The Ho Chi Minh City Urban Infrastructure Construction Investment Project Management Board (investor) has just sent a document to Thuan An Group Joint Stock Company (Thuan An Group) regarding the implementation of the contract in packages XL-05 and XL-06 of the project to build infrastructure and improve the environment of Tham Luong - Ben Cat - Rach Nuoc Len canal.

Through inspection of the construction site of XL-05, XL-06 packages and the report of the supervising consultant contractor, Thuan An Group has currently stopped construction and the construction site management staff, workers... are not present at the construction site.

In order not to affect the progress of the construction packages and complete the project according to the plan, the investor requested Thuan An Group to issue a document clarifying the possibility of continuing to perform the construction contracts of packages XL-05 and XL-06. In particular, clearly stating the organizational structure of the company, the replacement legal representative... to the Urban Infrastructure Construction Investment Project Management Board before April 25.

After the above time, if the enterprise does not have a written response, the Urban Infrastructure Construction Investment Project Management Board will consider it a case of contract violation.

In the above two packages, Thuan An Group, as a member of the consortium, participated in the construction with a total contract value of about 130 billion VND.

In particular, the XL-05 package (section from Tan Ky - Tan Quy bridge to Bung bridge) is over 3 km long, Thuan An Group is a member of the consortium with 5 other companies. The above enterprise undertakes the construction of traffic roads, technical infrastructure (except for trees, lighting) on ​​the right bank of the canal with about 77.5 billion VND, equivalent to 13.8% of the contract value.

In the XL-06 package (section from Bung bridge to Tham Luong bridge) with a length of 2.8 km, Thuan An Group is also a member of a consortium with 4 other companies. This unit carries out the construction of traffic roads and technical infrastructure (except for trees and lighting) on ​​the right bank, worth more than 53 billion VND, accounting for about 11.7% of the contract.

On April 17, the Management Board of Ho Chi Minh City Urban Infrastructure Construction Investment Project also sent a document to the Vietnam Joint Stock Commercial Bank for Investment and Development - Hai Ba Trung Branch, Hanoi regarding the contract performance guarantee and advance payment guarantee of Thuan An Group in the XL-05 and XL-06 bidding packages.

This bank has issued contract performance guarantees and advance payment guarantees for two bidding packages XL-05 and XL-06 with a total value of nearly VND44.6 billion.

In case Thuan An Group no longer has the capacity to continue performing the above contracts, the Urban Floor Construction Investment Project Management Board requests the Joint Stock Commercial Bank for Investment and Development of Vietnam - Hai Ba Trung Branch, Hanoi to consider giving a written response regarding the confiscation of the contract performance guarantee and the recovery of the advance payment.