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24 hour real estate: Long Duc resettlement area land recovered nearly 27 hectares

Dong Nai reclaimed 27 hectares of land to build the first resettlement area of the Bien Hoa - Vung Tau expressway project; Day Giay – Tan Phu Expressway nearly 9,000 billion VND; The current status of the "most polluted" canal is about to be renovated for nearly 10,000 billion VND by Ho Chi Minh City... is notable information in 24 hours.

Current status of the "most polluted" canal about to be renovated for nearly 10,000 billion VND by Ho Chi Minh City

Xuyen Tam Canal has a total length of nearly 9km. It runs through two districts of Binh Thanh and Go Vap and is one of the most polluted canals in Ho Chi Minh City. , Ho Chi Minh City will spend nearly 10,000 billion VND on renovations to "clean" this canal in the period from 2024 - 2028.

Although it is a canal running through the central area of the city. Xuyen Tam is also famous as one of the most heavily polluted canals in the area. By early October 2023, Ho Chi Minh City People's Committee approved the renovation of this canal with a total investment of 9,664 billion VND. Site clearance costs accounted for 6,339 billion VND.

Why do thousands of real estate properties offer "bargain" prices but are still... unsold?

Currently, the total value of real estate mortgaged at banks accounts for about 70% of total assets securing loans. At many banks, this ratio is even up to 80-90% and is many times larger than the total loan balance. Therefore, real estate is often the asset that financial institutions liquidate the most when customers cannot repay their debts.

Recently, production, business, trade, and service activities have encountered difficulties. It negatively impacts customers' ability to repay debt.

According to Mr. Nguyen Van Dinh, Chairman of the Vietnam Association of Real Estate Brokers (VARS), banks are having to "aggressively" announce an increasing list of real estate properties. That is collateral for customer loans that need to be processed to recover debt worth tens of thousands of billions of dong. Most of these are resort real estate projects and 4-5 star hotels in many provinces and cities such as Hanoi, Da Nang, Hai Duong, Quang Nam, Khanh Hoa, Kien Giang, etc. Objective factors have not overcome the consequences of the period of social distancing but are now affected by the difficult economy.

Day Giay - Tan Phu Expressway is invested nearly 9,000 billion VND

Deputy Prime Minister Tran Hong Ha has just signed the Decision to establish an Interdisciplinary Appraisal Council. The purpose is to appraise the Feasibility Study Report of the Dau Giay - Tan Phu Expressway construction investment project (phase 1) according to the public-private partnership method. The Chairman of the Council is the Minister of Planning and Investment. The Deputy Minister of Planning and Investment is the Vice Chairman of the Council.

The Dau Giay - Tan Phu expressway project has a total expressway length of about 60.24 km, passing through the districts of Thong Nhat, Xuan Loc, Dinh Quan, Tan Phu, Dong Nai province. The project's starting point (Km0) intersects with National Highway 1 at about Km1829+500. It coincides with the end of the Ho Chi Minh City - Long Thanh - Dau Giay expressway, located in Dau Giay town, Thong Nhat district, Dong Nai province. The endpoint (Km60+243.83) is 200m past the intersection with National Highway 20 (Km69+400 - National Highway 20). It is located in Phu Trung commune, Tan Phu district, Dong Nai province.

Dong Nai reclaims 27 hectares of resettlement land from the Bien Hoa - Vung Tau expressway project

Dong Nai Provincial People's Committee has just decided to recover land owned by Dong Nai Rubber Corporation Limited Company in Long Duc commune, Long Thanh district (Dong Nai). The goal is to implement the Long Duc resettlement area project. This is the first resettlement area to start serving displaced people under the Bien Hoa - Vung Tau expressway project. The remaining three resettlement areas on this expressway have not yet been implemented.

According to the decision of the People's Committee of Dong Nai province, the land area that will be recovered is nearly 27 hectares, part of cadastral map number 5, Long Duc commune, Long Thanh district. When completed, Long Duc resettlement area will accommodate nearly 3,400 people, equivalent to about 843 households. The Bien Hoa - Vung Tau expressway project will start construction in June 2023 with a total route length of 53.7km. It passes through the two provinces of Dong Nai and Ba Ria - Vung Tau. The section passing through Dong Nai province is more than 34km long, and Ba Ria-Vung Tau is 19.7km.