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Monday, October 3, 2022

HCMC Justice Dept asked to report issues with Thu Thiem land auctions

The Saigon Times

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HCMC – The Judicial Support Department under the Ministry of Justice has asked the HCMC Department of Justice to report all issues related to the auctions of four land lots in the Thu Thiem New Urban Area in HCMC’s Thu Duc City before January 25.

According to the Judicial Support Department, the auctions of the land lots, especially the 3-12 land lot, have sparked controversy, the local media reported.

The department made the requirement after Do Anh Dung, chairman and general director of Tan Hoang Minh Group, whose subsidiary Viet Star Real Estate Investment Co., Ltd, won the auction for the land lot coded 3-12 with an area of over 10,000 square meters at VND24.5 trillion, proposed cancelling a contract to buy the land lot.

Dung explained that the auctions of land lots in the Thu Thiem New Urban Area might lead to a negative impact on the market, especially after Minister of Finance Ho Duc Phoc expressed his opinion on the land auctions at a recent National Assembly meeting.

Tan Hoang Minh accepted the loss of its deposit of nearly VND600 billion.

In a related development, the investigation department for corruption, smuggling and economic crimes under the Ministry of Public Security asked the Hanoi government and municipal department and agencies to provide documents on 11 projects of Tan Hoang Minh in the city.

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