On August 1st, the People’s Committee of Vung Tau City, Ba Ria – Vung Tau province, issued decisions to enforce land retrieval and demolition of properties on a 28-hectare area in Bai Sau to implement the Thuy Van road beautification project.
Specifically, the Vung Tau City People’s Committee will enforce the retrieval of over 38,800 square meters of land leased by the Ba Ria-Vung Tau Construction Company (now known as VRC Real Estate and Investment Joint Stock Company) from the Prime Minister since 1996. Compulsory measures will be taken to dismantle and relocate assets on this land, currently used by Vung Tau International Tourism Joint Stock Company and Hai Duong International Tourism Joint Stock Company.
These enterprises own assets on the land leased by the Ba Ria-Vung Tau Construction Company from the state, and have been approved for compensation for crops, houses, and structures on the land by the People’s Committee of Ba Ria-Vung Tau province.
The Thuy Van beach area spans approximately 28 hectares, stretching 3 kilometers from the Paradise Resort gate to Phan Chu Trinh Street. According to the Inspectorate of Ba Ria-Vung Tau province, the management, land use, infrastructure, and planning of Thuy Van beach have been plagued by violations for an extended period.
The Thuy Van beach, spanning 28 hectares, stretches for 3 kilometers from the Paradise Resort gate to Phan Chu Trinh Street.
In early December 1997, the construction company signed a contract to lease nearly 177,000 square meters of land for developing the beach. The lease term was set for the remaining period of the previous contract.
As per regulations, the enterprise had to pay nearly VND 1.7 billion annually as land rent to the state budget. Towards the end of 1997, Ba Ria-Vung Tau province issued a land use right certificate for this land to the Ba Ria-Vung Tau Investment and Construction Company.
From 2005 to 2017, the Ba Ria-Vung Tau Investment and Construction Company underwent privatization and changed its legal entity 12 times. By April 2017, the company transformed from a state-owned enterprise into VRC Real Estate and Investment Joint Stock Company, with no state capital remaining. However, the company failed to register land-use changes, and the Department of Natural Resources and Environment of Ba Ria-Vung Tau province neither terminated the old contract nor signed a new one with the privatized entity.
The Inspectorate of Ba Ria-Vung Tau province concluded that in December 1997, the Ba Ria-Vung Tau Investment and Construction Company signed a linked contract with the Investment and Construction Service Tourism Company (now known as DIC Joint Stock Company) to invest in constructing a part of the Thuy Van beach project.
Accordingly, the Ba Ria-Vung Tau Investment and Construction Company leased the area from Tom Cang Xanh Gate to Thuy Duong Hotel, measuring 400 meters in length and 40,000 square meters in area, to DIC for 50 years. On June 14, 2004, DIC retrieved 8,000 square meters of land in Thuy Van beach to contribute capital to Viet Duc Joint Stock Company, establishing a new enterprise named DIC Service and Trading Limited Company.
In December 2013, DIC Service and Trading Limited Company transferred the land and Seaview Viet Duc Restaurant, covering an area of over 6,800 square meters, to DIC Commerce and Tourism Joint Stock Company for VND 13.3 billion.
Meanwhile, the section from Thuy Duong Hotel to Bimexco Tourist Area was handed over to Vung Tau International Tourism Joint Stock Company for investment in sea tourism projects. Currently, Vung Tau International Tourism Joint Stock Company manages and operates a part of the beach, including technical infrastructure works on the land, funded by the provincial budget with an amount of over VND 3.9 billion.
In 2018, the Inspectorate of Ba Ria-Vung Tau province issued a decision to retrieve and deposit into the state budget, as stipulated, an amount of over VND 326 billion from enterprises investing and operating in tourism at Thuy Van beach.
