Accordingly, the total investment capital of the project is 3,985.47 billion VND, of which investor’s contributed capital is 597.82 billion VND and mobilized capital is over 3,386 billion VND.
The project has a land use scale of 296.24 hectares in Ba Xuyen commune and Tan Quang commune, Song Cong city, Thai Nguyen province.
This project was proposed by Viglacera Thai Nguyen Joint Stock Company. It is known that Viglacera Thai Nguyen Joint Stock Company was established in December 2022, and is a 51% owned subsidiary of Viglacera Corporation – Joint Stock Company. Viglacera Thai Nguyen has a charter capital of 600 billion VND, of which Viglacera Corporation owns 51% of the charter capital, corresponding to the actual contributed amount of 306 billion VND.
To implement this project, the proposal also requires the investor, Viglacera Thai Nguyen Joint Stock Company, to arrange enough committed capital and make a deposit or have a bank guarantee on deposit obligations, to ensure ensure the implementation of investment projects in accordance with the provisions of investment law, as well as investors can only implement projects after changing the purpose of using rice land to implement the project is approved by the competent authority. Approve and pay a sum of money to protect and develop rice land according to regulations; Have a replacement afforestation plan approved by a competent State agency or after completing the responsibility to pay for replacement afforestation…
According to calculations, the project implementation progress should not exceed 36 months from the date the investor is handed over or leased land by the State.
The project’s operating term is 50 years, from the date of approval of the investment policy and approval of the investor.