Vietnamese firm seeks withdrawal after winning Thu Thiem land auction at over $1bn
Tan Hoang Minh Group will lose the deposit of nearly $26.4 million if it unilaterally terminates the contract
Tan Hoang Minh Group will lose the deposit of nearly $26.4 million if it unilaterally terminates the contract
She introduced herself as a wealthy Viet Kieu to earn trust from her victims
Many investors have lowered the prices of their land plots but are still unable to sell them
Chinese people are using more than 162,000 hectares of land in Vietnam, of which 6,300 hectares are in border and coastal areas
Four other former officials were also given jail terms for their roles in the case
‘It is all for the greater good’
Authorities were unable to convince the locals and were forced to impose administrative fines
Many signs of violations in the transfer of land to La Vong Group have been exposed by local media
Vietnam requires a bidding process be organized when it comes to leasing public land to select the most suitable and competent investors
Phu An Company transferred over 27 hectares of land at the Happyland entertainment complex project in March