In May 2025, Mr. Le Huu Hoang - Permanent Vice Chairman of Khanh Hoa Provincial People's Committee - signed a document to reclaim land at 28E Tran Phu, Vinh Nguyen ward, Nha Trang city.
Khanh Hoa province decided to reclaim 20,112m2 of land at 28E Tran Phu which had been allocated and leased to Dinh Vang Nha Trang Company Limited according to decisions in 2016 and 2017 with the reason "reclaiming evidence according to the court's decision based on 2 judgments of Khanh Hoa Provincial People's Court (late 2023), the judgment of the High-level People's Court in Da Nang (late 2024)".
Currently, the Khanh Hoa Provincial Land Registration Office is editing land records and updating the national land database according to the law for this land plot.
The Khanh Hoa Provincial Land Registration Office also revoked and canceled the Certificate of land use rights, house ownership rights and other assets attached to the land granted to Dinh Vang Nha Trang Company Limited.
At the end of 2024, the High-level People's Court in Da Nang rejected all appeals of Dinh Vang Nha Trang Company Limited related to the "golden land" area 28E Tran Phu, upholding the first-instance criminal judgment of the Khanh Hoa Provincial People's Court.
The reason given is to avoid continuing to cause loss of state assets, waste of social resources and increasingly heavy damage due to the inability to exploit the benefits from the land plot for a long time.
The revocation will also avoid arising complaints and lawsuits that cause frustration and affect the investment environment and security and order in the locality.
After the recovery of land plots, the People's Committee of Khanh Hoa province should consider if the Vang Nha Trang Peak Co., Ltd. has all the conditions to develop the project in accordance with the provisions of the law, in accordance with the local planning and plan, ready and fully capable of fulfilling the obligations to the State, it can prioritize the company to continue implementing the project after completing the financial and financial procedures.
A series of leaders of Khanh Hoa province enter the capital market
The land plot at 28E Tran Phu has a total area of over 20,000 m2, including 2 adjacent plots of land, managed and used by Khanh Hoa Power Joint Stock Company and the Nursing Center under the Central Power Corporation.
In 2013, Dinh Vang Company Limited sent a document to Khanh Hoa Provincial People's Committee requesting an agreement on the investment location for a luxury hotel and resort on the above land on an area of over 14,000 m2 currently managed by Khanh Hoa Power Company.
During the process of allowing the implementation of the project according to the proposal of Dinh Vang Company, many officials of Khanh Hoa province committed violations in selecting investors, issuing adjusted investment certificates for housing construction projects, issuing land use right certificates without auctioning, bidding...
The defendants' actions caused a loss of nearly 138 billion VND in state assets.
At the end of 2024, Khanh Hoa Provincial People's Court sentenced defendant Nguyen Chien Thang - former Chairman of the province - to 5 years and 6 months in prison; defendant Vo Tan Thai - former Director of the Department of Natural Resources and Environment - to 4 years in prison; defendant Le Duc Vinh - former Chairman of the province and defendant Dao Cong Thien - former Vice Chairman of Khanh Hoa province - were both sentenced to 3 years and 6 months in prison.
