Binh Dinh seeks PM help with farmland conversion for major urban area projects
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.
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.
- Related News
- Read More
Construction trio keen on building $1.5 bln expanded expressway in southern Vietnam
Three construction majors in Vietnam are interested in building an expanded expressway connecting Ho Chi Minh City with the Mekong Delta provinces of Long An and Tien Giang for an estimated VND38.6 trillion ($1.52 billion).
Infrastructure - Tue, November 19, 2024 | 8:18 pm GMT+7
Singapore, Germany upgrade relations to strategic partnership
Singapore and Germany have decided to elevate their ties to a Strategic Partnership to promote closer cooperation in areas of mutual interest such as security, artificial intelligence (AI) and clean energy.
Southeast Asia - Tue, November 19, 2024 | 8:01 pm GMT+7
Thailand’s rice shipment up 20% in 10 months
Thailand exported 8.37 million tons of rice in January-October, a year-on-year increase of 20%, according to the Ministry of Commerce.
Southeast Asia - Tue, November 19, 2024 | 8:00 pm GMT+7
Vietnam’s inconsistent legal framework poses problems for FDI sector: Deep C exec
Vietnam’s legal framework lacks consistency and the foreign direct investment (FDI) sector will soon face challenges related to the Law on Environmental Protection, says Bruno Jaspaert, CEO of Deep C Industrial Zones.
Economy - Tue, November 19, 2024 | 6:30 pm GMT+7
Vietnam shares sink on extended foreign selloffs
Vietnamese equities fell for a fourth consecutive day on Tuesday as foreign traders extended their selling spree.
Finance - Tue, November 19, 2024 | 5:10 pm GMT+7
Germany’s household product firm QuickPack to invest $32 mln in Vietnam
Germany’s QuickPack, a specialist for household goods and hygiene products, will invest €30 million ($31.8 million) in Vietnam’s Mekong Delta province of Long An.
Industries - Tue, November 19, 2024 | 4:24 pm GMT+7
Malaysian millionaire willing to invest in convicted Vietnamese tycoon’s property project: lawyers
Malaysian millionaire Vincent Tan has evinced investment interest in a residential project owned by convicted tycoon Truong My Lan, chairwoman of Van Thinh Phat Group, lawyers for the latter have disclosed.
Real Estate - Tue, November 19, 2024 | 4:17 pm GMT+7
‘Bottleneck of bottlenecks’ continues to dog Vietnam's property, infrastructure projects
Limited consultations between state agencies and the parliament’s primary focus on wording are issues with Vietnam’s legal framework adversely affecting property and infrastructure projects, say experts and corporate leaders.
Economy - Tue, November 19, 2024 | 3:40 pm GMT+7
President Xi Jinping hastens construction of 3 Vietnam-China rail routes
Chinese President Xi Jinping has called for more substantial cooperation between China and Vietnam, including the pacier implementation of three railway routes linking the two nations.
Infrastructure - Tue, November 19, 2024 | 3:08 pm GMT+7
Vietnam developers offer deferred principal payments, interest support to boost year-end sales
Vietnamese housing developers are offering several incentives including deferred principal payments and interest support to stimulate demand and boost liquidity as the year nears its end.
Real Estate - Tue, November 19, 2024 | 2:29 pm GMT+7
Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory
Australia-based EQ Resources Limited has acquired its fellow firm Tungsten Metals Group (TMG), which owns and operates the largest ferrotungsten (FeW) factory outside China.
Companies - Tue, November 19, 2024 | 11:00 am GMT+7
Techcom Securities becomes largest broker in Vietnam by capital base
Techcom Securities JSC (TCBS) has become the largest securities company in Vietnam by charter capital after finishing a rights offering last week.
Finance - Tue, November 19, 2024 | 9:11 am GMT+7
Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec
Vietnam's airports operator ACV expects to earn $145 million from non-aviation services this year, accounting for around 18.83% of its total revenue, which is modest compared to other countries, said deputy general director Nguyen Duc Hung.
Companies - Tue, November 19, 2024 | 7:45 am GMT+7
The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment
A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.
Companies - Tue, November 19, 2024 | 7:00 am GMT+7
Indonesia promises Asia-Pacific investors more incentives
Indonesian President Prabowo Subianto recently told the press that he will create more incentives and expand special economic zones (SEZs) so as to lure investors from Asia-Pacific.
Southeast Asia - Mon, November 18, 2024 | 11:01 pm GMT+7
Indonesia, Brazil enhance aviation cooperation
Indonesia's state-owned aircraft manufacturer, Dirgantara Indonesia (DI), and Brazilian aerospace company Embraer have signed a memorandum of understanding (MoU) to expand collaboration in the commercial aviation sector.
Southeast Asia - Mon, November 18, 2024 | 11:00 pm GMT+7
