Ông Nguyễn Thanh Nhàn, Phó Giám đốc

Mr. Nguyen Thanh Nhan, Deputy Director of the Department of natural resources and environment TPHCM said the company's operation period specified in the licence is only the legally binding time limit for the company's operation venture, entirely without prejudice to the rights of people to buy houses and land use right transfer. Active duration license of PMH is 50, but the right to use customer's stable, long term. Because, as defined in the investment license for the ENTIRE joint venture company (headed by the Prime Minister for approval), Vietnam partners in the venture are the company developed Tan Thuan 600ha hired experienced land within 50 years to get capital into the venture. The ENTIRE company is allowed to invest, to build and operate the infrastructure, civil works such as housing sales and transfer of land use right for those in need. In decision No 112/2002/QD-UB December 8 — 10-2002 and 4156/UB-DT on October 28 — 11-2002 of HO CHI MINH CITY issued addendum some procedure for lease, selling houses and land use in the PMH also stipulated clearly: to make transfer of land use right, HO CHI MINH CITY PEOPLE'S COMMITTEE will perform the corresponding rental land company's Tan Thuan industrial development, and handed back land to the assignee in accordance with the law of the land. So, after the procedure of house purchase, the land under the pledge in the agreement between buyer with PMH done and contracts be notarized (for buying) the HOCHIMINH will revoke land that PMH is managing to deliver and certificate of land tenure stability, long for home buyers as well as the assignee of the ENTIRE urban land as prescribed by applicable law.

Nguyen Thanh Nhan, deputy director of the Department of Natural Resources and Environment City said: The duration of operation of the company specified in the license is binding only on the duration of operation of the joint venture, absolutely no photos affect the interests of buyers and transfer of land use rights. Permit the operation of a term of 50 years but PMH use rights of customers is stable, long-term. Because, as stipulated in the investment license for establishment of a joint venture PMH (by the Prime Minister for approval), Vietnam partners in the joint venture company is an elite Tan Thuan Development of 600ha of land leased during 50 years to make capital contributions to the joint venture. Company PMH allowed to invest, build business and infrastructure, civil works such as housing sale and transfer of land use rights for people in need. In Decision No. 112/2002 / QD-UB dated 8 -10 -2002 and Official Letter No. 4156 / UB-28 -11 -2002 Training of HCMC People's Committee issued annex some procedures in rent, sale and land use rights in the PMH also specifies: To implement the land use right transfer, HCM City will implement procedures for land acquisition respective lease company, Tan Thuan Industrial Development, and the re-allocation to the transferee in accordance with the provisions of the Land Law. So after the purchase procedure, as committed in the land contract between the buyer PMH done and notarized contract (for the case of purchase), the MPC will withdraw land that PMH manages to communicate and certificates of land use rights stable, lasting for home buyers as well as the transfer of land in the new urban area PMH accordance with current law.