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Investors profit from land misuse

31-07-2012

 

Hanoi authorities plan to start fining investors who use allocated land for other purposes. According to the local Department of Natural Resources and Environment (DNRE), the properties in question are mostly leased for football fields, garages or street vending areas. 

At the end of 2006, Hanoi municipal authorities had granted permission to Industrial Construction JSC and Hanoi Urbani Architecture Consulting JSC to be main investors of Dong Nam Tran Duy Hung urban area project. Part of the agreement was that they were responsible for leveling the site and building adequate infrastructure. However the two companies leased out 19,416 square metres of land for parking garages, mini football fields and scrap collection shops.

Many other investment firms have been found to be in violation of the same regulations. 

The project management board of Cau Giay District leased a 1,198 square metre plot of land for restaurants and parking lots. Hanoi Housing Investment and Development Corporation, along with the management board of Lang Ha-Thanh Xuan project, used total 11,225 square metres of land for parking lots, football fields and spaces for street vendors. 

Even the area for five stars hotel and the Thang Long Opera House project in Tu Liem District were used for football fields and small businesses, though the site had been walled off. 

The local DNRE reported one case in which the Vietnam Housing and Urban Development Group in My Dinh urban area illegally transferred the project land to three other companies to build headquarters, stores and restaurants.

The DNRE proposed to withdraw the land and take the money collected in rent for the State budget.


Land used as mini football field
Hanoi authorities plan to start fining investors who use allocated land for other purposes. According to the local Department of Natural Resources and Environment (DNRE), the properties in question are mostly leased for football fields, garages or street vending areas. 

At the end of 2006, Hanoi municipal authorities had granted permission to Industrial Construction JSC and Hanoi Urbani Architecture Consulting JSC to be main investors of Dong Nam Tran Duy Hung urban area project. Part of the agreement was that they were responsible for leveling the site and building adequate infrastructure. However the two companies leased out 19,416 square metres of land for parking garages, mini football fields and scrap collection shops.

Many other investment firms have been found to be in violation of the same regulations. 

The project management board of Cau Giay District leased a 1,198 square metre plot of land for restaurants and parking lots. Hanoi Housing Investment and Development Corporation, along with the management board of Lang Ha-Thanh Xuan project, used total 11,225 square metres of land for parking lots, football fields and spaces for street vendors. 

Even the area for five stars hotel and the Thang Long Opera House project in Tu Liem District were used for football fields and small businesses, though the site had been walled off. 

The local DNRE reported one case in which the Vietnam Housing and Urban Development Group in My Dinh urban area illegally transferred the project land to three other companies to build headquarters, stores and restaurants.

The DNRE proposed to withdraw the land and take the money collected in rent for the State budget.

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