Expansion of economic zones in Vietnam must satisfy the condition that at least 70% of the functional zone area has been leased to implement investment projects?
What are the conditions for economic zones in Vietnam?
Article 17 of Decree No. 35/2022/ND-CP on management of industrial zones and economic zones regulates the expansion of economic zones in Vietnam as follows:
“Article 17. Expansion of economic zones
1. Expansion of an economic zone is an increase the size of the area of the established economic zone, in which the expanded economic zone has adjacent or neighboring boundaries and can connect and use the same technical infrastructure with the established economic zone. previously established to improve the development potential and pervasiveness of the economic zone.
2. An economic zone may be expanded if it meets the following conditions:
a) The conditions specified in Clause 2, Article 14 of this Decree;
b) Having fully invested in the entire economic zone infrastructure system according to the general planning on construction of the economic zone approved by a competent authority;
c) At least 70% of the land area of functional zones in the economic zone has been allocated or leased to organizations and individuals to implement investment projects.”
Thus, in order to expand an economic zone, the following conditions must be met:
- Conformity with regional and provincial plannings; included in the list of economic zones in the province or centrally run city;
- Capable of mobilizing resources to invest in building a system of technical and social infrastructure of the economic zone and develop production and business;
- Having socio-economic efficiency;
- Meeting environmental protection conditions as prescribed by the law on environmental protection;
- Ensuring national defense and security.
- Having fully invested in the entire economic zone infrastructure system according to the economic zone construction general planning approved by competent authorities;
- At least 70% of the land area of functional zones in the economic zone has been allocated or leased to organizations and individuals to implement investment projects.
Expansion of economic zones in Vietnam must satisfy the condition that at least 70% of the functional zone area has been leased to implement investment projects?
What does the eeconomic zones in Vietnam profile include?
According to Article 17 Decree 35/2022/ND-CP on management of industrial zones and economic zones stipulates that the dossier for economic zones in Vietnam includes:
“Article 17. Economic zone expansion
…
3. Economic zone expansion dossier include:
a) The economic zone expansion scheme includes the following contents: legal basis, necessity and contents of economic zone expansion; assess the current status, factors and conditions of geographical location, nature, resources, socio-economics, limitations and comparative advantages of the area expected to expand the economic zone compared to other areas. other areas in the whole country; evaluate and explain the ability to satisfy the conditions specified in Clause 2 of this Article (enclosed with relevant documents); The proposed development direction of the economic zone after expansion includes: development objectives, area size, nature and functions of the economic zone; development direction of industries and fields; spatial development orientation, functional zones in economic zones; plans and roadmaps for investment in construction and development of economic zones; propose solutions and organize the implementation; show the economic zone expansion plan on the map at scale 1:10,000 - 1:25,000;
b) A proposal submitted to the Prime Minister of the provincial People's Committee for the expansion of the economic zone;
c) The application is made into 10 sets, of which there are at least 02 sets of original documents (01 set of original dossiers submitted to the Prime Minister) and 09 sets of documents submitted to the Ministry of Planning and Investment for appraisal according to regulations. specified in Clauses 4 and 5 of this Article.”
What is the order and procedures for economic zones in Vietnam?
According to Article 17 Decree 35/2022/ND-CP on management of industrial parks and economic zones stipulates the order and procedures for economic zones in Vietnam including:
“Article 17. Economic zone expansion
…
4. Order and procedures Continuing to expand the economic zone:
a) Within 03 working days from the date of receipt of a complete dossier as prescribed in Clause 3 of this Article, the Ministry of Planning and Investment shall send the dossier for appraisal opinions of the competent authority. relevant state;
b) If the application does not meet the requirements specified in Clause 3 of this Article, the Ministry of Planning and Investment shall notify in writing the People's Committee of the province to supplement or amend the application. Time for supplementing and amending dossiers is not included in the appraisal time;
c) Within 20 days from the day on which the application for consultation is received under the provisions of Point a of this Clause, the consulted agency shall give its opinion on the contents within the scope of its state management. themselves, to the Ministry of Planning and Investment;
d) Within 45 days from the date of receipt of a complete dossier, the Ministry of Planning and Investment shall make an appraisal report containing the contents specified in Clause 5 of this Article and submit it to the Prime Minister for consideration and decision. economic zone expansion.
In case of necessity, the Ministry of Planning and Investment shall establish an Appraisal Council or hold a meeting with relevant state agencies and the People's Committee of the province to clarify relevant issues.
5. Contents of appraisal of economic zone expansion include:
a) Legal grounds and necessity of economic zone expansion;
b) Assess the satisfaction of the conditions for economic zone expansion as prescribed in Clause 2 of this Article;
c) Assess the development direction of the economic zone after expansion;
d) Evaluate solutions and organize implementation.”
Accordingly, the dossier and order of expansion of the economic zone shall comply with the above provisions.
Decree 35/2022/ND-CP takes effect from July 15, 2022.
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