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Tuan Chau remove the project in Binh Chanh, HCM

Kim Bien market is known as "the market of death" of the HCMC

Tuan Chau Group has proposed stopping the construction of an aromatics and chemical trading center on an area of ​​nearly 20ha in District 8 and Binh Chanh District (replacing Kim Bien Market, District 5, Ho Chi Minh City) .

This is one of the three key projects proposed by Tuan Chau Group at the beginning of this year, along with the project of Can Gio Seafood Port and Saigon River Boulevard.

Dao Hong Tuyen island official withdrawal from the project instead of Kim Bien market
Dao Hong Tuyen island official withdrawal from the project instead of Kim Bien market

The Tuan Chau Group’s abandonment of the project is attributed to the development of some legal obstacles after the survey, and this position is also not consistent with the city’s planning.

Kim Bien market is known as "the market of death" of the HCMCKim Bien market is known as “the market of death” of the HCMC

Immediately after Tuan Chau “fled”, the Department of Industry and Trade. Ho Chi Minh City is finally finding new investors and organizing bids to select investors and compensation and land clearance more than 11 hectares near Phong Phu Industrial Park (District 8) was approved earlier.

Under the latest plan, the selection of new investors will be completed by the end of this year. The center is invested in the form of calling for social mobilization. The investor is the unit that directly builds, manages and operates the center.

In addition, the Department of Industry and Trade has also cooperated with the districts to review the list, the status of the business of chemicals and flavors in the area. In the immediate future, this unit plans to relocate establishments in some districts such as districts 5, 10, 11 …

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