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Da Nang worries about coastal 'Chinese street'
Many of the projects have been taken over by Chinese who later built multi-story buildings to accommodate many people.
Le Viet Truong, deputy chair of the National Security & Defence Committee, emphasized that under the current laws foreigners can buy houses in Vietnam, but with limitations.
In the case of Da Nang, he said, there would be no problem if Chinese and foreigners take over hotel and restaurant projects and develop projects as initially planned.
However, it would be ‘abnormal’ if they buy projects and then build villas and houses for accommodation.
Da Nang would have to join forces with the Ministry of National Defence to check all the projects that have been licensed and transferred recently.
If they discover that the projects could affect the national defence and operational plan, Da Nang will have to take back the projects and compensate investors.
“Da Nang will not be involved in problems with administrative orders, behavior unsuitable in the context of the international integration,” he said.
Under current laws, in ‘sea border areas’, all activities must comply with strict regulations set by the Ministry of National Defence and the Seaway Law.
Truong believes that Da Nang can refer to the provision to deal with these cases.
Da Nang and some other localities, as well as foreign businesses, have at times leased land from local authorities, and then set up fences around the leased land and prevented Vietnamese from passing through the areas.
Analysts have also warned that many foreign investors are attempting to take over real estate projects in coastal areas of Vietnam. The Phoenix project in Khanh Hoa province is a typical example.
Hoang Quang Huy, deputy chair of the Da Nang Planning and Development Association, noted that Son Tra Peninsula and Ngu Hanh Son in Da Nang are in a “delicate area’ and any activities of use and land improvement in the area must be approved by the Ministry of National Defence.
Dieu from the city’s Department of Natural Resources and the Environment said it was difficult to control the transactions between Vietnamese and foreigners on real estate project transfers.
“We have suggested setting up restrictions on the real estate areas foreigners can buy or lease in Da Nang’s coastal areas. The city would report to the government about this,” Dieu said.
Many of the projects have been taken over by Chinese who later built multi-story buildings to accommodate many people.
Le Viet Truong, deputy chair of the National Security & Defence Committee, emphasized that under the current laws foreigners can buy houses in Vietnam, but with limitations.
In the case of Da Nang, he said, there would be no problem if Chinese and foreigners take over hotel and restaurant projects and develop projects as initially planned.
However, it would be ‘abnormal’ if they buy projects and then build villas and houses for accommodation.
Da Nang would have to join forces with the Ministry of National Defence to check all the projects that have been licensed and transferred recently.
If they discover that the projects could affect the national defence and operational plan, Da Nang will have to take back the projects and compensate investors.
“Da Nang will not be involved in problems with administrative orders, behavior unsuitable in the context of the international integration,” he said.
Under current laws, in ‘sea border areas’, all activities must comply with strict regulations set by the Ministry of National Defence and the Seaway Law.
Truong believes that Da Nang can refer to the provision to deal with these cases.
Da Nang and some other localities, as well as foreign businesses, have at times leased land from local authorities, and then set up fences around the leased land and prevented Vietnamese from passing through the areas.
Analysts have also warned that many foreign investors are attempting to take over real estate projects in coastal areas of Vietnam. The Phoenix project in Khanh Hoa province is a typical example.
Hoang Quang Huy, deputy chair of the Da Nang Planning and Development Association, noted that Son Tra Peninsula and Ngu Hanh Son in Da Nang are in a “delicate area’ and any activities of use and land improvement in the area must be approved by the Ministry of National Defence.
Dieu from the city’s Department of Natural Resources and the Environment said it was difficult to control the transactions between Vietnamese and foreigners on real estate project transfers.
“We have suggested setting up restrictions on the real estate areas foreigners can buy or lease in Da Nang’s coastal areas. The city would report to the government about this,” Dieu said.
Dat Viet
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