Hà Nội prohibits using the first floor of resettlement houses for business

June 22, 2020 - 10:46

Previously, many apartments leased their first floor for trading purpose without the approval of the municipal People's Committee.

A resettlement area in Hà Nội. — VNA/VNS Photo Hoàng Lâm

HÀ NỘI — The first floors of resettlement apartments in Hà Nội can no longer be used for trading and leasing joint venture purposes.

The city’s People's Committee has assigned authorities in districts, wards and towns to use the first floors of resettlement apartments under State possession for community activities, which are managed and reported in accordance with public asset policies.

Previously, many apartments leased their first floor for trading purpose without the approval of the municipal People's Committee.

Specifically, a report of the Hà Nội Department of Construction said the city assigned the Hà Nội Housing Management and Development One-member Company Limited to manage 148 resettlement buildings with first-floor area of up to 56,937 square metres.

However, the company has arranged for 21 individuals and organisations to use 4,038 square metres for business without the approval of the city People's Committee.

In addition, the entire rental fee of this area of more than VNĐ20 billion (US$858,000) has not been remitted into the State budget. — VNS

Aviation stocks waiting for takeoff as businesses soar

Economy

Monetary policy forecast unlikely to loosen further

Economy

PM attends Dominican Republic-Việt Nam business dialogue in Santo Domingo

Economy

New decree on using telecommunications accounts for payment proposed

Economy

Việt Nam resolved to boost digital economy with national action plan

Economy

MM Mega Market recognised among the 'Top 100 Best Places to Work in Việt Nam 2024'

More on this story

Economy

Bà Rịa-Vũng Tàu seeks to improve logistics competitiveness

Bà Rịa-Vũng Tàu Province authorities plan to spend VNĐ 20 trillion (US$850 million) from now through 2025 on infrastructure to achieve their goal of comprehensive development.

Economy

Techcombank targeted VNĐ13 trillion pre-tax profit in 2020

Techcombank (TCB) has set a pre-tax profit target of VNĐ13 trillion (US$559.3 million) in 2020, increasing slightly one per cent from last year.

Economy

Vietnamese businesses strive to reduce inventory after COVID-19

A recent survey conducted by the General Statistics Office showed 57.7 per cent of enterprises affected by the pandemic said their consumption market has decreased sharply.

Economy

‘Prudent’ Tracodi sets modest financial targets for this year

The Transport and Industry Development Investment Joint Stock Company (Tracodi) targets revenues of VNĐ1.92 trillion (US$82.6 million) and after-tax profits of VNĐ101 billion ($4.34 million) in 2020, a year-on-year increase of 13.1 per cent and 6.7 per cent.

Economy

EU to remove tariffs on Vietnamese tuna once trade deal takes effect

The European Union will eliminate tariffs on fresh and frozen Vietnamese tuna products, with 11,500 tonnes of canned tuna and 500 tonnes of canned fish balls exempted annually, once a free trade pact the two sides have signed comes into effect possibly in August.