The Ho Chi Minh City administration has ordered a company to cease sub-letting land earmarked for garment and textile activities.
The municipal People's Committee required Son Tung Company to withdraw more than 9,700 square meters of land which has been used by Tan Thanh Company as a container truck packing lot.
The committee asked the city's inspectorate to consider penalizing, Son Tung Company for transferring the land-use rights of more than 17,500 square meters to Hoang Phi Quan Company in 2006.
Vietnam does not technically allow land ownership but grants land-use, rights, which confer the same rights as freehold property.
In June 2006, the city's Department of Natural Resources and Environment signed a contract to lease a 48,700 square meter area in Thu Duc District's Linh Trung Ward to Son Tung for 50 years for the purpose of building garment and textile workshops and production facilities.
But the company used only about 10,000 square meters of land and divided the remainder into many lots which it leased or transferred to other entrepreneurs for billions of dong.
The municipal People's Committee required Son Tung Company to withdraw more than 9,700 square meters of land which has been used by Tan Thanh Company as a container truck packing lot.
The committee asked the city's inspectorate to consider penalizing, Son Tung Company for transferring the land-use rights of more than 17,500 square meters to Hoang Phi Quan Company in 2006.
Vietnam does not technically allow land ownership but grants land-use, rights, which confer the same rights as freehold property.
In June 2006, the city's Department of Natural Resources and Environment signed a contract to lease a 48,700 square meter area in Thu Duc District's Linh Trung Ward to Son Tung for 50 years for the purpose of building garment and textile workshops and production facilities.
But the company used only about 10,000 square meters of land and divided the remainder into many lots which it leased or transferred to other entrepreneurs for billions of dong.
Source: Thanhnien News
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