On July 24, Sovico Khanh Hoa Co., Ltd. received a decision from the People's Committee of Khanh Hoa province on adjusting the land lease period for a part of the land plot leased to this enterprise for business on Tran Phu street, Nha Trang.
Khanh Hoa province decided to adjust the land lease term until December 31, 2024 for the 8,023m2 area that had been leased to this enterprise by the locality to operate the Ana Mandara Resort in Decision No. 1488 in 2014 (article adjusted in Decision No. 1942 of 2022).
Previously, in early 2024, Khanh Hoa province decided to revoke 20,116 square meters of land leased to Sovico Khanh Hoa Co., Ltd. on Tran Phu Street, Nha Trang City. The reason for land recovery is that the land was allocated and leased by the state for a limited period but was not extended.
By June 2024, Khanh Hoa province has additionally adjusted the above land recovery decision towards "the end of calculating land rent from July 1, 2022".
More than 8,000 square meters of land mentioned above is among the total 28,189 square meters that Khanh Hoa province assigned to Sovico Co., Ltd. to lease 28,189 square meters for the Ana Mandara Resort project in 2014.
Initially, the rental term ends on December 31, 2018. However, after that, the locality adjusted and extended the land lease term several times.
From June 2022, Sovico Khanh Hoa Co., Ltd. stopped welcoming guests at Bai Duong area, Tran Phu Street and dismantled items and relocated operations to the Evason Ana Mandara Resort & Spa Project in the North Tourist Area. Cam Ranh Peninsula.
Currently, on the Nha Trang beach land (8,023m2), there are still restaurants and cafes of the owner of the old Ana Mandara resort, which are continuing to operate their business.
Meanwhile, according to the orientation in the Master Plan Adjustment Project of Nha Trang City to 2040, this area will be organized with public service points with a maximum gross construction density of 5%, interwoven in park space to provide services and amenities to beach and park users, increasing the vibrancy and frequency of park use.
