The Ministry of Planning and Investment will take charge of coordinating with the Ministry of Finance to balance capital sources for allocation to the project based on total state budget estimates the National Assembly ratified and reported to the prime minister.
Earlier on April 15, 2011 the prime minister gave the thumbs up to add Hoa Lac’s infrastructure project into the Grade A project list sourcing investment capital for construction in 2011 of the Hoa Lac IP Authority.
State budget allocation was regulated in prime ministerial Decision 2145/QD-TTg dated November 23, 2010.
Hoa Lac IP was founded in 1998 covering 1,600 hectares. The park is one of the venues drawing special attention from local and international investors.
Since its dawn, the park has lured in 52 investment projects worth $1.3 billion, with 13 operational and six others in construction. A number of potential projects are awaiting investment certificates.
In 2011, Hoa Lac IP Authority expects to woo 12-15 projects valued at $1 billion in total registered capital.
P.V