Land use right auction for investment project under 20 hectares in new urban area
  
Update11/13/2019 11:20:44 AM
Thua Thien Hue Management Board of Economic and Industrial Zone

(Pursuant to the official paper No. 1626/UBND-XD dated April 17th, 2009 of the People's Committee of Thua Thien Hue province)

STEP 1: PRE-QUALIFICATION

- On the basis of the list of projects calling for investment, investors send Project Research Registration Form to the provincial People's Committee (hereinafter referred as PPC) and the Management Board of New Urban Development (form provided).

- The PPC holds a meeting in which investors present investment ideas (no more than 07 working days since the registration form is submitted).

- The PPC passed the paper indicating whether investors are allowed or not allowed to research the investment project (no more than 02 days after the meeting).

Note: The PPC may allow many investors to research investment project in one location at the same time. After the announced due day, no Project Research Registration Form is accepted.

- Investors research the investment project: After the announced due day, investor must submit the report on researching investment project.

- Investors submit the investment project report (appendix attached) to the PPC, Department of Investment and Planning, Department of Finance, Department of Construction, Department of Natural Resources and Environment, the Management Board of New Urban Development and the People's Committee of district where the project is deployed.

- The PPC holds the meeting in which investors shall report project proposals, investor's capacity and relevant contents (no more than 07 days after the report on researching the investment project is submitted).

- The PPC delivers the final conclusion on investor's capacity and project proposal (no more than 02 days after the meeting is held).

For investment projects deployed in the area without approved 1/2000 detail planning, investor who registers for investment and is approved by the PPC will be assigned as the chief project investor. After the detail planning is approved, the PPC decides the land price.

STEP 2: INVESTOR SELECTION

- Thua Thien Hue Land Auction Council and the Management Board of New Urban Development determines the price floor of land use right and submit to the PPC for approval (no more than 09 days after the last investor meeting is held)

- Thua Thien Hue Land Auction Council and Management Board of New Urban Development organize land use auction in accordance with the regulation on land use auction issued by the PPC to allocate fee-required land or leased land in the province (no more than 3 days after the PPC delivers the final conclusion); and report to the PPC.

- Management Board of New Urban Development reviews the entire investor selection process, assesses and submits the auction result to the PPC for approval before allocating the land to investor (no more than 05 days after the auction is organized).

- Investors approved by the PPC shall submit to the Auction Council the following required documents: Project implementation commitment which equals to 2% of the minimum investment amount and is not lower than VND 500 million and more than VND 3 billion (within 30 days since the land use right auction result is approved by the PPC). Make sure that the implementation commitment is valid until 70-80% of the project is deployed.

- For investment certificate-required project, investors winning the land use right auction shall complete procedures as regulated and submit to Department of Investment and Planning. Later, Department of Investment and Planning assesses and submits documents to the PPC for Investment Certificate.

STEP 3: PROJECT DEPLOYMENT

Within 12 months since the auction result is approved and the Investment Certificate is granted, investors shall work with relevant functional agencies to complete documents related to investment deployment and ensure conditions for project commencement. Major works are listed below:

- Building a detail construction planning (if any): investors work with the Management Board of New Urban Development and Department of Construction.

- Building and approving the investment project.

- Assessing basic design: investors submit the basic design to Department of Construction which is in charge of organizing the assessment.

- Submitting land use and land lease fee: investors work with Department of Finance.

- Land retrieval, land allocation and land lease: investors work with Department of Natural Resources and Environment.

- Granting construction permit (if any): investors contact with Department of Construction.


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