'Permit' land for movie theaters and high-end hotels



Khanh Hoa movie center has now become a group of high-class hotels and cinemas in the heart of Nha Trang city. (Photo: Khai An)

The movie center is a luxury hotel

Recently, many Nha Trang people often talked about the former state cinema located at 10 Hoang Hoa Tham - Nha Trang City - just 300 meters away from Tran Phu Street became a cluster of hotels and high-class movie called Sao Viet Cinema Center and Cultural Service (Sao Viet project).

The Sao Viet project is located on the land of the Khanh Hoa Cinema Center (DAKH) under the Department of Culture and Sports, formerly the cinema of Nha Trang City.

The project was launched in April 2018 with many items such as cinemas, hotels and services. On website saovietnhatranghotel.com introduced the accommodation system of Sao Viet project has 168 rooms with 4 star standard and the lowest room price is 2,500,000 VND / day, the highest is 7,500,000 VND / day.

For the project in operation, the Dak Lak Center has joint venture with Tan Thinh Phat Co., Ltd. (Tan Thinh Phat Company) to invest in Sao Viet project with legal entity named Sao Viet.

Preparing for the joint venture, the Department of Finance has checked and valuated the remaining assets in the theater at 10 Hoang Hoa Tham nearly 6.1 billion. This is also the capital contribution of Dak Lak Center in the Sao Viet project.

Sao Việt project has been granted the investment certificate by the People's Committee of Khanh Hoa Province since June 2013, allowing Sao Viet Cinema and Cultural Service Company Limited (Sao Viet Company) to be the investor with the total 120 billion.

The functions of the project include the hotel to meet the needs of residents of culture, sports, tourism and tourists; entertainment centers to meet the needs of workers' spiritual life is karaoke, restaurant wedding party; cultural center of performing arts, film screening with modern technology. Land lease term of 50 years.

From the land of Dakao Center has now become a luxury hotel cluster. (Photo: Khai An)

The "privileges" in terms of paperwork

Since 2014, the investor has been licensed to build the project on an area of ​​992.2 m2 with 12 floors + 1 basement, floor area over 7,500 m2, building density of over 72%.

After issuing the Investment Certificate, on October 9, 2014, the People's Committee of Khanh Hoa Province informed the Chairman of the Provincial People's Committee Nguyen Chien Thang that the Dak Lak Center did not contribute capital to the investment. Joint venture with Tan Thinh Phat Company.

Therefore, Tan Thinh Phat Company is responsible for paying the remaining amount of the remaining asset value is nearly 6.1 billion to the state budget.

By November 2015, the People's Committee of Khanh Hoa province officially issued a decision on land recovery of the Dak Lak Center assigned to the project owner Sao Viet lease 50 years.
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One-off payment form. Thus, it can be said, Sao Viet project has become a project by Tan Thinh Phat company as the investor that legal entity implemented the project is Sao Viet Company.

After building the foundation, in 2016, Ms. Hoang Le Hoa, General Director of Sao Viet Company has written permission and Khanh Hoa People's Committee agreed to lease 96.6 m2 at 22 Tran Van On It expanded the project area to 1,088.8 m2.

At the same time, from 12 floors to 14 floors, the construction density increased to over 81%. The floor area also increased to 11,081 m2 (increasing over 3,500 m2).

It is worth mentioning, in the investment certificate, this project is also entitled to incentives under Decree 69 on policies to encourage socialization of activities in the field of education, vocational training, health, environmental sports; Decree 142/2005 on the collection of water surface rents; Decision 33/2011 of Khanh Hoa People's Committee.

In addition, according to the investment certificate of Khanh Hoa People's Committee, the project is based only on the 2005 Investment Law and the guiding decree.

Meanwhile, at this time, a 1,000 sq.m plot of land is a state-run cinema managed by the Dak Lak Center (Department of Culture, Sports and Tourism).

Investment certificate is not based on the Law on management of the use of state property issued in June 2008 and Decree guiding this law, or Land Law, Law on Procurement ...?

We will continue the information.

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