Binh Dinh seeks PM help with farmland conversion for major urban area projects

By Nguyen Tri, Huong Dung
Tue, June 27, 2023 | 4:23 pm GMT+7

Binh Dinh has proposed Prime Minister Pham Minh Chinh directly intervene in removing difficulties related to farmland conversion procedures for 10 urban area projects in the south-central province.

One of these projects is the Long Van 3 Urban Area in Bui Thi Xuan ward, Quy Nhon town, invested in by a joint venture of Binh Dinh TC Construction JSC and Nhon Tan Warehouse Development and Investment One Member Company Limited.

The 38 hectare project, with a total investment of VND2.55 trillion ($108.36 million), is facing difficulties in converting about 20.79 hectares of rice fields.

An urban area project underway in Binh Dinh province, south-central Vietnam. Photo by The Investor/Nguyen Tri.

An urban area project underway in Binh Dinh province, south-central Vietnam. Photo by The Investor/Nguyen Tri.

The VND2.22 trillion ($94.34 million) Long Van 4 Urban Area project, also in Bui Thi Xuan ward, invested in by a joint venture between Phu Tai JSC and Nhon Tan Warehouse Development and Investment One Member Company Limited, is encountering obstacles in converting about 11.9 hectares of farmland out of its total area of 32 hectares.

Meanwhile, the VND2.25 trillion ($95.6 million) Northeast Dieu Tri Green Urban Area in Tuy Phuoc district, invested in by a joint venture of Capital House and An Binh House Service and Investment JSC, needs 40.66 hectares of its total area of 45 hectares converted.

The NDT1 and NDT2 urban areas to the west of the new National Highway 19 in Nhon Binh ward, Quy Nhon town, both invested in by the Nhon Tan Warehouse Development and Investment One Member Company Limited, have to get 22.44 hectares and 22.77 hectares of rice fields converted, respectively. The two projects are expected to cost VND3.01 trillion ($127.9 million), respectively.

Other projects with conversion problems are: the VND797 billion ($33.86 million) urban area south of National Highway 19 in Tay Son district; the VND1.46 trillion ($62 million) Tra Quang Nam Urban Area in Phu My district; the VND1.65 trillion ($70.1 million) Binh Chuong Nam Urban Area in Hoa Nhon township; the VND421 billion ($17.88 million) Cam Van New Urban Area in An Nhon township; and the VND2.48 trillion ($105.36 million) Nhon Binh New Urban Area in Quy Nhon town.

Comments (0)
  • Read More
Vietnam launches $38.4 bln National Data Development Fund to fuel digital transformation

Vietnam launches $38.4 bln National Data Development Fund to fuel digital transformation

The Government has established the National Data Development Fund, with an initial capital of VND1 trillion ($38.4 billion), to strengthen digital infrastructure and promote data governance.

Companies - Mon, June 30, 2025 | 10:52 pm GMT+7

Vietnam enjoys robust recovery amidst global challenges

Vietnam enjoys robust recovery amidst global challenges

The Vietnamese economy is demonstrating remarkable recovery amidst global turbulence, earning positive endorsements from major international organizations like the IMF, OECD, World Economic Forum (WEF), and UOB bank.

Economy - Mon, June 30, 2025 | 10:46 pm GMT+7

Gaming industry eyes over $430 mln revenue this year

Gaming industry eyes over $430 mln revenue this year

Games published by Vietnamese studios generated around $315 million in revenue in 2024, according to GameGeek, a platform connecting Vietnam’s gaming ecosystem.

Companies - Mon, June 30, 2025 | 10:25 pm GMT+7

Vietnam's leading industrial park developer Becamex to issue bonds worth $95.7 mln

Vietnam's leading industrial park developer Becamex to issue bonds worth $95.7 mln

Leading industrial park developer Becamex IDC (HoSE: BCM) has announced a resolution to issue VND2,500 billion ($95.7 million) worth of private placement bonds between June and November 2025.

Finance - Mon, June 30, 2025 | 10:13 pm GMT+7

European firms in Vietnam are showing 'remarkable resilience': EuroCham

European firms in Vietnam are showing 'remarkable resilience': EuroCham

The Q2/2025 Business Confidence Index (BCI) released by EuroCham on Monday shows an evolving but still resilient outlook among European businesses operating in Vietnam. Below is the chamber's analysis of the implications of the BCI.

