On December 5, news from the People's Committee of Binh Thuan province said that Mr. Nguyen Minh - Vice Chairman of the People's Committee of Binh Thuan province - signed Decision No. 2098 to reclaim land due to the termination of the investment project according to the provisions of the law on investment.
According to this decision, the area of 12,389 m2 of land of Hong Quang Construction and Real Estate Investment Joint Stock Company, belonging to land plots No. 12, 17, 51, 55, 59 on sheet No. 286 (221 485 - 1) in Hoa Thang commune, Bac Binh district, will be recovered.
The reason is that Hong Quang Construction and Real Estate Investment Joint Stock Company was terminated by the Department of Planning and Investment for its investment project and is subject to land recovery as prescribed in Point d, Clause 1, Article 82 of the 2024 Land Law.
The People's Committee of Binh Thuan province also assigned the task to agencies and organizations to carry out land recovery and the Chairman of the People's Committee of Hoa Thang commune is responsible for handing over this Decision to Hong Quang Construction and Real Estate Investment Joint Stock Company.
At the same time, the People's Committee of Binh Thuan province also assigned the above-mentioned recovered land area of 12,389 m2 to the Land Fund Development Center of Bac Binh district for management according to regulations.
Meanwhile, Hong Quang Construction and Real Estate Investment Joint Stock Company handed over the land and the Land Use Rights Certificate to the Department of Natural Resources and Environment for recovery according to regulations and to fulfill financial obligations for the remaining tax debt.
