return icon

Thu Thiem residents will benefit from support policies: official

The support policies for residents affected by the Thu Thiem New Urban Area project in District 2 will not put them at a disadvantage, but will even benefit them, said HCMC Vice Chairman Vo Van Hoan.



The press briefing on August 14, on the Thu Thiem New Urban Area attracts a lot of attention from the local media


The HCMC government on August 14 organized a press briefing to announce the execution of its plans to act on the Government Inspectorate's conclusion on the project.

Hoan told the assembled reporters that the prices of their land would be calculated based upon the current market prices, not those set 10 years ago.

The prices have been compared with those of land in adjacent projects, Hoan said, adding that the city leaders understand the difficulties which residents have faced for a long period of time.

It is hard to calculate and compensate for their emotional loss. Nevertheless, the city has developed 10 additional policies for them.

As soon as the Government Inspectorate released Announcement 1483/TB-TTCP on September 4 last year on the results of an inspeciton into the Thu Thiem project, the HCMC government worked out a plan to act on the Government Inspectorate's findings.

Specifically, the city drew a map of the 4.3-hectare area in Binh An Ward identified as being outside the approved boundary of the project, with 331 households whose land was taken back by the city.

Nguyen Thanh Nha, director of the municipal Department of Planning and Architecture, said the city on August 13 approved the boundary of the 4.3-hectare area, as a foundation to work out support policies.

Then, a working team led by District 2 chairman Nguyen Phuoc Hung was established to propose aid policies for the affected residents. Hung said he had met with 305 households in the area.

In addition, the District 2 government will handle complaints and lawsuits by households outside the project’s boundary in line with the Law on Complaints.

HCMC Vice Chairman Hoan said the city government had consulted with the prime minister, the Government Inspectorate, the Ministry of Natural Resources and Environment and the Ministry of Construction over the map of the 4.3-hectare area.

The area has been expanded to 4.39 hectares to ensure the benefits of all residents.

Thus, the boundary of the 4.3-hectare area has been established and the support policies have been completed and will be sent to the municipal People’s Council late this month, Hoan said.

Answering a question on the return of VND26 trillion, which the city had advanced from its own budget for compensating and aiding those relocating to make room for the Thu Thiem project, deputy director of the HCMC Department of Finance Tran Mai Phuong said the money had already been spent on resettlement and site clearance compensation for the project.

On August 8, the city proposed the prime minister allow it to continue the project. After getting the approval, the department and the relevant agencies will propose the municipal government add it into the city's mid-term public investment plan.

As soon as the capital is disbursed, the project management board will complete procedures to take back the money.

Nguyen The Minh, head of the Investment and Construction Authority for the Thu Thiem New Urban Area (ICA), said the city had handed over land to four projects without holding auctions.

Of which, the investors of the 11.5-hectare monitoring tower project and the 4.8-hectare Song Viet complex project had paid the land use fees. The Government Inspectorate asked the HCMC government to recalculate the fees.

Additionally, the city has suspended the five-hectare smart complex project whose investor is Lotte Group and the 20-hectare sport and entertainment complex project to be developed by Vingroup as they have yet to pay the land use fees.

Thu Thiem New Urban Area was originally expected to become a new commercial, financial, cultural and tourism hub of the city. The project was not aimed at real estate business, but develop public facilities, such as a central square, a riverside park, a financial center and an international exhibition and convention center.

The project was planned to cover 657 hectares of land, including only 194.3 hectares for commercial purposes.

The new urban area, when in place, would open up opportunities for the development of the eastern part of the city and help the city to walk abreast with modern cities worldwide.

The city has compensated nearly VND17.5 trillion for 14,353 out of 14,357 households affected by the project and recalled 715.97 hectares of land. The support levels for residents in Thu Thiem are higher than those in other projects.

HCMC reports difficulties reclaiming State money from Thu Thiem project




The HCMC government has written to the central Government to report that it is difficult to have more than VND26.3 trillion (US$1.1 billion) returned, which the city had advanced from its own budget for the Thu Thiem New Urban Area project in District 2, as the money has already been paid to affected households and organizations.

According to the Government Inspectorate’s conclusions on the Thu Thiem New Urban Area project, the HCMC government must return VND26.3 trillion to the State budget this year. If not, the inspectorate will transfer the case to the Investigation Agency, under the Ministry of Public Security.

