The People's Committee of Hanoi City has just issued a decision to recover 3,557m2 of land (land plot N02) of Hung Viet Trading Joint Stock Company, belonging to 20% of the Project of Trade - Service - Housing Center. (No. 275 Nguyen Trai Street, Thanh Xuan District).
Previously, this land was assigned to implement the investment project to build houses for civil servants and officials of the Department of Natural Resources and Environment in Decision No. 2275/QD-UBND dated March 26, 2013.
The People's Committee of Hanoi City said that the reason for recovery is to comply with the Government Inspectorate's conclusion about the change of land use purpose from production land, trading to land trading, building houses in the period of 2011 - 2019 of state -owned enterprises, equitized enterprises.
The People's Committee of Hanoi City interface is recovered for the Hanoi Land Fund Development Center to manage and propose exploitation plans as prescribed.
The Hanoi People's Committee requested Hung Viet Trading Joint Stock Company to discuss an area of 3,557m2 of land (NO2 plot) under the land acquisition decision of the City People's Committee.
The company contacted the Hanoi Department of Natural Resources and Environment to submit land use papers and work with relevant departments and branches to carry out investment and tax procedures as prescribed.