Wednesday,  Nov 21, 2018,02:45 (GMT+7) 0 0
Government asks PVN to hand over industrial park to Tien Giang
By Trung Chanh
Wednesday,  Sep 12, 2018,17:57 (GMT+7)

Government asks PVN to hand over industrial park to Tien Giang

By Trung Chanh

Soai Rap Petroleum Industrial Park in Tien Giang Province - PHOTO: BAOAPBAC.VN

CAN THO – The Government Office has ordered the Vietnam Oil and Gas Group (PVN) to transfer Soai Rap Petroleum Industrial Park in the Mekong Delta province of Tien Giang to the provincial authority.

According to Document 8655/VPCP-CN, signed by Minister and Chairman of the Government Office Mai Tien Dung on September 11, the prime minister has approved the Tien Giang government’s proposal to take over the project.

The provincial authority will carry out the revocation of the industrial park in compliance with the Land Law, the Investment Law and other prevailing regulations, as well as in compliance with the Government’s instructions. In October 2014, the Government had agreed in principle to hand over the project to the Tien Giang government in line with a master plan for developing the industrial parks until 2015, with a vision toward 2020.

PVN is required to fulfill its financial obligations to PetroVietnam Construction JSC, which obtained an investment certificate to set up the industrial park project in March 2011, and to audit the project before its transfer to the provincial authority.

The Government has previously requested the State-owned group many times to transfer the project to Tien Giang Province, but the handover process faced bottlenecks.

A source from the Tien Giang Investment, Trade and Tourism Promotion Center noted that the main obstacle to the handover process was the appraisal of the project.

However, the Government’s request for the transfer is likely to be complied with as the evaluation of the project is mostly complete.

According to Tran Thanh Duc, vice chairman of Tien Giang Province, the provincial government will manage and use the project, in addition to calling for new investors.

The 285-hectare industrial park is situated in a prime location suitable for developing the marine economy, especially the oil and gas industry.

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