Announcement 1169 states there is sufficient evidence that land in the five quarters of Binh An, Binh Khanh and An Khanh wards is inside the Thu Thiem New Urban Area, so it cannot be disputed.

The deadline for the first round of Thu Thiem land use fee payment has expired, yet none of the four winners of the land auction on December 10, 2021 perform its duty.

Tan Hoang Minh withdrew from the Thu Thiem land auction; a life sentence was upheld for Tran Phuong Binh, former CEO of Dong A Bank; and Vinasun’s boss resigned. These were the most outstanding stories last week.

Tan Hoang Minh, the winner at the auction for a land plot in an advantageous position in the Thu Thiem new urban area, has unexpectedly quit the game. The move has raised many questions.

Tan Hoang Minh won the bid in a ‘duel’ to buy the 3-12 land plot in Thu Thiem new urban area in HCM City, but finally gave up.

The Police Agency for Investigation of Crimes on Corruption, Economy and Smuggling (C03) of the Ministry of Public Security has asked the Hanoi People's Committee to provide documents related to projects based in Hanoi of the Tan Hoang Minh Group.

Tan Hoang Minh Group has sent a letter to the Party, State and Government leaders, and HCM City People’s Committee about its decision to withdraw from Thu Thiem land purchase that it won at auction in mid-December.

HCM City authorities plan to establish a steering committee on the creation of a “city within a city” that will include districts 2, 9 and Thu Duc, according to Nguyen Thanh Phong, chairman of the city People’s Committee. 

A dialogue between the Government Inspectorate and residents in five residential quarters in the three wards of Binh An, An Khanh and Binh Khanh in HCMC’s District 2 has been delayed for the second time.

The State Audit Office of Vietnam (SAV) will scrutinize 16 ministries and central agencies; 40 provincial-level governments; and a number of financial institutions, banks and State-owned firms next year.

HCM City authorities have approved several major housing and urban projects spread over hundreds of hectares in both inner and suburban districts.

HCMC Chairman Nguyen Thanh Phong has approved a proposal to collect US$77.5 million in unpaid land-use fees from the investor that is developing four key road projects in exchange for land in Thu Thiem urban area project.

The announcement of an auction for 55 land plots in Thu Thiem New Urban Area in District 2 of HCM City is expected to ­encourage foreign developers through the wide land area offered, the transparent conditions, and the low risks.

HCM City plans to invite experienced international experts to get involved in selecting designs for a pedestrian bridge linking District 1 and the Thu Thiem New Urban Area in District 2 over the Saigon River.

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.

HCM City authorities recommended the construction of Ho Chi Minh Square in Thu Thiem new urban area.

HCM City will organise an auction to seek investors for the right to use nine land plots in the Thu Thiem new urban area in District 2.

Many infrastructure facilities, including roads are overloaded as many new residential areas have been built and the number of means of transportation rapidly rise in suburban areas of Ho Chi Minh City in the past few years.

VietNamNet Bridge - Japanese investors continue pouring money into Vietnam real estate firms despite the prediction that hot growth will slow in the time to come.