2020: Amending the eligibility requirements for establishment of industrial clusters in Vietnam

According to Clause 8 Article 1 of Decree No. 66/2020/NĐ-CP of Vietnam’s Government amending Point a Clause 1 Article 10 of Decree No. 68/2017/NĐ-CP, one of the eligibility requirements for establishment of industrial clusters is “the industrial cluster development plan must be available and included in the approved provincial planning”. The other requirements are unchanged, specifically as follows:

- There is an enterprise or cooperative that has a legal status, capacity and experience to invest in construction of technical infrastructure or a unit that is assigned to invest in construction of technical infrastructure;

- In the event industrial clusters have been established within a district, the average occupancy rate of those industrial clusters must exceed 50% or the clusters’ total industrial land fund yet to be leased out must be less than 50 ha.

Moreover, conditions for expansion of an industrial cluster are as follows:

- The industrial cluster must not exceed 75 ha and there is a land fund conforming to the land use planning and land use plan within the district;

- There is an enterprise or cooperative that has a legal status, capacity and experience to invest in construction of technical infrastructure or a unit that is assigned to invest in construction of technical infrastructure;

- The occupancy rate is at least 60% or the demand for leasing the industrial land in the industrial cluster exceeds the area of current land of the industrial cluster;

- The industrial cluster has completed construction of and put common shared technical infrastructure constructions into normal operation in line with the approved detailed plan.

View more details at Decree No. 66/2020/NĐ-CP of Vietnam’s Government, effective from August 01, 2020.

Thu Ba

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