.

http://bizhub.vn/news/dong-nai-to-shut-down-industrial-park_308832.html

 


Category: Business, Vietnam

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