Economy - Mon, June 30, 2025 | 6:44 pm GMT+7

No longer optional: Fire insurance compulsory starting July 1

No longer optional: Fire insurance compulsory starting July 1

Apartment buildings and residential complexes with five floors or more, or a total floor area of at least 1,000 square meters, are required to purchase special risk and fire insurance under a government resolution set to take effect on Tuesday.

Companies - Mon, June 30, 2025 | 4:35 pm GMT+7

Vietnam Deputy PM requests measures to upgrade stock market status

Vietnam Deputy PM requests measures to upgrade stock market status

Vietnam’s Deputy Prime Minister Ho Duc Phoc on Saturday tasked the Ministry of Finance with deploying necessary solutions to meet international criteria for upgrading the country’s stock market status.

Economy - Mon, June 30, 2025 | 3:24 pm GMT+7

Vietnamese lender MB fully embraces digitalization to redefine banking

Vietnamese lender MB fully embraces digitalization to redefine banking

By completely overhauling its recruitment approach and breaking traditional boundaries, Vietnam's leading creditor MB is redefining banking through an intelligent data-driven platform.

Companies - Mon, June 30, 2025 | 3:02 pm GMT+7

Party chief To Lam attends ceremony establishing new Ho Chi Minh City

Party chief To Lam attends ceremony establishing new Ho Chi Minh City

Vietnam's Party chief To Lam on Monday morning attended a ceremony to announce the formation of the new Ho Chi Minh City, following its historic merger with Ba Ria-Vung Tau and Binh Duong provinces.

Politics - Mon, June 30, 2025 | 2:25 pm GMT+7

Vietnam’s 'legendary' instant noodle Miliket sees market share drop to 2% from 20% before 2006

Vietnam’s 'legendary' instant noodle Miliket sees market share drop to 2% from 20% before 2006

The iconic “two-shrimp” noodle brand, which once held a 20% share of Vietnam’s instant noodle market, now accounts for just 2%.

Companies - Mon, June 30, 2025 | 12:15 pm GMT+7

Japan's JBIC pledges financing for green transition projects in Vietnam  

Japan's JBIC pledges financing for green transition projects in Vietnam  

The Japan Bank for International Cooperation (JBIC) stands ready to provide financing for Japanese companies to carry out green transition projects in Vietnam within the Asia Zero Emission Community (AZEC) framework.

Economy - Mon, June 30, 2025 | 11:46 am GMT+7

Billion-dollar projects by Vietnam’s leading property developer Novaland see legal hurdles cleared

Billion-dollar projects by Vietnam’s leading property developer Novaland see legal hurdles cleared

Since mid-June, Vietnam’s leading property developer Novaland (NVL) has secured crucial legal approvals for two billion-dollar developments - Aqua City in the south and NovaWorld Phan Thiet in the central region.

Companies - Mon, June 30, 2025 | 8:58 am GMT+7

VinFast inaugurates its second electric vehicle factory in Vietnam

VinFast inaugurates its second electric vehicle factory in Vietnam

VinFast, a Vietnamese EV manufacturing startup, on Sunday inaugurated a factory in Ha Tinh province's Vung Ang Economic Zone, its second in Vietnam after the one in Hai Phong city.

Industries - Sun, June 29, 2025 | 5:16 pm GMT+7

KBC to double down on mega golf course project in northern Vietnam

KBC to double down on mega golf course project in northern Vietnam

KinhBac City Development Holding Corporation (KBC), a leading industrial real estate developer in Vietnam, will forgo dividend payouts this year to retain capital for ongoing projects, including a 990.43-hectare property development in the northern province of Hung Yen.

Companies - Sun, June 29, 2025 | 1:30 pm GMT+7

Unit of Vietnam’s first LNG power complex connects to national grid

Unit of Vietnam’s first LNG power complex connects to national grid

The Nhon Trach 4 power plant, one of two units in Vietnam’s first liquefied natural gas (LNG)-fueled power complex, officially connected to the national grid on Friday with an initial capacity of 50 MW.

Energy - Sun, June 29, 2025 | 10:00 am GMT+7

'Blockbuster' deals expected to boost Vietnam's stock market

'Blockbuster' deals expected to boost Vietnam's stock market

Initial public offerings (IPOs), new listings, and bourse transfers are expected to become key drivers for the Vietnamese stock market in the coming time.

Finance - Sun, June 29, 2025 | 9:02 am GMT+7