Vietnamese
On June 20, 2022, the Government issues the Decree No. 40/2022/ND-CP 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 Decree 4/2022 supplements a number of regulations prescribed in Article 9, Decree No. 144/2016/ND-CP on special investment, finance, budget and management decentralization mechanisms applicable as follows:
The City People’s Council may consider and decide to invest 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.
At the same time, 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.
For small and frequent changes in name, location, area (from 5 hectares or less), operation sectors and trades, the progress of technical infrastructure investment...the City People’s Committee shall consider, approve such contents and report on the approved contents to the Ministry of Industry and Trade for monitoring, supervising, implementing and updating the changed and adjusted contents.
The Decree 40/2022 takes effect on August 15, 2022.
