The People's Committee of Bac Ninh province has just issued an official dispatch on the recovery of land assigned to the Yen Phong District Construction Project Management Board (now the Yen Phong Construction Project Management Board).
The decision clearly states that the Provincial People's Committee has assigned the Land Use Right Board to Yen Phong Construction Project Management Board under Decision No. 272/QD-UBND dated April 8, 2025 and assigned the above-mentioned land to the Branch of the Tien Phong Land Fund Development Center to manage and exploit the Dong Thon Village Residential Area project, Yen Phong Commune, Bac Ninh Province.
Land use purpose: Land for residential use: Land for use in 12,015.0m2; Green land for 4,180.8m2; Sports land for use in 1,427.1m2; Parking land for parking 2,371.1m2; Traffic land for use in 9,043.8m2; Infrastructure and technical land for use in 2,105.0m2.
The Tien Phong Land Fund Development Center Branch is responsible for implementing the contents specified in Point a, Point b, Point d, Clause 1 and Point a, Clause 3, Article 229 of the 2024 Land Law.
The Department of Agriculture and Environment is responsible for implementing the contents of Point c, Clause 1 and Clause 6, Article 229 of the 2024 Land Law.
Bac Ninh is one of the industrial capitals in the North, concentrating a series of FDI giants in the fields of technology equipment manufacturing, electronics, and semiconductors.
In recent years, Bac Ninh has also strongly developed large projects in the housing and real estate sectors.
7 new urban area projects with a total investment of nearly 105,000 billion VND are being accelerated in this locality.
However, in addition to the positive aspects, in some housing and real estate projects in Bac Ninh, there are cases of inviting and enticing people to participate in transactions at a time when the project has not completed legal procedures and is not allowed to do business or raise capital according to regulations.
This situation poses a potential risk of real estate market bubbles, causing disputes, disorder in security and society, negatively affecting the local socio-economic development situation, requiring stronger participation of authorities to handle it thoroughly.
