The decision specifies that the 4,900 square meter “golden land” pierce No 8-12 Le Duan in Ben Nghe ward comprises the premises at No.8 Le Duan covering 3,460 square meters and the other at No.12 Le Duan over 1,430 square meters. They have been let out and allotted to Lavenue Investment Company (Lavenue) according to the committee’s decision made in May, 2016. The decision requires Lavenue to hand over the land pierce, land use right certificate and other relevant legal papers to HCMC Land Development Center which is assigned to receive, manage and prepare for land use right auction. The Department of Natural Resources and Environment has been asked to work with the Department of Finance and relevant agencies to submit to the city People’s Committee measures to auction the land use rights according to regulations. In addition, the environment department must update and adjust land database as well as cadastral records and revoke the certificate that has been … [Read more...] about HCMC reclaims “golden land” pierce in Le Duan street
Land reclamation companies
Talking Law (30-09-2009) Decree simplifies land law issues by lawyers of Vilaf Hong Duc Law Firm To foreign-invested enterprises, land law issues are among the most complex and unpredictable problems they face when doing business in Viet Nam due to excessive promulgation of fast-changing regulations. The Government, in an attempt to resolve land-related issues and simplify the legal framework, issued Decree No 69/2009/ND-CP on August 13 to amend a number of provisions on land use planning, land rental rates, land reclamation, and resettlement and compensation. Taking effect tomorrow, Decree 69 vests in provincial People’s Committees with broader discretion to determine the annual land rental rates within a range of 0.5 per cent to 2 per cent of the annual published land price. The new provision relating to annual land rental rates will only be applicable to land lease agreements signed on January 1, 2010, and after. For existing land lease agreements that specify annual lease … [Read more...] about Decree simplifies land law issues
CTC in deal with consortium for land reclamation in Can Gio By Dinh Dung - The Saigon Times Daily HCMC - Can Gio Tourist City Corporation (CTC) on Monday signed a contract with Dai Phu Gia-South Construction consortium to start construction of waterworks and land filling in the first phase of an urban-tourism project underway in HCMC’s outlying district of Can Gio. The VND1,060 billion construction tender package, signed at the Sheraton Saigon in downtown HCMC on Monday, will allow the consortium to fill some seven million cubic meters of sand to reclaim 151 hectares of sea surface for the development of the Saigon SunBay project. The consortium has six partners including two local partners, Dai Phu Gia and Phu Thinh Construction and Investment corporations, two Singaporean companies, South Construction and ATC Projects Pte Ltd, a Korean partner Anjeong Development Co., and a joint Vietnam-Korea company 69 Any Construction Corp. Speaking at the signing ceremony, Nguyen Huu Tho, … [Read more...] about CTC in deal with consortium for land reclamation in Can Gio
Reclamation project faces longer suspension The Saigon Times Daily HCMC – The Ministry of Natural Resources and Environment has asked the Prime Minister to order Dong Nai Province to extend a suspension of Toan Thinh Phat Company’s urban rehabilitation and development project by the Dong Nai River, VietnamPlus reports. The ministry made the suggestion more than two months after Dong Nai Province issued a decision putting on hold the reclamation project worth up to VND3.2 trillion in Quyet Thang Ward, Bien Hoa City as requested by the investor and after scientists, experts and people objected to the project for fear of serious environmental impact. The longer suspension is aimed to give competent agencies more time to review the environment impact assessment report as the consulting and appraisal units for the report said reclamation would not affect much the flow of the river on the bank where the project is developed and nearby bank sections. However, the units said … [Read more...] about Reclamation project faces longer suspension
Has Land Ownership Diversification Become a Must? "A project intended to commemorate the millennial anniversary of Thang Long - Hanoi has not finished land compensation and site clearance yet because land owners do not agree with undervalued prices. If the land had belonged to them, it would have been very different,” said Lawyer Truong Thanh Duc, Deputy General Director of Hanoi-based Maritime Bank. Duc said inadequacies in the Land Law have driven many situations to a deadlock. The nuisance also comes from law enforcers. At a recent seminar on "Completing report on reviews of Land Law” held by the Vietnam Chamber of Commerce and Industry (VCCI), many specialists expressed dissatisfaction with impractical regulations of the Land Law 2003, while land ownership is one of the most critical issues related to many shortcomings, even instability. Ambiguous concept Dr Tran Quang Huy, lecturer at Hanoi Law University and representative of the law review reporting workgroup, … [Read more...] about Has Land Ownership Diversification Become a Must?