On October 11, the Government Inspectorate announced the conclusion of the inspection of the conversion of land use purposes from production and business to land business and housing construction in the period 2011 - 2019 of state-owned enterprises and equitized enterprises.

The inspection conclusion announcement shows that the conversion of land use purposes from production and business land to housing construction of state-owned enterprises and equitized enterprises has achieved positive results, land use efficiency has been promoted, meeting part of the housing supply for people...

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Overview of the announcement of inspection conclusions on October 11. Photo: Inspection Newspaper

However, the inspection results of 8 land plots and projects in Hanoi, Ho Chi Minh City and Binh Duong province showed that the implementation of land use purpose conversion, land recovery and land allocation still had shortcomings, defects and violations. The Government Inspectorate has requested the Ministry of Public Security to receive records and documents for consideration, investigation and handling according to the law for violations of the law in many projects.

Violations at 3 projects in Hanoi

According to the conclusion, at the high-rise housing, office and service project at 120 Hoang Quoc Viet, Cau Giay district, the inspection agency stated that the Hanoi People's Committee approved land use fees 57.5 billion VND lower than the land use right value approved by the Ministry of Industry and Trade in the enterprise value when equitizing Vietnam Steel Corporation.

This poses a risk of reducing the value of equitized enterprises, leading to a decrease in state budget revenue. At the same time, the encroachment of land by some people has lasted for many years, seriously violating the law on land management and use, and has not yet been handled by the Vietnam Steel Corporation, the Hanoi People's Committee, and relevant agencies according to the law, leading to a risk of losing land use rights, the conclusion stated.

The inspection agency also discovered violations at the project of Housing, Office and Commercial Services Complex on Phap Van Street, Hoang Liet Ward, Hoang Mai District, Hanoi. Specifically, Vietnam Agricultural Construction Corporation contributed capital to establish Phuong Dong Investment One Member Limited Liability Company with the use and commercial value of the land use rights with annual rental payments. This was concluded to be illegal, leading to the Hanoi People's Committee reclaiming the land, allocating land and allowing Phuong Dong Company to change the land use purpose of more than 14,000m2 of land to implement the project, which was not in accordance with the plan approved by the Prime Minister. At the same time, Phuong Dong Company used 312 apartments for short-term rental and sold under the form of long-term ownership, which was considered not in accordance with the land use purpose approved by the Hanoi People's Committee.

At the investment project to build a commercial, service and housing center at 275 Nguyen Trai Street, Thanh Xuan District, Hanoi (over 23,000m2), the Inspectorate also discovered a number of violations. Specifically, from the illegal capital contribution, the Hanoi People's Committee reclaimed 23,380m2 of production land from Precision Engineering Joint Stock Company No. 1, and transferred it to Hung Viet Trading Joint Stock Company to implement the housing project, without compensation or site clearance for auction as prescribed. Precision Engineering Joint Stock Company No. 1 transferred 3.2 million shares at Hung Viet Company to Hoang Huy Financial Services Investment Joint Stock Company at par value, without auction or share valuation. This was concluded to be a violation of the Government's Decree.

Some violations at projects in Ho Chi Minh City and Binh Duong

In Ho Chi Minh City, the Government Inspectorate requested the Ministry of Public Security to receive information and documents to review, investigate and handle according to regulations for two projects: the Office, Commercial and Residential Building Project at 244 Kha Van Can (Hiep Binh Chanh Ward, Thu Duc District) and the Low-rise Housing Project at 5 Street 22, Quarter 4, Hiep Binh Chanh Ward, Thu Duc District.

In Binh Duong, signs of violations in 3 projects discovered by the inspection agency were also transferred to the Investigation Agency. Notably, the conclusion stated that Di An Railway Development Company Limited sold 5 plots of land belonging to the Di An railway commercial housing and apartment project contrary to the planning (the approved planning was public land for the construction of kindergartens), committing fraud and appropriation of property.

The fact that the departments and branches advised the Binh Duong Provincial People's Committee to approve the land price calculated according to the project implementation time adjusted from 3 to 5 years according to the investor's request, led to a reduction in land use fees of nearly 14.8 billion VND. The Binh Duong Provincial People's Committee allowed Di An Railway Development Company Limited to use 64,000 m2 of land to implement the Railway Commercial Housing Project without auctioning the land use rights, risking a loss of about 220.466 billion VND to the budget. In addition, this Company has not fulfilled its financial obligations, is not qualified to mobilize capital but has signed a capital mobilization contract, showing signs of fraud and property appropriation.

According to Tin Tuc Newspaper