100% Korean-owned Solum Vina in Ba Thien II Industrial Park 

surveillance forces to strengthen local management, Preliminary reviews and assessments show that only 10 out of 31 proposed new ICs meet required conditions for consideration and construction while the rest do not satisfy the conditions.

Since the Provincial Planning was approved by the Prime Minister, 25 investors have expressed their interest in investing and developing infrastructure for 18 ICs. Among them, two investors are interested in two already established ICs and 23 investors are seeking to invest in 16 newly developed ICs.

Thus, the Provincial People’s Committee allotted the Department of Industry and Trade to coordinate with relevant agencies to study and advise on handling investors’ proposals. The department also issued guidance to district-level People’s Committees and investors regarding the preparation of dossiers for IC establishment and infrastructure investment in accordance with current regulations.

However, most of investor-interested ICs are yet to meet requirements for alignment with related construction plans, and some are not compatible with district-level land use planning. As a result, many ICs are not still qualified for official establishment, preventing investors from proceeding with further steps.

At the meeting, representatives from provincial and local agencies and IC investors reported on the current status and progress of IC projects. They also candidly pointed out challenges and obstacles and proposed solutions and recommendations to accelerate IC establishment and implementation.

Chairman of the Provincial People’s Committee Tran Duy Dong requested the Department of Industry and Trade to conduct a comprehensive assessment of the current status of ICs and clearly figure out limitations and inconsistencies for reporting to the Provincial People’s Committee. He also told it to review all IC plans.

He required small-scale ICs be assigned to commune-level management to align with craft village development while focus should be placed on developing ICs that have already been included in approved planning.

Local authorities need to study and propose partial adjustments to land use planning indicators by reallocating land-use targets to more promising ICs that need to be implemented sooner.

Earlier, the Department of Industry and Trade had submitted a report proposing the procedure for IC establishment and approval for IC infrastructure development investment.

Regarding this matter, Dong noted that the approval of investment policy and IC establishment is two separate and different procedures. To ensure full compliance with legal regulations on investment and sector-specific regulations for IC management and development, he agreed on the option of carrying out the procedure for approving the investment policy first. He also directed the Department of Industry and Trade to actively advise the Provincial People’s Committee to draft a detailed plan for submission to the Standing Board of the Provincial Party Committee at the earliest possible time.