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Foreign firms not allowed to join social housing project in Vietnam’s Cam Ranh

Foreign firms not allowed to join social housing project in Vietnam’s Cam Ranh

Wednesday, September 27, 2023, 19:05 GMT+7
Foreign firms not allowed to join social housing project in Vietnam’s Cam Ranh
An artist’s impression of the social housing project in Cam Nghia Ward, Cam Ranh City, Khanh Hoa Province, south-central Vietnam

The national government has required the administration of Khanh Hoa Province in south-central Vietnam not to join hands with foreign partners, including overseas Vietnamese people, during the execution of a social housing project in Cam Nghia Ward, Cam Ranh City.

Deputy Prime Minister Tran Hong Ha made the requirement following a proposal by the Ministry of National Defense.

The Khanh Hoa authorities have green-lighted Cam Ranh Salt JSC to convert over 87.6 hectares of salt fields for a social and commercial housing project.

The fields are part of the 124 hectares of land that Cam Ranh Salt JSC has leased from the Khanh Hoa authorities. The land lease contract will expire in August 2026.

Of the total area, the housing area will measure 30.1 hectares with 20 percent being used for the development of commercial houses and villas for sale.

The remaining 24.5 hectares will accommodate social houses.

In addition, the company can use over 3.33 hectares to make room for trade and service activities.

The project is expected to accommodate some 20,250 people and requires an estimated investment of nearly VND3.8 trillion (US$156.6 million).

Deputy PM Ha concluded that the project was subject to the government’s decree on the management of people and vehicles in maritime border areas of Vietnam and the prime minister’s decision on ensuring the security and safety of the Cam Ranh military base.

In a document on comments on the project sent to the Khanh Hoa People’s Committee in September last year, the Ministry of National Defense required the province to coordinate with military units in the province to strictly comply with the 2003 Law on National Borders and regulations on the management of people and vehicles within the country’s waters and the protection of Vietnam’s airspace.

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Thanh Ha - Phan Song Ngan / Tuoi Tre News

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