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It's still unclear if Vietnam will license more IZ projects (27/3)
27/03/2012 - 14 Lượt xem
The Vietnam-Singapore Industrial Park Joint Venture (VSIP) has said that it is
still pursuing the project on developing a complex of urban area, IZ and service
area, expected to cover an area of 1000 hectares in Quang Ngai province.
This would be the first complex of this kind in the central region, and the fifth IZ to be developed by VSIP in Vietnam.
Though the project is still waiting official licensing, VSIP believes that it is not the subject covered by the Instruction No. 07, because the project was approved in principle before as a part of the Dung Quat economic zone, which should not be considered a “new IZ project.”
The investor had a working session with the Quang Ngai people’s committee some time ago, where the local authorities were informed that the IZ project would start in the third quarter of 2012.
The Dung Quat Economic Zone’s Board of Management also thinks that the IZ must not be considered a new IZ project, and that it should be licensed soon after the investor completes necessary procedures.
The HCM City Management Board of Industrial Zones and Export Processing Zones (Hepza) also said that the board would license more IZ projects, which would be located on the area reserved for the IZ development program approved by the government before.
The government agreed to reserve 6000 hectares for IZ development. Meanwhile, to date, the licensed projects have covered 4000 hectares only, which means that more IZs would be arising on the remaining area of 2000 hectares.
Hepza has said that the city would develop the Dong Nam IZ, Phuoc Hiep and Xuan Thoi Thuong IZs, or expand the current Hiep Phuoc IZ. There are now 3 export processing zones (EPZ) in HCM City, 12 IZs covering an area of 3500 hectares. It is expected that 7 more IZs would be set up, raising the total number of IZs in the city to 22.
Meanwhile, the Long An provincial authorities have expressed their worry about how to deal with the projects which have not got licenses. In the past, the government agreed to allow to develop 30 IZs in the locality, while only 21 have been set up to date. A question has been raised that if the local authorities can license 9 more IZs. Meanwhile, sources have said that the investors of the 9 projects, both foreign and domestic, are still awaiting the licenses.
The key to the issue lies in the Prime Minister’s Instruction which requests local authorities to stop licensing new IZ projects and add new projects into the IZ development program. However, the legal document has been interpreted in different ways by different localities.
The government has decided that no more new IZs are needed for the immediate time, and told local authorities to stop the licensing until a new decision is released.
The decision was made after the reports by competent agencies pointed out that many IZs have been left idle, many IZs have been operating ineffectively, thus causing the big waste of land and labor force. Especially, some IZs have caused the serious environment pollution.
The Ministry of Planning and Investment has been asked to review the development of the IZs and draft the government decree on amending some articles of the Decree 29. The draft document would be submitted to the government in the third quarter.
Source: TBKTSG
This would be the first complex of this kind in the central region, and the fifth IZ to be developed by VSIP in Vietnam.
Though the project is still waiting official licensing, VSIP believes that it is not the subject covered by the Instruction No. 07, because the project was approved in principle before as a part of the Dung Quat economic zone, which should not be considered a “new IZ project.”
The investor had a working session with the Quang Ngai people’s committee some time ago, where the local authorities were informed that the IZ project would start in the third quarter of 2012.
The Dung Quat Economic Zone’s Board of Management also thinks that the IZ must not be considered a new IZ project, and that it should be licensed soon after the investor completes necessary procedures.
The HCM City Management Board of Industrial Zones and Export Processing Zones (Hepza) also said that the board would license more IZ projects, which would be located on the area reserved for the IZ development program approved by the government before.
The government agreed to reserve 6000 hectares for IZ development. Meanwhile, to date, the licensed projects have covered 4000 hectares only, which means that more IZs would be arising on the remaining area of 2000 hectares.
Hepza has said that the city would develop the Dong Nam IZ, Phuoc Hiep and Xuan Thoi Thuong IZs, or expand the current Hiep Phuoc IZ. There are now 3 export processing zones (EPZ) in HCM City, 12 IZs covering an area of 3500 hectares. It is expected that 7 more IZs would be set up, raising the total number of IZs in the city to 22.
Meanwhile, the Long An provincial authorities have expressed their worry about how to deal with the projects which have not got licenses. In the past, the government agreed to allow to develop 30 IZs in the locality, while only 21 have been set up to date. A question has been raised that if the local authorities can license 9 more IZs. Meanwhile, sources have said that the investors of the 9 projects, both foreign and domestic, are still awaiting the licenses.
The key to the issue lies in the Prime Minister’s Instruction which requests local authorities to stop licensing new IZ projects and add new projects into the IZ development program. However, the legal document has been interpreted in different ways by different localities.
The government has decided that no more new IZs are needed for the immediate time, and told local authorities to stop the licensing until a new decision is released.
The decision was made after the reports by competent agencies pointed out that many IZs have been left idle, many IZs have been operating ineffectively, thus causing the big waste of land and labor force. Especially, some IZs have caused the serious environment pollution.
The Ministry of Planning and Investment has been asked to review the development of the IZs and draft the government decree on amending some articles of the Decree 29. The draft document would be submitted to the government in the third quarter.
Source: TBKTSG
