Biên Hòa Industrial Park to close | Greeting Vietnam

Image of Biên Hòa Industrial Park to close | Greeting Vietnam

  HCM CITY — Đồng Nai Province has been working with agencies on a project to turn Biên Hoà I Industrial Zone into a commercial and service centre.

The People’s Committee of Đồng Nai Province gave approval for Sonadezi, an industrial zone development company, to implement the project.

The Biên Hoà I Industrial Zone has 80 businesses, 40 of which have a land-lease contract until 2051.

The province said it would take back land from businesses that have expired land- lease contracts.

For those businesses that still have land-lease contracts, the province will offer compensation so they can relocate as soon as possible.

According to Sonadezi, the total cost of the project is VNĐ15 trillion ( US$ 658 million), including VNĐ2.4 trillion for construction and equipment, VNĐ 7.5 trillion for compensation and clearance, and VNĐ1.3 trillion for supporting businesses and labourers.

Posted by topo 568 days ago in Business  |

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