HA NOI — The Ha Noi People's Committee will issue a land confiscation decision based on 8.2ha of eight businesses in the city this month, according to reports.
Vice chairman of the People's Committee Vu Hong Khanh said all eight firms were found to have violated land laws. As a result, the city has decided to confiscate their properties and issue fines.
The city's property transaction centre and land development fund will make a budget proposal for land clearance and reimbursement for the businesses.
With 8.03 ha of land planned for confiscation, Nam Cuong Joint Stock Group holds the majority. Nam Cuong's property covers seven villages and one town in Thach That District. The land was approved for the Thach That urban residential area. However, after 46 months, inspectors found that the group had failed to pay for the land clearance of local residents and land use taxes. The Thach That District People's Committee will call on local residents to continue using their land in accordance with the law.
Other businesses subjected to the land confiscation include Education Equipment JSC, a mechanical factory under Viet Nam Automobile Corporation, a joint stock company under Agribank Viet Nam, Vina Apollo Tech, Ha Son Binh Foodstuff, Huong Dat and Thang Long Bridge No 5. — VNS