On September 24th, Vice Chairman of Da Nang City People’s Committee, Tran Nam Hung, conducted an on-site inspection of three real estate projects developed by Bach Dat An Joint Stock Company. These projects include the 7B Extended Urban Area, Hera Complex Riverside Urban Area, and Bach Dat Urban Area, all located in Dien Ban Dong Ward, Da Nang City.
Mr. Tran Nam Hung, Vice Chairman of Da Nang City People’s Committee (in blue, center), inspects the progress of the three projects by Bach Dat An Joint Stock Company.
These three projects have been embroiled in controversy, with over 1,000 customers filing complaints. Previously, the People’s Committee of Quang Nam Province (former) had issued multiple directives to resolve these issues, including facilitating the developer’s tax obligations to restore their business registration, extending project completion deadlines, and requiring all parties to commit to escrow funds for land clearance compensation and phased project implementation.
According to a report by the Land Fund Development Center, Branch 6, as of now, the 7B Extended Urban Area has completed approximately 98% of land clearance, Hera Complex Riverside Urban Area has reached 95%, and Bach Dat Urban Area has achieved 85%.
Observations by reporters indicate that these projects have resumed infrastructure construction, albeit at a slow pace, following government interventions to address their challenges. Specifically, the 7B Extended Urban Area and Bach Dat Urban Area are currently installing pipes, aggregating construction materials, sidewalks, road foundations, and electrical poles. Meanwhile, Hera Complex Riverside Urban Area has begun site cleaning, tree removal, and other land preparation activities.
The projects have resumed infrastructure construction, but progress remains slow.
During the inspection, Vice Chairman Tran Nam Hung emphasized that the ultimate goal is to resolve all project obstacles and issue land use right certificates to residents.
He directed relevant agencies to take decisive measures to ensure project timelines and protect the legal rights of landowners. The target for all three projects is to complete land clearance by December 2025.
Additionally, city leaders mandated that the developer must demonstrate sufficient financial capability to continue infrastructure investment, compensate residents, and pay land use fees. Upon fulfilling these obligations, the city leadership will promptly issue land use right certificates.
Da Nang Exposes Series of Violations at Mineral Mines
The inspection findings reveal widespread violations across numerous mineral mines in Da Nang, ranging from unauthorized over-extraction and underreported production volumes to insufficient financial contributions.
Revival of the 880-Hectare Mega City Project in Hoc Mon with a $2.4 Billion Investment After 20 Years of Stagnation
After nearly two decades of stagnation due to land clearance issues, the Berjaya International University Urban Area project in Hoc Mon is poised for a revival, as the Prime Minister has mandated its completion within the next 10 years.
Land Handover Details for Quảng Ninh’s $2.2 Billion Gas-to-Power Project
Residents with land in Phase 1 of the Quang Ninh LNG Power Plant project in Cuong Ong Ward have signed compensation agreements and handed over their land to the investor, paving the way for the plant’s construction to begin.
What Can We Learn from Free Trade Models in the World’s Most Developed Cities?
Free Trade Zones (FTZs) have long been recognized as powerful engines of growth for economies worldwide, driving global trade and fostering economic development.
Da Nang Seeks $2 Billion Investment for Lien Chieu Port Project
The Lien Chieu Port project, a $2 billion endeavor in Da Nang, is set to revolutionize Vietnam’s maritime landscape. This ambitious initiative will undergo a competitive bidding process to select investors, aiming to establish a state-of-the-art container port and international transshipment hub. With a focus on modernity and global connectivity, the project promises to elevate Vietnam’s position in the international shipping industry.
