(PLO)- The People’s Committee of Phu Yen province decided to revoke and terminate the decisions on the high-class urban area project Phuong Hoang Garden due to improper guidelines from the authorities.
On June 26, a leader of the Phu Yen Economic Zone Management Board confirmed that the People’s Committee of this province had issued a decision to revoke and invalidate three decisions issued by the Provincial People’s Committee for a high-class urban area project. Phoenix Garden in the Southern Economic Zone of Tuy Hoa City.
Three decisions have been revoked and terminated, including decision on investment policy, decision on adjustment of first investment policy, decision on adjustment of second investment policy.
 |
Panorama of the project area of high-class urban area Phuong Hoang Garden. Photo: MINH KHI |
The reason for revocation or invalidation is that the issuance of the above decisions is not in accordance with the provisions of the Law on Investment, the Law on Housing, Decree No. 99/2015 of the Government detailing and guiding the implementation. some articles of the Housing Law.
According to the dossier, the high-class urban area project Phuong Hoang Garden was decided by the Phu Yen Provincial People’s Committee on the investment policy for Investcom Phu Yen Investment Joint Stock Company in December 2016. The project is implemented on an area of 77.6 hectares in the new urban area South of Tuy Hoa city.
At the same time, the People’s Committee of Phu Yen province also decided to allow Investcom Phu Yen Investment Joint Stock Company to implement the project of a luxury resort project of Phuong Hoang Garden in Tuy An district on an area of more than 480 hectares.
 |
Land for implementing the project of high-class urban area Phuong Hoang Garden. Photo: MINH KHI |
By January 2018, Investcom Phu Yen Investment Joint Stock Company was split into two companies, Irbland Real Estate Company Limited, implementing the project of high-class urban area Phuong Hoang garden in Tuy Hoa new urban area and JSC. Investment Fico Phu Yen implements the project of high-class resort Phuong Hoang Garden in Tuy An district.
Previously, the authorities have pointed out many mistakes in the Phu Yen Provincial People’s Committee assigning Investcom Phu Yen Investment Joint Stock Company to implement two large projects without auctioning land use rights. The State Audit has proposed to the People’s Committee of Phu Yen province to revoke decisions related to the high-class urban area project of Phuong Hoang garden.
To date, both projects have not implemented any items. Particularly, the land of the high-class urban area project Phuong Hoang garden became a wasteland, a place to graze cows after Irbland Real Estate Co., Ltd. fenced and surrounded.
TAN LOC