Following the signing of the principle agreement on land lease with the infrastructure development company of the industrial cluster, the investor is required to make a deposit of 20% of the agreement value. It is assumed that investor leases one hectare of land at US$ 16 per square meter for a 50 year lease. The expected deposit amount should be US$ 32,000. The balance of 80% is payable once the formal land lease contract is signed.
It is advisable that the amount is paid by bank transfer.
Decision 12/2011/QD-UBND dated 02/06/2011 by Binh Dinh Province People's Committee promulgating protocols on orders and coordination mechanism for administrative procedures concerning investment and construction outside industrial and economic zones in Binh Dinh Province
Article II.5
It is advisable that the amount is paid by bank transfer.