The Da Nang authorities recently decided to revoke 21,337m² land in Ngu Hanh Son District’s My An Ward due to delays in the implementation of a project on it.  In addition, the city’s Land Development Fund was asked to appeal for investment in that land through auctions or bids in accordance with the city’s regulations.

In March 2009, approval was given by the local authorities for the construction of the Cienco 595-Trung Phuong Luxury Apartment and Commercial Services Complex.

The project’s developer was granted an investment licence in June 2009.  The project was scheduled to start in September 2009, and open its doors in September 2012.  So far, the project has yet to begin as required in its investment licence.  In addition, the Trung Phuong Company has not been granted the land use rights.

On 29 January 2010, the municipal People’s Committee Chairman, Mr Van Huu Chien, decided to abolish the issue of land use rights for the joint venture between the Civil Engineering Construction Corporation No 595 (Cienco 595) and the Trung Phuong Company.