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Decree 40/2022/ND-CP amending Decree providing special investment mechanisms applicable to Da Nang City

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Decree No. 40/2022/ND-CP dated June 20, 2022 of the Government on amending and supplementing a number of articles of the Government’s Decree No. 144/2016/ND-CP dated November 01, 2016 providing a number of special investment, finance, budget and management decentralization mechanisms applicable to Da Nang City
Issuing bodies: Government Effective date: Known
Official number: 40/2022/ND-CP Signer: Le Minh Khai
Legislation Type: Decree Expired date: Updating
Issuing date: 20/06/2022 Effect: Known
Fields: Policy
Summary

From August 15, Da Nang People’s Committee may not approve an adjustment of up to 10% of an industrial park’s area

This content is prescribed in the Decree No. 40/2022/ND-CP dated June 20, 2022 of the Government on amending and supplementing a number of articles of the Government’s Decree No. 144/2016/ND-CP dated November 01, 2016 providing a number of special investment, finance, budget and management decentralization mechanisms applicable to Da Nang City.

 Accordingly, the City People’s Council may consider and decide the investment in industrial clusters in Da Nang City from the City’s budget in the event that investors in technical infrastructure for the industrial clusters cannot be selected under current regulations. Public non-business organizations that are assigned to act as project owners of construction and business of industrial clusters’ technical infrastructure may lease land from the State for project implementation, or sublease the land after completing the investment in industrial clusters’ infrastructure.

The People’s Committee of Da Nang City is assigned to prescribe the financial mechanism, competence to determine and decide on rental prices and lessees for public non-business units assigned to act as project owners of construction and business of industrial clusters’ technical infrastructure.

Remarkably, the regulation “the City People’s Committee may approve an increase or a decrease by up to 10% of the area of an industrial park or a hi-tech park which must not exceed 30 hectares compared to the planned area initially approved” is repealed.

This Decree takes effect on August 15, 2022.

For further details of the Decree 40/2022/ND-CP, Click here