Lam Dong will not approve projects related to forest land.

The Department of Planning and Investment has proposed the Lam Dong Provincial People's Committee to approve the investment policy for the Forest Protection and Management Project combined with the planting of medicinal plants under the forest canopy in Lam Ha District for Phu Dong Real Estate Joint Stock Company. This company is a real estate and construction enterprise headquartered in Ho Chi Minh City, with a charter capital of VND300 billion.

In a recent document responding to the Department of Planning and Investment, the People's Committee of Lam Dong province said: "From now on, the Provincial People's Committee will not consider approving investment policies for projects related to forest land and forestry land if they are not on the list of investment attraction projects announced by the province."

Lam Dong Provincial People's Committee also requested the Department of Planning and Investment to seriously learn from experience in consulting and proposing the above project.

According to the Provincial People's Committee, the leasing of forest land and forestry land to investors must comply with regulations on land, forestry, management and use of public assets and selection of investors through bidding and auction (if any). The implementation of investment incentives must be applied in accordance with the province's investment attraction and incentive list.

Last year, Phu Dong Real Estate proposed to implement a project on Forest Protection Management combined with planting medicinal plants under the forest canopy in part of sub-area 263A, Me Linh commune and sub-area 263B, 270 Nam Ban town, Lam Ha district with an area of ​​nearly 350 hectares. After that, Lam Dong Department of Planning and Investment requested the company to review and adjust this project to suit the actual situation.