the project of over VND66 trillion of Ha Long Group behind schedule 5 years was revoked

Quang Ninh People’s Committee has decided to withdraw the project of general commercial services (commercial name is Hai Ha Plaza) in Quang Ha town, Hai Ha district because of delayed deployment over 5 years.

Hai Ha Plaza project is 4,690sqm, invested by Ha Long Group. The project has been approved by the Quang Ninh authorities at the construction site in late 2010, approving the detailed construction 1/500 in October 2012 with the estimated investment capital of VND66,192 billion.

Perspective of Hai Ha Plaza project

According to the decision of the People’s Committee of Quang Ninh province signed by the Vice Chairman of Vu Van Dien Province on August 1, 1818, from the date approved by the provincial People’s Committee detailed planning, the project of general trade services delayed to 71 months (over 5 years).

In addition, the Ha Long Group has repeatedly committed incorrectly with the Hai Ha District People’s Committee, Economic Zone Management Board on the compensation of site clearance, deposit to ensure the implementation of the project, the players construction investment in accordance with the progress of the project implementation in the minutes of work on 12 May 2017, 21 May 2015, 30 December 2014, 12 November 2014,  26 June 2014 …

Previously, in July 2018, the People’s Committee of Quang Ninh province also issued a decision on land recovery of Ha Long Group Joint Stock Company (HABIN) to Ha Long Port Company Limited continue to lease land as shown Annual land lease payment to implement the port project (excluding coal) in Thong Nhat commune, Hoanh Bo district.

Specifically, Quang Ninh province reclaimed 13,430.6 sqm of greenery corridor, connecting technical infrastructure with provincial road 328, Ha Long Group Joint Stock Company has completed the management of the People’s Committee of Thong Nhat commune; Land acquisition of 55,049.4sqm of Ha Long Group is being managed.

According to the decision, the reason for the land acquisition is the Ha Long Group made arrangements, restructuring the organization and operation, the owner is still Ha Long Group Corporation.

Ha Long Group Joint Stock Company was established in February 2004; Headquartered in Group 9, Zone 3, Bai Chay Ward, Ha Long City, Quang Ninh Province.

This is an enterprise operating in the field of basic investment, the strength is the construction of infrastructure, design consultancy, planning, construction investment; It has invested in fields such as materials industry, mining industry, BT, BOT projects, construction of tourist areas and urban areas.

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