Reclaiming more than 2,300m2 of land on the East coast of Nha Trang
On October 25, the People's Committee of Nha Trang Ward (Khanh Hoa) announced the reclamation of more than 2,369m2 of land used by Nha Trang Boating Club Joint Venture Company Limited in the area east of Tran Phu Street, Nha Trang Ward.
According to the announcement, the above land area belongs to plot No. 193, map sheet No. 104, located in the coastal area east of Tran Phu Street.
This land is being reclaimed due to the expiration of the State's land allocation and lease term, but the investor is not allowed to extend the use term, based on the 2024 Land Law.
The People's Committee of Nha Trang Ward requires businesses to handle assets attached to land and fully fulfill financial obligations throughout the process to hand over the site to the State.
According to regulations, investors have 24 months from the date of land lease expiration to dismantle and move assets on the land.
Currently, the above land is being used by Nha Trang Boating Club Joint Venture Company Limited as a coastal restaurant. See more...
Muong Thanh Group has paid 356 billion VND to the budget related to illegal projects in Nha Trang
On October 25, a source from the Khanh Hoa Provincial Civil Judgment Enforcement said that Muong Thanh Group had contributed more than 356 billion VND in assets.
This is the amount of money that the Khanh Hoa Provincial People's Court has ordered businesses to pay more to the budget, saying that the owner of the Muong Thanh Vien Trieu project in Nha Trang benefited from the violations of 9 former leaders of Khanh Hoa province.
In addition, Muong Thanh Group Joint Stock Company has also paid late payment interest of more than 4.5 billion VND.
Thus, the total amount of money that Khanh Hoa Provincial Civil Judgment Enforcement collected from Muong Thanh Group Joint Stock Company for the locality was 361 billion VND.
In early 2024, Khanh Hoa Provincial People's Court sentenced 9 defendants who are former leaders of the province and departments, for the crime of "Violating regulations on management and use of State assets causing loss and waste".
In which, the panel sentenced defendant Nguyen Chien Thang - former Chairman of Khanh Hoa province to 5 years in prison, the previous sentences were 17 years and 6 months in prison, the total sentence defendant Thang must serve is 22 years and 6 months in prison. See more...
Experts expect land prices to slow down in the next 2-3 years
HCMC will clear 115 households to widen central road by 3 times
Ho Chi Minh City will relocate 115 households and an organization to widen Tran Binh Trong Street (from Ly Thai To to Hung Vuong) from 5 to 17 m, with a total capital of 1,073 billion VND.
According to the urgent document of the Ho Chi Minh City Department of Construction sent to the Ho Chi Minh City People's Committee on the plan to renovate land plot No. 1 Ly Thai To (Vuon Lai ward), the expansion of this road is necessary to synchronize the traffic infrastructure in the central area.
Currently, surrounding roads such as Hung Vuong and Ly Thai To have been fully invested according to the plan.
Tran Binh Trong Street (from Ly Thai To Street to Hung Vuong Street) is about 370 m long, with an average width of only 5 m, not synchronously connected to Ly Thai To Street, causing limitations in traffic and urban space development.
Therefore, the Ho Chi Minh City Department of Construction proposed to widen this road section to 17 m.
The total estimated investment is about 1,073 billion VND, of which compensation and site clearance costs account for about 830.5 billion VND; construction costs are more than 40.7 billion VND. The project will have to relocate 115 households and 1 organization. See more...
