CONDITIONS FOR SHIFTING INDUSTRIAL PARKS TO DEVELOP URBAN-SERVICE ZONES
The Government promulgates the Decree No. 35/2022/ND-CP on prescribing the management of industrial parks and economic zones on May 28, 2022.
Accordingly, an industrial park may be shifted to develop urban-service zones if meeting the following conditions: the shift conforms to provincial and urban master plans in the provinces, centrally-run cities; industrial parks located in the inner cities of special-grade or grade-I centrally-run cities, and grade-I provincial cities.
Additionally, other conditions shall be: the operating term from the date the industrial park is established to the time of consideration for shifting is at least 15 years or one-half (1/2) of the operating term of the industrial park; having the consent of investors implementing investment projects on construction and commercial operation of infrastructure facilities of industrial parks and over two-thirds (2/3) of enterprises in industrial parks in the areas expected to be shifted (except for several cases); and having economic, social and environmental efficiency.
Besides, an economic zone shall be expanded if it meets the following requirements: requirements for establishment of economic zones; having fully invested in the entire economic zone infrastructure system according to the general construction plan of the economic zone approved by competent authorities; and at least 70% of the land area of functional areas in the economic zone has been allocated or leased for investment project implementation.
This Decree takes effect on July 15, 2022.
