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THE GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No:
891/QD-TTg
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Hanoi, September 20, 1999
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DECISION
ON THE INVESTMENT PROJECT OF SAIGON RIVER
BANK TOURIST AND ENTERTAINMENT RESIDENTIAL QUARTER IN HO CHI MINH CITY
THE PRIME MINISTER
Pursuant to the Law on Organization of the
Government of September 30, 1992;
Pursuant to the Government’s Decree No. 52/CP of July 8,
1999 promulgating the Regulation on Investment and Construction Management;
Considering the proposal of the People’s Committee
of Ho Chi Minh City (in Official Dispatches No. 1798/CV-UB-QLDA of May 14,
1999, No. 3388/CV-UB-QLDA of August 18, 1999) and the evaluation opinions of
the Ministry of Planning and Investment (in Official Dispatch No. 5621 BKH/VPTD
of August 26, 1999) concerning the investment project of Saigon River Bank
Tourist and Entertainment Residential Quarter in Ho Chi Minh City,
DECIDES:
Article 1.- To approve the investment project of Saigon
River Bank Tourist and Entertainment Residential Quarter, Ho Chi Minh City,
with the following main contents:
1. Project’s name: The
investment project of Saigon River Bank Tourist and Entertainment Residential
Quarter in Ho Chi Minh City.
2. Investment objectives: To make investment in
building an urban complex comprised of diversified residential houses, public
utilities, a trade center, and service facilities in order to meet the people’s
demand and to contribute to creating the Saigon River landscape and completing
the urban development according to the Ho Chi Minh City’s master
plan.
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4. Construction site and land occupancy area:
The construction site will be in Ward 25, Binh
Thuan district, Ho Chi Minh City.
Land occupancy area: The land area under
construction will be 21 hectares.
The specific boundary and location shall be
determined by the Ho Chi Minh City People’s Committee
in line with the detailed zoning of the area.
5. Project scope:
- Residential villas: 194 foundations;
- High-class condominium: 212 apartments,
12-storey, a floor area of 21,600 m2;
- Adjacent houses: 56 foundations;
- Condominium: 318 apartments, 6-storey, a floor
area of 32,652 m2;
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- Crech and kindergarten: 2-storey, a floor area
of 1,512 m2;
- A general education school: 3-storey, a floor
area of 4, 166 m2;
- Technical infrastructure system: intra-complex
path, electricity supply, water supply, drainage system within the project area
shall be in harmony with the residential houses and closely linked to the
public system;
- The trade service center: 15-storey, a
construction area of 2,500 m2, a floor area of 37,000 m2;
- The high-rise office building with high-class
apartments: 30-storey, a construction area of 2,500 m2;
- The high-class hotel area: a 15-storey block,
a 25-storey block, a 30-storey block, a construction area of 2,500 m2.
6. Implementation management: The investor shall
be responsible for the technical infrastructure and the right to transfer the
use of land with infrastructure; the residents shall build their houses on
their own according to the overall planning; the construction of the high-class
condominium, the 6-storey condominium, the crech and kindergarten, the school,
the entertainment club, and tree planting shall be effected through joint
ventures or sub-investors who shall be called for to invest in constructing the
hotel, office building and trade center.
Investment plans for such construction items as
the trade center, the office building, high-class condominium, and the hotel
shall be drawn up, submitted and decided according to regulations currently
effective at the time of investment.
7. Project implementation duration: 5 years.
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- Total investment, excluding investment in
building the trade center, hotel, office building, and high-class condominium,
shall be approximately 252,790 million VND (two hundred and fifty two billion
seven hundred ninety million VND)
- Capital sources: as proposed by the Ho Chi
Minh City People’s Committee:
+ Investor’s own
capital;
+ Capital of units which shall jointly operate
the project;
+ Capital advanced by clients and constructors;
+ Bank loans.
9. Mode of organizing the implementation of
investment: according to current regulations.
Article 2.-
1. The president of the Ho Chi Minh City People’s
Committee shall be responsible for guiding the investor to observe the State’s
regulations in the course of investment, management and commercial operation of
the project.
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Article 3.- The ministers of: Planning and
Investment; Construction; Finance; and Science, Technology and Environment, the
State Bank Governor, the General Director of Land Administration, the president
of the Ho Chi Minh City People’s Committee and the manager of the Binh
Thanh District Housing Management and Development Company under the Saigon Real
Estate Company shall have to implement this Decision.
FOR THE PRIME MINISTER
DEPUTY PRIME MINISTER
Ngo Xuan Loc