City of Bao Loc Recovers Land for Highway Construction
On May 25th, the People’s Committee of Bao Loc City issued a notice to retrieve 9,738 square meters of land from four organizations and enterprises for the construction of a residential area to serve resettlement for the Tan Phu – Bao Loc and Bao Loc – Lien Khuong highway projects.
Bao Loc City retrieves 9,738 square meters of land from four organizations
Specifically, 1,103 square meters of agricultural land will be retrieved from the Lam Dong Tea Joint-Stock Company, 6,300 square meters from the Center for Seeds and Agricultural Supplies, 1,556 square meters of agricultural land from the Bao Ngoc Tea Joint-Stock Company, and 779 square meters from the Lam Dong Industrial Construction Co., Ltd.
The construction of the resettlement area for the two highway projects will be carried out on a 30,160-square-meter plot of land, which was planned in detail for the construction of Loc Son Elementary School (Ward 1, Loc Son Ward) and has been managed by the People’s Committee of Bao Loc City since 2009. The total investment for the construction of this resettlement area is over VND 15 billion, to be implemented in 2025.
In Di Linh District, the local authority also announced the retrieval of land from organizations, households, and individuals for the construction of a residential area to serve resettlement for the Bao Loc – Lien Khuong highway project, with a total area of 11.7 hectares. Of this, 9.9 hectares are land leased annually by the Lam Dong Tea Joint-Stock Company from the Provincial People’s Committee, and 1.27 hectares are land currently used by households and individuals.
Approval of the Bao Loc – Lien Khuong Highway Project
On March 31st, Mr. Tran Hong Thai, Chairman of the Lam Dong Provincial People’s Committee, issued a decision approving the investment project for the construction of the Bao Loc – Lien Khuong highway in the form of a public-private partnership (phase 1), with a total length of 73.62 km.
The total investment for the project is VND 17,718 billion, including site clearance costs of VND 5,794 billion, construction and equipment costs of VND 8,791 billion, loan interest during the construction period of VND 913 billion, project management, consulting, and other costs of VND 616 billion, and contingency costs of VND 1,604 billion.
Of the total investment, the investor’s capital accounts for about VND 9,957 billion (including about VND 1,494 billion of owner’s equity and about VND 8,463 billion of mobilized capital), and state capital accounts for VND 7,761 billion.
“Vietnam: A Strategic Market, Captivating US Businesses.”
U.S. Secretary of Commerce, Howard Lutnick, commended Vietnam’s efforts and goodwill in negotiating the bilateral trade agreement. He emphasized, “Vietnam is an important and attractive market for American businesses.”
Neglecting Urban Planning Leads to a Two-Decade Wait for Homeowners to Receive Their Property Papers
Introducing the Riva Park 504 Nguyen Tat Thanh, the Tien Hung residential project, and the 9B4 – 9B8 residential project in Binh Hung: once slated for resettlement purposes, these projects have since been released to the market by the developers. However, buyers are still awaiting their pink booklets, which are yet to be issued.
A Renowned County in Hai Phong Prepares to Reclaim Land from Over 1,400 Households for a Major Project Connecting to the Capital and Northern Provinces.
The Kien Thuy District authorities in Hai Phong City plan to revoke the land of 1,428 households and ten organizations to facilitate the construction of the Lao Cai – Hanoi – Hai Phong railway project.
“Malaysian Businesses: Strengthen Your Bond with Vietnam, Says Prime Minister”
On the morning of May 25, during his working visit to Malaysia, Prime Minister Pham Minh Chinh attended the “Meet Vietnam – Malaysia Businesses” program, organized by the Ministry of Finance of Vietnam in collaboration with the Embassy of Vietnam in Malaysia and the Malaysia Chamber of Commerce and Industry.
“Prime Minister Calls on Businesses to Embrace Their Role as Connectors Within ASEAN and Between Vietnam and Malaysia.”
On the morning of May 25, as part of his working visit to Malaysia, Prime Minister Pham Minh Chinh attended a program titled “Meet Vietnam-Malaysia Businesses.” The event was organized by the Ministry of Finance of Vietnam, in collaboration with the Embassy of Vietnam in Malaysia and the Malaysian Chamber of Commerce and Industry.
