Invest 1,200 billion VND to build infrastructure of Ledana Industrial Park

Ledana industrial park attracted the total capital of VND 1,200 billion (of which the contributed capital of the investor is VND 200 billion) is entitled to investment incentives under the current regulations made by Le Dai Nam International Joint Stock Company as an investor.

The Prime Minister assigned the People’s Committee of Binh Phuoc province to direct the Management Board of Economic Zone of Binh Phuoc province to request investors to adjust the project implementation schedule to not exceed 5 years, counting from the date of issuing the investment policy decision. Binh Phuoc Provincial People’s Committee is responsible for directing the organization of supervision and evaluation of project implementation as prescribed.

The Ledana industrial park will cover a total area of 424.5ha in Loc Ninh District’s Loc Thanh Commune. Le Dai Nam International JSC is the project investor.

Total investment for the development is VND1.2 trillion (US$51.5 million), including VND200 billion provided by the investor.

The provincial People’s Committee and Binh Phuoc Economic Zone Management Unit will work with the investor to complete the Industrial Park in a maximum of five years.

The investor has been told to strictly follow construction rules and provide guarantees to prove the company is financially capable to carry out the work.

The company is required to introduce different plans to raise enough capital, assuring its capability of financing the project.

In addition, environmental protection tasks must be accomplished in the investor’s environmental impact assessment when preparing for the project.

Binh Phuoc provincial People’s Committee and the Economic Zone Management Unit are asked to oversee the project development regarding the progress, environmental protection, and land and water use.