Deputy Prime Minister Le Minh Khai has just approved the investment principle and investor selection for the White Stone Slope Industrial Park construction and infrastructure business investment project in Van Hung commune, Van Ninh district, Khanh Hoa province.

The project, managed by Viglacera Yen My Industrial Park Development Joint Stock Company, covers an area of 288 hectares with a total investment of over 1,800 billion VND, of which the investor's contributed capital is over 271 billion VND. The project has a 50-year operating period, starting from March 18.

The Deputy Prime Minister assigned the Ministry of Planning and Investment and related ministries and sectors to appraise the investment principle of the project and manage the state in the industrial park according to the regulations of the Investment Law and related laws. The Khanh Hoa Provincial People's Committee is responsible for ensuring the accuracy of information, data, land and forest inventory, land and forest use status, and the compliance of the project with approved plans. Additionally, they are to instruct related agencies to protect and promote the value of cultural heritage and comply with cultural heritage regulations.

To implement the project, the Khanh Hoa Provincial People's Committee needs to update information on the location and area scale of the White Stone Slope Industrial Park in the land use plan for the 2021-2025 period. Furthermore, the Committee should closely monitor the project implementation progress and the use of shareholder capital as committed by the investor.

The Deputy Prime Minister also required the project investor to comply with land law regulations and only proceed with the project after meeting all legal requirements, including submitting money to protect and develop rice-growing land.

Huy Dinh, compiled from Vietnam Investment Review (Báo đầu tư)