Approving investor joint venture of Yen Binh Concentrated Information Technology Park Project

The Provincial People's Committee has just approved the joint venture of Viet Star Real Estate Investment Limited Company and Winter Palace Joint Stock Company as an investor to implement the Yen Binh Concentrated Information Technology Park Project. It is the main content of Decision No. 2756/QD-UBND signed by the Provincial People's Committee chairman on August 24, 2021.

According to the Decision, the project has a preliminary total cost of nearly VND2,957.6 billion, including VND592 billion of the investors' capital and nearly VND2,365.6 billion of the mobilized capital. 

As planned, the investor joint venture will coordinate with the authorities to carry out the project from the third quarter of 2021 to the fourth quarter of 2024 and complete and put into operation in the first quarter of 2025. The project's operation term is 50 years after having the approval decision.

The Provincial People's Committee also requires investors to closely coordinate with relevant departments, branches, localities, and units to complete legal procedures to implement the project on schedule and comply with the regulations. Besides, the relevant units have to complete dossiers on land, planning, construction, financial obligations, and comply with regulations on environmental protection, security and order, social culture, occupational safety, and relevant law provisions during the implementation process.