serious violations
On June 24, the Bac Lieu Provincial Inspectorate officially announced the conclusion of a comprehensive inspection of the auction of land use rights at plot No. 09 and plot No. 16, map sheet No. 61, Nha Mat ward, Bac Lieu city for Thuy Dung Bac Lieu Investment and Trading Company Limited.
This land plot is over 5,000m2 wide, and was auctioned by the People's Committee of Bac Lieu province since 2019, a type of urban residential land with a rather prime location in Bac Lieu, located adjacent to the frontage of Cao Van Lau extended road, with a market price in 2019 of up to 10,000,000 VND/m2.
On July 3, 2020, a successful auction was held at a price of VND 5,486,000/m2/VND 5,403,899/m2 compared to the starting price of more than VND 25 billion. After winning the auction, Thuy Dung Company did not pay the auction winning amount, so in 2022, the Provincial People's Committee canceled the auction results.
The inspection results show that the Bac Lieu Real Estate Fund Development Center is preparing procedures to organize an auction of land use rights (LUR) when the site has not been cleared. At the time of the auction, there were still some graves, headquarters of Nha Mat hamlet, power lines, and electric poles that had not been relocated; part of the land area had been leveled, built internal roads...
The above-mentioned land use rights auction has many errors that cannot be overcome. Specifically, the auction plan was developed; signed a contract, accepted, and liquidated with the auction unit that did not comply with regulations.
The work of appraising the auction plan, conditions for registration to participate in the auction and determining the value of the land plot has not been guaranteed according to regulations. Specifically, the appraisal plan is urban residential land, but when handed over to the Center for Real Estate Fund Development, it is noted as "implementing real estate business projects". The advisory department of the Department of Natural Resources and Environment (now the Department of Agriculture and Environment), Department of Finance values the starting price of the land plot lower than the directive document of the Provincial People's Committee.
The auction participants did not ensure the conditions for participating in the auction according to regulations: Posting an incomplete notice of auctioned assets; financial capacity conditions of Thuy Dung Company did not comply with regulations; paying the deposit late; paying less than 15% of the starting price...
Proposing to seriously learn from the experience of many organizations and individuals With violations that cannot be overcome, the Bac Lieu Provincial Inspectorate recommended that the Chairman of the Bac Lieu Provincial People's Committee direct the Department of Agriculture and Environment to preside over and coordinate with relevant departments and branches to advise competent authorities to consider revoking and canceling inappropriate Decisions for auctioning land use rights at land plots No. 09 and No. 16 of map sheet No. 61, Nha Mat ward, Bac Lieu city.
The Bac Lieu Real Estate Fund Development Center presided over and worked with relevant units to complete procedures to refund nearly VND3.8 billion to Thuy Dung Bac Lieu Company.
Propose that the Chairman of the Provincial People's Committee direct a review and draw profound lessons from the leaders of the Bac Lieu Provincial Housing and Land Fund Development Center in each stage.
The Department of Agriculture and Environment (the unit after the merger) draw lessons from relevant departments and individuals in each stage of responsibility to avoid limitations. The Department of Finance has learned from the experience of relevant departments and individuals in each stage of responsibility for the incident.
The Housing and Land Fund Development Center reviewed and drew profound lessons from relevant departments and individuals in each stage of responsibility, leading to shortcomings and violations.
