Chapter VI
PROVISIONS REGARDING ORGANIZATIONS WITH LAND LEASED BY THE STATE FOR INFRASTRUCTURE CONSTRUCTION AND BUSINESS IN EXPORT PROCESSING ZONES AND/OR INDUSTRIAL PARKS
Article 21.- Organizations with land leased by the State for investment in infrastructure construction and business in export processing zones or industrial parks include: State enterprises, enterprises of political and social organizations, defense and security enterprises, collective economic organizations, stock companies, limited liability companies which have the function of investment in infrastructure construction and business and have financial capability in accordance with the provisions of law.
Article 22.- The land leased for infrastructure construction and business must be located in export processing zones or industrial parks already ratified by the competent State agency.
Article 23.- The People’s Committees of the provinces or cities directly under the Central Government shall consider and ratify the investment in infrastructure construction and business by domestic organizations prescribed in Article 21 of this Decree in export processing zones or industrial parks so that they may plan investment projects and submit them to the competent State agency for ratification.
Article 24.-
Article 25.- Organizations leasing land for infrastructure construction and business shall have to sign a leasing contract with the sub-lessee and register at the Land Administration Service under the guidance of the General Land Administration.
Article 26.- Organizations with land leased by the State for investment in infrastructure construction and business and for sub-lease in export processing zones or industrial parks shall have the right:
1. To enjoy the rights stipulated in Clauses 3 and 4, Article 13 of this Decree.
2. To benefit from investment results on the leased land when sub-leasing the land use right.
3. To mortgage the value of the land lots which have not been sub-leased during the land lease term at Vietnamese banks to borrow capital for investment in infrastructure construction.
Article 27.- Organizations with land leased by the State for infrastructure construction and business and for sub-lease in export processing zones or industrial parks shall have the obligations:
1. To fulfill the obligations stipulated in Clause 4, Article 12 and Clauses 1, 2, 3, 5, 6 and 7, Article 14 of this Decree;
2. To maintain the infrastructures during the lease term.
Article 28.- The land sub-lessee shall have to use the land for right purpose, shall not be allowed to re-assign, transfer or sub-lease the land use right. If the properties associated with the sub-leased land under the land sub-lessee’s ownership are allowed to be transferred, the properties receiving party shall have to sign a contract on the sub-lease of the land with the land leasing party.