Pressure put on slack developers

VietNamNet Bridge – Construction projects that have stopped work may be adjusted or cancelled, according to a new order released by Ha Noi People’s Committee. The order, signed by the city head, Nguyen Duc Chung, touches upon land planning and management as well as construction-project evaluation and adjustment based on a Prime Ministerial directive on the land-information system. Chung asked the city’s Department of Natural Resources and Environment to co-ordinate with other departments, districts and towns to complete land-use planning by 2020. He said an assessment on halted construction projects would be made to the city People’s Committee by the end of April. He called for administrative procedures on land-related transactions to be simplified and transparent to remove obstructions. Chung also asked the departments of finance, natural resources and construction to tighten price appraisals and strictly conduct land and house auctions to prevent budget deficits and corruption. The order aims to address long halted construction projects. Several investors have refused to continue building and tried to readjust the use of the space for such things as carparks, Tien Phong (Vanguard) Newspaper reports.   Thinh Liet Urban Area in Hoang Mai District, for example, had its 35ha area acquired by Ha Noi People’s Committee in 2004, which then assigned the space to Licogi Company as the main investor. However, after 14 years, the project is still stalemated. Meanwhile, the area is being hired to set up car parks, facilities and concrete mixing plants. The similar phenomenon even happens to hospital construction projects…. [Read full story]


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