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Based on the Notice of termination of investment project activities for the investment project to exploit sand as leveling material dated February 22, 2024 and [...]

Based on the Notice of termination of investment project activities for the Investment Project of exploiting sand as leveling material dated February 22, 2024 and Decision No. 01/2024/QD-HDCD dated February 22, 2024 of the General Meeting of Shareholders of Sao Do Investment Group Joint Stock Company (formerly known as Nam Dinh Vu Investment Joint Stock Company), the Department of Finance issued Notice No. 69/TB-KHDT dated March 25, 2024 on terminating the operation of the investment project to exploit sand as leveling material in which Sao Do Investment Group Joint Stock Company (formerly known as Nam Dinh Vu Investment Joint Stock Company) is the Investor (pursuant to the provisions in Point a, Clause 1, Article 48 of the Investment Law and Clause 1, Point a, Clause 2, Article 57 of Decree No. 31/2021/ND-CP dated March 26, 2021 of the Government detailing and guiding the implementation of a number of articles of the Investment Law).
The investment project of exploiting sand as leveling material was granted investment certificate No. 02121000422 by the People's Committee of Hai Phong city on November 27, 2012. The project is implemented in the southeast of Nam Trieu estuary (southwest of Lach Huyen estuary), Cat Hai district, Hai Phong city with the goal of exploiting sand as leveling material for projects in Hai Phong city. Mining capacity: 350,000 m3 of raw sand/year.
Hai Phong City Department of Finance respectfully informs relevant organizations and individuals. Sao Do Investment Group Joint Stock Company is responsible for liquidating the Project according to legal regulations./.