The Minister of Construction has requested that the Finance and Planning Department coordinate with relevant units to urge organizations and individuals to address violations in determining the value of assets on land as mentioned in the inspection conclusion of the Vietnam Construction and Import-Export Joint Stock Corporation (DIC Corp).
The Department is also tasked with coordinating with the authorities of Dong Nai province to review the determination of assets, specifically the land-use rights, for the Dai Phuoc Eco-Tourism Urban Area project, in accordance with Article 6 of the Government’s Decree 17/2006.
Additionally, the Minister has directed the Organization and Personnel Department to advise the Minister and ministry leaders on organizing an inspection to determine the appropriate form of punishment for the collective leadership of the ministry during the 2007-2009 and 2016-2017 periods.
Numerous violations occurred during DIC Corp.’s equitization.
Previously, in the recently issued Inspection Conclusion 1288, the Government Inspectorate proposed that the Prime Minister direct the Ministry of Construction to inspect and clarify the reason for not re-determining the land-use rights value of three land plots, including the Dai Phuoc Eco-Tourism Urban Area, during the process of appraising the share value for state capital divestment at DIC Corp.
The Government Inspectorate also proposed that the Ministry of Construction and the state capital representative at DIC Corp. clarify the reasons and responsibilities for the losses of three subsidiary companies.
The inspection agency determined that these violations were the responsibility of the leadership of the Ministry of Construction during the 2007-2009 and 2016-2017 periods and the Steering Committee for DIC Corp.’s equitization.
The Government Inspectorate also suggested that the Ministry of Construction coordinate with the People’s Committee of Dong Nai province to review and re-determine the value of assets, specifically the land-use rights, for the Dai Phuoc Eco-Tourism Urban Area project, in accordance with Article 6 of Decree 17/2006. If the re-determined land-use rights value is lower than the accumulated investment costs and the value of the project development rights that have been included in the enterprise value, it will remain unchanged. However, if it is higher, the difference must be paid as a supplement to the state budget.
According to the proposal of the Government Inspectorate, if any signs of criminal law violations are detected during the inspection, review, handling, and remedying of the above-mentioned limitations and violations, the Ministry of Construction shall transfer the information to the investigative agency for handling.
Regarding violations in equitization, DIC Corp. has announced that it will coordinate with the Ministry of Construction to implement an administrative inspection in accordance with the conclusion of the inspection of equitization and divestment, and will pay more than VND 2.4 billion for violations in determining the value of assets on land.
DIC Corp. shared that they have formulated a plan to implement the conclusion of the inspection regarding the observance of laws and regulations in equitization and state capital divestment. Regarding financial obligations, DIC Corp. will pay over VND 2.4 billion for violations in determining the value of assets on land before September 25.
As for the inspection of the responsibilities of organizations and individuals, DIC Corp. will coordinate with the Ministry of Construction to implement an administrative inspection in accordance with the conclusion of the inspection before September 25.
It is worth noting that Mr. Nguyen Hong Quan served as the Minister of Construction during the 2007-2009 period, while Mr. Pham Hong Ha held the position during the 2016-2017 period.
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