HCMC – District 10 will take coercive measures to take back 11,000 square meters of land at 419 Le Hong Phong Street, according to a proposal presented by the HCMC Department of Natural Resources and the Environment.
According to the Vietnam News Agency, Nguyen Tien Dung, deputy chief inspector of the Department of Natural Resources and the Environment, stated that the department had submitted the proposal to revoke the land to the HCMC People’s Committee.
On 28 May 2021, the city people’s committee issued a land revocation decision on the land leased by the Saigon Shoes Joint Stock Company, also known as the G Saigon Education Joint Stock Company, for lease expiration in 2020 without renewal permission.
As of now, the businesses failed to comply with the regulation and other units still use the land as parking lots and unlicensed coach stations at the city center.
Currently, the Land Fund Development Center under the Department of Natural Resources and the Environment is tasked with stepping up the land revocation.