Tag: long-term deposits

The An Phước residential project is at a standstill, plagued by delays and repeated requests for extensions. With outstanding financial obligations yet to be settled, it risks becoming a stalled project, leading to significant inefficiency and waste.

Following a devastating breach that resulted in fatalities, the Lâm Đồng Provincial authorities have ordered the complete drainage and demolition of all unauthorized reservoirs constructed by Việt Phong Phú Farm Company Limited.

The Vietnam Association of Realtors (VARS) has proposed stringent penalties for bidders who intentionally manipulate auctions and then default on their deposits. Under the new guidelines, offenders could face a ban from participating in auctions for a period ranging from 2 to 10 years, depending on the severity of their violation.