Mr. Pham Duc Toan - Permanent Vice Chairman of Dien Bien Provincial People's Committee has just signed a decision to reclaim more than 30,000 m2 of land of Truong Tho Dien Bien Company Limited in Muong Toong commune.
The reason for the revocation is clearly stated: Truong Tho Dien Bien Company Limited no longer needs to use the land and has transferred the entire sand stone mining project as common construction materials at Muong Toong mine, Muong Toong commune to VINA A1 Construction Investment and Technology Development Joint Stock Company under the project transfer contract.
After the reclamation, the entire area of more than 30,000 m2 of this land was leased by the People's Committee of Dien Bien province to VINA A1 Technology Development and Investment Joint Stock Company (located in Dien Bien Phu ward) for mineral exploitation.
Of which, the exploitation area of nearly 26,000 m2 has a rental price of 42,000 VND/m2; the processing area of more than 4,600 m2 has a rental price of 92,000 VND/m2.
The land lease term is from July 1, 2025 to April 26, 2046. The State leases land and pays annual land rent. Land lease method is not auctioning land use rights, not bidding to select investors to implement projects using land.
The People's Committee of Dien Bien province assigned the Department of Agriculture and Environment, Provincial Tax, Muong Toong Commune People's Committee, Truong Tho Dien Bien Company Limited, VINA A1 Technology Development and Investment Joint Stock Company to coordinate in implementing the provisions of law.
