Billion-Dollar Real Estate and Tourism Projects in Khanh Hoa Province Face Violations

Outstanding Land Use Fees Exceed VND 170 Billion

According to the inspection report, at the SunBay Park Hotel & Resort project (with an investment of approximately VND 4,779 billion and an area of over 36,600 m²), authorities issued 17 land use certificates for the wrong purpose, despite the entire project being designated for commercial and service use. Additionally, the developer has not fulfilled its financial obligations, owing over VND 170 billion in land use fees and late payment penalties. The project has also fallen behind schedule and remains unoperational.

At the My My Resort tourism complex (valued at over VND 2,480 billion and covering 22.62 hectares), the Government Inspectorate identified violations in investor selection, as no bidding process was conducted. Land was allocated without being included in the land use plan, and land type adjustments were made without determining land prices for financial obligations. The project has also experienced significant delays over several years.

For the Nha Trang Bay Hotel, Service, and Apartment Complex (located at 25–26 Pham Van Dong, with an investment of over VND 2,052 billion), the Government Inspectorate concluded that the transfer of defense land to a company without a public auction violated legal regulations. Notably, the Khanh Hoa Provincial People’s Committee allowed a deduction of VND 72 billion in compensation from land use fees, which is not in compliance with regulations and poses a risk of budget loss.

The Golden Bay Urban Area project in North Cam Ranh Peninsula (valued at VND 4,500 billion and covering nearly 79 hectares) was found to have several violations, including failure to determine land prices for lease payments, improper deduction of infrastructure investment costs, adjustments to planning that exceeded permitted construction density, signing capital contribution contracts without legal basis, and significant delays.

At the Panorama Nha Trang project (valued at VND 1,873 billion), inspectors noted that land leasing without auction, incorrect land pricing methods, and failure to reassess financial obligations after planning adjustments to increase building height were problematic. Notably, the inspection report highlighted that “the developer sold apartments not in line with the approved project objectives.”

Similarly, the Tac Riverside Urban Area project (valued at over VND 1,639 billion and covering over 36 hectares) and the Oai Huong Commercial and Tourism Service Complex (valued at VND 1,582 billion) also faced violations, including investor selection without bidding, land allocation outside the plan, incorrect land pricing timing, and severe project delays.

Recommendations to Revoke Land Certificates and Clarify Responsibilities

Based on the inspection findings, the Government Inspectorate recommends that the Prime Minister direct the Ministry of National Defense and the Khanh Hoa Provincial People’s Committee to review and clarify the responsibilities of involved organizations and individuals across all periods. Strict handling is required according to regulations, with cases showing criminal signs to be referred to investigative agencies.

The inspection agency proposes revoking incorrectly issued land use certificates, reassessing land prices to ensure full financial obligations are met, including the recovery of VND 72 billion from the Nha Trang Bay project to be returned to the state budget. Developers are urged to promptly rectify violations, accelerate project progress, protect citizens’ rights, and minimize complex complaints.