However, the money had been spent on resettlement and site clearance compensation for the project.

Therefore, the city proposed the Government assign the Ministry of Planning and Investment to coordinate with various agencies to help the city conduct procedures for the compensation and resettlement work.

In addition, the city expects the prime minister to allow it to continue with the site clearance, compensation and resettlement plan for the Thu Thiem New Urban Area project, as approved in 2010, and add the costs of the site clearance, compensation and resettlement for households in some 4.3 hectares in Binh An Ward, which was outside the zoned boundary of the project. SGT

Le Anh


HCM City will make fair compensation for Thu Thiem residents: official

HCM City will make fair compensation for Thu Thiem residents: official

Residents who had their land illegally taken by the local authorities have been told they will finally be compensated – at current market value.

HCMC People’s Council urges speedy resolution of Thu Thiem area dispute

HCMC People’s Council urges speedy resolution of Thu Thiem area dispute

The HCM City People’s Council has urged the city government to submit a long-awaited compensation policy for affected residents in the Thu Thiem new urban area in District 2 to the council for approval.


Doha Cup 2023: Vietnam's U23 football team return home with "empty hand"

Vietnam’s U23 team left Doha Cup 2023 with an "empty hand" after a close loss to their Kyrgyz rivals on March 29 (Vietnam time).


Government issues details on aid for ethnic minority housing, land reclamation

GDP growth of 3.32% in Q1 nears lowest level in 13 years

Vietnam’s gross domestic product (GDP) grew by 3.32% in the first quarter of the year, higher only than the growth rate of 3.21% recorded in the first quarter of 2020 in the 2011 to 2023 period, according to the General Statistics Office.

Four Japanese banks to provide US$300 million for Vietnamese renewable energy

Four Japanese banks are set to co-finance a total of US$300 million to provide credit lines to power producers using renewable energy in the nation as part of efforts to help the growing country in its decarbonising process.

15 short stories by Vietnamese writer published in RoK

A collection of 15 short stories written by local author Nguyen Huy Thiep were introduced to Korean readers by Wisdom Publishing House in March.

Hanoi’s ancient pagoda in the red-silk cotton tree season

In March, red-silk cotton trees bloom, showing off their beauty at the thousand-year-old Thay Pagoda in Quoc Oai district in Hanoi.

VN Government calls for broad-based measures to help realty sector

The Vietnamese Government has recently urged ministries to take measures to help the realty sector get back on track and sustain its healthy growth.

EC drops health certificates requirement for Vietnamese noodles

The European Commission (EC) has recommended removing Vietnamese rice noodle and vermicelli brands from conditions that require health certificates and 20 per cent random testing at the port of entry.

Ministry of Industry and Trade proposes draft on cross-border trade

The Ministry of Industry and Trade (MOIT) is seeking public comments on a legal draft amending Decree No14 on cross-border commercial activities.

Leaders of aviation firms to be disciplined if employees committed wrongdoings

The Civil Aviation Administration of Vietnam (CAAV) has just released directive 1480, on enhancing smuggling and commercial fraud prevention among aviation employees.

Golden tourism route links six destinations of Vietnam, China

A golden tourism route connecting six destinations of Vietnam and China was launched in Hanoi on March 28, expected to help the two countries enhance cross-border tourism links.

Vietnamese Foreign Minister holds online talks with Chinese counterpart

Minister of Foreign Affairs Bui Thanh Son held online talks with Chinese State Councilor and Foreign Minister Qin Gang on March 28, during which they agreed to intensify all-level exchanges.

Vietnam International Travel Mart 2023 to spotlight cultural tourism

The Vietnam International Travel Mart (VITM) themed “Cultural tourism” will take place on April 13-16 at the Cultural Friendship Palace in Hanoi, featuring 450 pavilions from over 50 localities nationwide, and 15 countries.

Vietnam, ILO sign decent work country programme for 2022 - 2026

The Decent Work Country Programme Vietnam 2022 - 2026 was signed between representatives of the Vietnamese Government, workers, and employers and the International Labour Organisation (ILO) in Hanoi on March 28.

Vietnam vows to control cross ownership in banks

The tightening of control over cross ownership aims to stop crises at banks.