Households in B6 area, Quang Trung ward receive support money from Vingroup Corporation

On the afternoon of June 5, representatives of Vingroup Corporation coordinated with the People's Committee of Vinh City and Quang Trung Ward to pay the third round of land clearance support money to households in area B6 Quang Trung.

Households in B6 Quang Trung area were excited to receive compensation for land acquisition. Photo: Quang An

60 households in B6 Quang Trung area were paid a total of 1 billion 995 million VND. This includes 3 support payments: 6-month housing rental, moving and handing over the premises on time.

Ms. Luong Thi Khoi, house number 323, B6 Quang Trung area said: After receiving the support money, I will first rent a room to stabilize my life and wait for the new apartment complex to be completed before returning.

After receiving the money, households must sign the site handover minutes. Photo: Quang An

According to the reporter's observation, the payment process took place smoothly, orderly, transparently, and all households were satisfied when receiving the timely support money.

Previously, the investor paid compensation for site clearance for area B1 with 40 households, amount of 1 billion 335 million VND and area B2 with 80 households, amount of 2 billion 668 million VND.

On June 6 and 7, the investor will continue to pay the remaining households in buildings B4 and B5.

The apartment buildings in Quang Trung B area have seriously degraded. Photo: Archive

Quang Trung B Area is one of the old apartment buildings in Quang Trung Ward, supported by the German Democratic Republic to build Vinh City since 1976, with a total of 421 apartments and 1,684 people. It is now degraded, posing many potential dangers to residents.

Vingroup Corporation is the investor that has been selected to implement the Quang Trung B area renovation project to create a new, more spacious and modern look for Vinh city. Currently, Vinh city is focusing on clearing the land to hand over to the investor before June 30, 2019.