Specifically, Vinh Phuc People's Committee has recently issued a decision to abolish the investment decision, revoke the investment certificate of Tam Duong 2 industrial zone project - Zone B in Tam Duong and Tam Dao districts; and Chan Hung industrial park in Vinh Tuong district.
Tam Duong 2 industrial zone project - Zone B covers an area of 185.6 ha, with an investment of VND 2.31 trillion. According to the content on the investment license, the project must be completed by 2020. However, the project has not been implemented yet.
Formerly known as Chan Hung industrial cluster, Chan Hung industrial park is expected to be built on a land site of 129.75 ha. The project had a policy of investment in 2002 with an investment capital of VND 1.378 trillion. This is the first industrial park approved in Vinh Tuong district.
Over 17 years, the project has changed investors 3 times. These investors are: Viglacera Corporation - Vietnam Housing and Urban Development Group; Construction Glass and Ceramic Corporation (Ministry of Construction) and Tay Ho Vinh Phuc Co., Ltd. On September 6, 2014, another group was assigned to be the project’s new investor, but the clearance work has not been completed yet.