Hospital investor not completed in 10 years suddenly reduces capital

Voters propose re-evaluating project suitability

Lao Dong newspaper has an article "More than 11,000 square meters of land for hospital construction in Long Bien has become a place to grow vegetables and park cars", reflecting that after nearly 10 years of being granted an investment certificate, the Project of the 1,000-year Thang Long Oncology and Cosmetic Surgery Hospital in Long Bien ( Hanoi ) is still on paper.

This project was implemented decades ago and the investor, Hanoi Thousand Years Joint Stock Company, was officially granted an investment certificate by the Hanoi People's Committee on February 19, 2014.

However, after nearly 10 years of being granted an investment certificate, the land of more than 11,000 m2 where the project was planned to be implemented has now become a place for people to grow vegetables and park their vehicles. Lao Dong's records on November 21-22 show that the entire land planned to build the hospital is still tightly fenced with corrugated iron.

Taking advantage of the prime land that has been abandoned for many years, many people around the area have grown vegetables, or used it as a solid covered car park in the area adjacent to Hong Tien Street.

The area adjacent to Tam Anh General Hospital has become a place for people to grow vegetables. Photo: Vinh Hoang

The fact that the prime land of over 11,000 square meters has been left abandoned for many years has raised many questions about the fate and future of the 1,000-year Thang Long Oncology and Cosmetic Surgery Hospital project of Hanoi Thousand Years Joint Stock Company.

Most recently, voters in Long Bien district (Hanoi) continued to report that a project implemented on an area of more than 11,000 square meters is still abandoned.

At the same time, it is recommended that the city review and re-evaluate the suitability of building a hospital at this location; study the plan to change the land use purpose to build an additional high school for Long Bien district.

Investor has 10 employees, suddenly reduces charter capital

According to research, the investor of the 1,000-year Thang Long Oncology and Cosmetic Surgery Hospital project, Hanoi Thousand-year Joint Stock Company, has just adjusted its charter capital down.

Data on the National Business Registration Portal ( Ministry of Planning and Investment ) shows that Hanoi Thousand Years Joint Stock Company was established in September 2007, with its head office located at Room 901c, Red River Sun Building, 23 Phan Chu Trinh, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi City.

As of March 2018, the charter capital of Hanoi Thousand Years Joint Stock Company reached 400 billion VND. Of which, Mr. Pham Huy Thuong (born in 1962) holds 99.75% of the company's capital. Mr. Thuong is also the Chairman of the Board of Directors and General Director of the company.

By September 2021, Hanoi Thousand Years Joint Stock Company increased its charter capital to VND 411 billion. The total number of employees as announced is 10 people. The list of leaders includes Ms. Nguyen Thu Hien, holding the position of Director of External Relations of the Company.

As of September 2021, Hanoi Thousand Years Joint Stock Company has 10 employees. Photo: Screenshot

However, in August 2023, Hanoi Thousand Years Joint Stock Company suddenly reduced its charter capital from VND 411 billion to VND 333 billion. The shareholder structure was not disclosed. Mr. Pham Huy Thuong was introduced as the company's legal representative.

Thus, according to data on the National Business Registration Portal, the number of employees updated at the highest point of Hanoi Thousand Years Joint Stock Company was 10 people.

According to Lao Dong's investigation, Mr. Thuong is also the owner of a series of other enterprises such as Thach Ban Park Joint Stock Company (established in 2014, charter capital updated to July 2022 reached 250 billion VND); Thang Long Thousand Years Joint Stock Company, established in 2019, charter capital of 200 billion VND (in which Hanoi Thousand Years Joint Stock Company holds up to 90% of capital); Senior Software Joint Stock Company, established in 2021, charter capital of 30 billion VND, in which Hanoi Thousand Years Joint Stock Company holds 36.7% of capital.

Assign the Department of Planning and Investment to propose according to regulations.

Regarding the project progress, in the document responding to voters' petitions to review and re-evaluate the suitability of building a hospital on a plot of land of more than 11,000 m2, in mid-October 2023, the Hanoi People's Committee said that by the end of November 2020, the hospital project would complete site clearance and environmental procedures at the project.

As of mid-October 2023, the project has not yet been allocated or leased land, has not yet been implemented, and is still undergoing appraisal of the feasibility study report at the Department of Construction.

Recently, the Hanoi People's Committee assigned the Department of Planning and Investment (DPI) to issue a document requesting investors to review, inspect and report on project implementation; coordinate with the Department of Planning and Investment Inspectorate to inspect and handle in accordance with regulations.

The Hanoi People's Committee also said that the project is currently being implemented according to the schedule in the new investment certificate issued on September 7, 2022, with the expected completion date being the third quarter of 2025. "After receiving the investor's report, the Department of Planning and Investment is responsible for inspecting, evaluating and proposing according to regulations" - Hanoi People's Committee said.

Source