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Bay Hien Tower Project

The city inspectorate collected over VND1.2trn in fines, seized five houses and over 426 square metres of land. The HCM City People's Committee transferred eight cases to the police of which three cases have caused great losses and triggered public outrage.

The goal is to clarify individual responsibility in land transfer and administrative procedures.

One of three cases is Bay Hien Tower Project in Tan Binh District. The project was supposed to have 20 floors with 170 apartments. However, the investor, Thang Long Company added more floors to the constructions and transferred the project to Long Hung Phat Company.

 

Thang Long Company was fined VND45m and asked to fix all of the problems. However, the company ignored the fines and continued advertising their project.

The second project is Dragon Court in District 7 and invested by Van Gia Long Company. The investor took the deposits without completing the required procedures.

Bac Rach Chiec residential area project is also facing investigation. Bac Rach Chiec Project had been hoped to be a modern urban area with villas, office buildings, shopping centre, park and schools. But after 20 years, the infrastructure is still incomplete.

HCM City People's Committee has transferred various cases to the police such as the violations at nine projects to develop water supply network of Trung An Water Supply JSC- Saigon Water Supply Corporation.