Masterise Homes, Marriott International partner to bring world’s largest branded residences to Vietnam
duonghanhnguyen 8-01-2021, 19:31

The Saigon Times

Masterise Homes, Marriott International partner to bring world’s largest branded residences to Vietnam
The 34-36-42 Chu Manh Trinh Street land lot – PHOTO: CAND.COM.VN

HCMC – After receiving over 6,200 square meters of land from the State, the Vietnam Southern Food Corporation (Vinafood 2) colluded with Viet Han Group to illegally transform public land into private land, the Government Inspectorate has announced.

According to the Government Inspectorate, Vinafood 2 went against the prime minister’s directions four times while colluding with the private investor to turn the public land lots at 33 Nguyen Du Street and 34-36-42 Chu Manh Trinh Street, Ben Nghe Ward, District 1, HCMC, into private land.

Moreover, Vinafood 2 and Viet Han Group used the land use right certificates and related properties to wrongfully borrow trillions of dong from banks since 2010.

The Government Inspectorate suggested the prime minister assign the HCMC People’s Committee to directly monitor the handling of wrongdoings, sanctioning of related individuals and organizations and deciding of consequences to retrieve the State’s assets. 

The Government Inspectorate also suggested the prime minister assign the State Bank of Vietnam to inspect all loans related to the land use right certificates and other properties of the land lots at 33 Nguyen Du Street and 34-36-42 Chu Manh Trinh Street.

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