The Danang People’s Committee has instructed the city’s Department of Construction to take charge and coordinate with relevant units to finalize the dossier for the city’s consideration and decision regarding the obstacles at the Restaurant and Marina project in the southern Han River Port area.
The Danang People’s Committee emphasized the need to clarify and provide comprehensive information and records related to the planning policy in the area.
The Restaurant and Marina project is located in a prime area of Danang city
The Danang People’s Committee also requested the Department of Construction to propose orientations and solutions for handling the project, including suggesting compensation values (if any), and addressing the investor’s requests.
The Restaurant and Marina project in the southern Han River Port area was invested in by I.V.C Limited Company, owned by Phan Van Anh Vu (also known as Vu “nhom”), covering an area of over 4,000 square meters.
I.V.C Limited Company leased the land from the Danang People’s Committee at the end of 2015. The construction of the project was completed in 2017. However, before it could be put into use, Phan Van Anh Vu was arrested, and the project has remained closed until now.
The project completed the restaurant construction in 2017
In 2018, Danang city had planned to revoke this project and provide compensation to change its function to serve public purposes.
In early 2019, the Danang City Party Committee assigned the Party Committee of the People’s Committee to work with the investor, encourage the revocation of the project, and study the transformation of the function of the restaurant and marina project towards integrating the activities of the Dien Hai Citadel relic and exploiting it for public use, arranging it as a tourism information center, or demolishing it to create a spacious area on the west bank of the Han River.
The project has been left abandoned, causing an eyesore in a prime location
According to the preliminary estimate by the Party Committee of the Danang People’s Committee, the compensation cost for the invested construction of the restaurant and marina project in the southern Han River Port area is about VND 100 billion, excluding land compensation as the land is leased annually.
However, this estimate has not been realized yet. The abandoned project has caused an eyesore and waste of a prime location in the city.
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### PVI Insurance: Navigating the Storm with Over VND 400 Billion in Claims Paid to Customers Affected by Storm No.3.
A devastating storm, known as Storm No. 3, swept through northern provinces and cities, leaving a trail of destruction in its wake. The powerful storm resulted in casualties and extensive property damage. In the aftermath, an insurance company stepped up to provide compensation, with payouts totaling an astonishing 400 billion VND to those affected by the storm’s wrath.
The Storm Yagi Claims: Insurance Payouts Before September 12th
The Insurance Supervisory Authority (Ministry of Finance) has requested that insurance companies submit a report on damage and insurance claim settlements by September 12th.
Home Loan Insurance: Will My Policy Cover Damage Caused by Storm Yagi?
According to legal experts, in the event of storm damage to your property, such as broken windows, burst pipes, or water tank leaks caused by Storm Yagi, your loan insurance policy with the bank may cover the repairs. It is important to review your contract terms to understand your coverage.
Insurer, Please Provide Interim Payments and Compensation for Storm Damage
The Insurance Regulatory Authority requests that insurance companies take a proactive approach by coordinating with relevant agencies, organizations, and individuals to identify human and property losses. They should also promptly provide interim payments, compensation, and insurance payouts to those affected.
