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Cancellation of house and land use rights related to Vu ‘Aluminum’

DanangReal estate at 47 Nguyen Thai Hoc, Hai Chau district, was confiscated by the city government, according to the execution decision.

The People’s Committee of Da Nang City has just issued a decision to cancel the Certificate of land use rights, ownership of houses and other land-attached assets, number BA 599724, issued to Minh Hung Phat Co., Ltd. Phu Gia Compound Company Limited) since May 2010.

The land plot is located at 47 Nguyen Thai Hoc, Hai Chau 1 ward, Hai Chau district, with an area of ​​159.3 m2, residential land use purpose in urban areas, long term of use. The property attached to the land is a two-storey office building with a construction area of ​​56 m2.





Current status of the house area 47 Nguyen Thai Hoc.  Photo: Nguyen Dong

Current status of the house area 47 Nguyen Thai Hoc. Image: Nguyen Dong

Decision signed by Vice President of Da Nang Le Quang Nam, stating the reason for cancellation according to the document dated January 4, 2022 of the City People’s Committee on the recovery of property being house and land according to the judgment No. 158/2020 of the People’s Court issued by the People’s Court. High Court in Hanoi and judgment No. 20/2020 of the Hanoi People’s Court.

Leaders of Da Nang City assigned the Department of Natural Resources and Environment to direct the Land Registration Office to update and correct cadastral records and land databases; coordinate with the Department of Justice in updating the database to prevent canceled certificates to monitor and look up when dealing with administrative procedures related to land.

The house above is being rented for business. To Van Hung, Director of the Department of Natural Resources and Environment of Da Nang City, said that the cancellation of the certificate of land use rights and house ownership at 47 Nguyen Thai Hoc would help the city have more public land to exploit. , use later.

Minh Hung Phat is a company related to Phan Van Anh Vu (Vu “Aluminum”), currently serving a prison sentence associated with the land scandals of many leaders of Da Nang in the previous period. The enterprise gave a 5-seat Toyota Avalon Limited car with a market value of about 2.5 billion dong to Mr. Nguyen Xuan Anh, before he was dismissed.

At the conclusion of the inspection of the conversion of houses and public land with prime locations to other purposes in Da Nang city in the period 2010-2016, the Government Inspector said that real estate at 47 Nguyen Thai Hoc was approved by the City People’s Committee. Da Nang agreed to sell and transfer the entire use right to Minh Hung Phat Company without going through an auction, the profit coefficient decreased from 1.4 to 1.2.

The total value of this property is calculated as VND 4,268 billion. Minh Hung Phat Company also gets a 10% discount on the total land use fee, so it only pays VND 3,851 billion to the state budget.

Nguyen Dong

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