The People's Committee of central Thanh Hoa province has recentlyapproved investing in agriculture projects for property developers FLCGroup and Vingroup.
FLC was allowed to invest in the 1,300hectare Lam Son agricultural farm project in Ngoc Lac district's Lam Soncommune, which includes 530 hectares of rubber and 530 hectares ofsugarcane.
Meanwhile, Vingroup received permissionto invest in Song Am agricultural farm, with an area of 1,000.26hectares located in eight communes in Ngoc Lac and Tho Xuan districts.
The enterprises were required to complete documents,commit financial obligations and follow the progress of the projects.They were also asked to send their plans to the province's AppraisalCommittee before submitting them to the provincial People's Committee,and then the Ministry of Agriculture and Rural Development.
Le Khac Hiep, Vice Chairman of Vingroup's board of directors, saidthat Thanh Hoa had a strong potential for the production and developmentof high technology agricultural products. He also said Vingroupexpected to receive capital from MTV Song Am Joint Stock Company toestablish a two-member limited company to produce hi-tech agriculturalproducts for exports.
FLC's Deputy General DirectorDang Tat Thang also said that FLC appreciated the potential of investingin the agricultural sector and made similar investments in the past.
"With the high potential of the agriculturaldevelopment of Thanh Hoa, and much support from the province, FLC haseven more determination to invest here," he said.
This is the second time the two enterprises have invested in Thanh Hoa.FLC built FLC Sam Son, with an area of 200 hectares and a totalinvestment of 5,500 billion VND (250 million USD). It also developed theFLC Complex Thanh Hoa, which covers an area of more than 1.6 hectaresand has an investment of 1,200 billion VND (over 54.5 million USD).
In April, Vingroup was approved to build an administration centre forThanh Hoa in Dong Hai Commune in an area of 2.33 hectares with plannedsix-storey and 11-storey buildings, along with a convention centrecovering an area of 1.87 hectares.
After completing it,Vingroup is to build a 25-story commercial area and hotel in an area of5,500 square meters, and a commercial building of more than 15,000square meters at the site of the old administration centre in Dien Biendistrict.-VNA
FLC was allowed to invest in the 1,300hectare Lam Son agricultural farm project in Ngoc Lac district's Lam Soncommune, which includes 530 hectares of rubber and 530 hectares ofsugarcane.
Meanwhile, Vingroup received permissionto invest in Song Am agricultural farm, with an area of 1,000.26hectares located in eight communes in Ngoc Lac and Tho Xuan districts.
The enterprises were required to complete documents,commit financial obligations and follow the progress of the projects.They were also asked to send their plans to the province's AppraisalCommittee before submitting them to the provincial People's Committee,and then the Ministry of Agriculture and Rural Development.
Le Khac Hiep, Vice Chairman of Vingroup's board of directors, saidthat Thanh Hoa had a strong potential for the production and developmentof high technology agricultural products. He also said Vingroupexpected to receive capital from MTV Song Am Joint Stock Company toestablish a two-member limited company to produce hi-tech agriculturalproducts for exports.
FLC's Deputy General DirectorDang Tat Thang also said that FLC appreciated the potential of investingin the agricultural sector and made similar investments in the past.
"With the high potential of the agriculturaldevelopment of Thanh Hoa, and much support from the province, FLC haseven more determination to invest here," he said.
This is the second time the two enterprises have invested in Thanh Hoa.FLC built FLC Sam Son, with an area of 200 hectares and a totalinvestment of 5,500 billion VND (250 million USD). It also developed theFLC Complex Thanh Hoa, which covers an area of more than 1.6 hectaresand has an investment of 1,200 billion VND (over 54.5 million USD).
In April, Vingroup was approved to build an administration centre forThanh Hoa in Dong Hai Commune in an area of 2.33 hectares with plannedsix-storey and 11-storey buildings, along with a convention centrecovering an area of 1.87 hectares.
After completing it,Vingroup is to build a 25-story commercial area and hotel in an area of5,500 square meters, and a commercial building of more than 15,000square meters at the site of the old administration centre in Dien Biendistrict.-VNA
