HCM CITY – The HCM City People’s Committee has requested an investigation into violations made by the Sài Gòn Transportation Mechanical Corporation (SAMCO) and its companies.

Among SAMCO’s companies, the Miền Đông Bus Station Company and Bến Nghé Port Company committed the most violations.

Miền Đông Bus Station Company earns its revenue via fare collections from vehicles using the station.

This company was found to have poorly managed the station, causing revenue losses.

Specifically, the company signed service contracts with 199 transportation units, with vehicles of 16 to 50 seats.

All units registered with the city’s Department of Transport and had to pay a certain amount, depending on the number of seats and travel distance.

As the city inspectors randomly picked 58 days in 2015, 2016 and 2017, they found that the number of vehicles leaving from Miền Đông Bus Station was more than those actually paying the fare.

The difference ranged from 97 to 206 trips per day.

Based on 174 trips on average, the station lost VNĐ 8.6 million per day and a total of VNĐ 0.5 billion in 58 days.  

In addition to the violation, Miền Đông Bus Station Company should not have loaned SAMCO VNĐ34 billion or allowed supermarkets and other service providers to run business on the station’s land without informing the Department of Natural Resources and Environment.

The valuation of assets of the company, carried out by Đông Á Securities Bank, were inaccurate as well.

Phú Hữu Port

Bến Nghé Port Company currently manages 230,500 sq. metres of land at No. 9 Bến Nghé Street in District’s 7 Tân Thuận Đông Ward and 240,000 sq. metres of land in District 9’s Phú Hữu Ward.

Inspectors found that the company, together with Tân Cảng Sài Gòn Company and other stakeholders, established the Tân Cảng – Phú Hữu Joint Stock Company and rented out the entire Phú Hữu Port to the new company.

The city People’s Committee had only allowed collaboration between Bến Nghé Port Company and Tân Cảng Sài Gòn Company, not between Bến Nghé Port Company and Tân Cảng – Phú Hữu Joint Stock Company.

According to the law, Bến Nghé Port Company was not allowed to rent out the entire Phú Hữu Port’s infrastructure.

The HCM City People’s Committee agreed with inspectors and asked SAMCO to review and identify the individuals and organisations that committed violations at both Bến Xe Miền Đông and Bến Nghé Port companies.

The chairman of the city People’s Committee assigned the director of the Department of Natural Resources and Environment to inspect and review the use and management of land and properties of SAMCO, Bến Xe Miền Đông and Bến Nghé Port Companies.

The department is responsible for filing a report and submitting it to the People’s Committee. – VNS