By the time of the inspection, the project had completed its technical infrastructure and was under construction for housing sales across 51 land plots, covering an area of over 9,901 square meters.
On the morning of November 4th, Son Hai Group issued an official statement on their Fanpage, addressing reports from several media outlets regarding the “Inspection Highlights Violations in Son Hai Group’s $500 Million Project” in Quang Tri Province.
According to Son Hai Group, the commercial housing project in the southwest area of Ly Thanh Tong Street (from F325 Road to Truong Phuc Phan Road, Dong Thuan Ward) is a provincial project. It was tendered by competent state agencies to select investors, and Son Hai Group was merely the successful bidder, not the project owner as some reports suggested.
Regarding the inspection findings, Son Hai Group clarified that the overpayment during compensation and land clearance was only 10.1 million VND, not 10 billion VND as previously reported.
“The compensation and land clearance were handled by the Dong Hoi Land Fund Development Center. Each transfer was made based on the center’s request, and Son Hai Group ensured full and accurate payment as required,” the statement emphasized.
Son Hai Group stated that, as an investor, they lacked the authority to audit the finances of the Land Fund Development Center and thus were unaware of the remaining 10.1 million VND surplus during the payment process.
The Group also confirmed that the project had been approved by the Standing Committee of the Quang Binh Provincial People’s Council (before its merger with Quang Tri Province). All investment procedures and land clearance were managed by state agencies.
Previously, the Quang Tri Provincial Inspectorate announced inspection results on compliance with laws regarding investment, construction, land, and financial obligations for the project. With a total investment of approximately 500 billion VND, the project spans from 2017 to 2025, with Son Hai Group as the investor.
Upon inspection, it was determined that the former Quang Binh Province’s Department of Construction had advised the Provincial People’s Committee to issue an investment policy without the Provincial People’s Council’s approval, violating Decree 99/2015.
Additionally, during compensation and land clearance, both Son Hai Group and the Dong Hoi Land Fund Development Center were found to have insufficiently verified expenses, resulting in an overpayment of 10.1 million VND by the investor to the center.
The Inspectorate required the Project Management Unit for Investment Construction and Dong Hoi Land Fund Development (the successor unit) to return this amount to the state budget and conduct a review of involved individuals and organizations.
The Inspectorate also urged the Quang Tri Department of Construction to supervise Son Hai Group in ensuring project progress, fulfilling financial obligations, and completing approved planning items.
Currently, land clearance for the project remains incomplete. The Quang Tri Provincial Inspectorate has requested relevant parties to promptly address the traffic junction connecting to Ly Thanh Tong Street and reassess compensation costs based on the new land price regulations under the 2024 Land Law.
Son Hai Group pledged to continue collaborating with authorities to resolve issues, ensuring the project adheres to regulations and stays on schedule.
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