The Construction Ministry has ordered a total revision of construction master plans across the country to ensure better coordinated planning.
Construction master plans have been made and approved for about 98 percent of Vietnam but their implementation has revealed numerous weaknesses, said Construction Minister Nguyen Hong Quan
A ministerial document sent to people's committees identifies a breakdown between construction master plans and local development goals, he said.
"Many investment projects were based only on industry planning and not construction planning," explained the minister.
The result was many disparities and heavy economic losses.
Some industrial zones and new urban precincts added to already approved masterplan transgressed provincial transport, electricity, water and environment infrastructure, he said.
"The major reason for this is the shortage of clear regulations for coordination between master plans," said the minister.
Socio-economic development planning is intangible but construction planning that links tangible space with specific sizes is a tool to maintain urban development.
The ministry document sent to the people's committees requires construction planning to now include urban and rural residential systems, industrial zones, tourism sites and infrastructure that accords with local socio-economic development.
Cushman & Wakefield , Vietnam ’s general manager Andrew Peak said it is important that master plans include such infrastructure provisions as land for public transport.
He also agreed with the Construction Ministry's House Management and Real Estate Market deputy director Vu Xuan Thien that any changes in construction planning could affect real estate markets.
"Any changes in plans will have an impact on land values and building values," said the Cushman&Wake-field representative.
For example, Hanoi 's Cau Giay district has many on-going development projects because of plans to transfer some Government offices.
But the situation might be different if there were changes to the master plans, he said.
But Century Real Estate Joint-stock Company deputy general director Pham Thanh Hung said the revision of construction master plans would make little difference to the real estate market unless it was for places undergoing massive changes, such as Ha Tay which had been merged with Hanoi./.
Construction master plans have been made and approved for about 98 percent of Vietnam but their implementation has revealed numerous weaknesses, said Construction Minister Nguyen Hong Quan
A ministerial document sent to people's committees identifies a breakdown between construction master plans and local development goals, he said.
"Many investment projects were based only on industry planning and not construction planning," explained the minister.
The result was many disparities and heavy economic losses.
Some industrial zones and new urban precincts added to already approved masterplan transgressed provincial transport, electricity, water and environment infrastructure, he said.
"The major reason for this is the shortage of clear regulations for coordination between master plans," said the minister.
Socio-economic development planning is intangible but construction planning that links tangible space with specific sizes is a tool to maintain urban development.
The ministry document sent to the people's committees requires construction planning to now include urban and rural residential systems, industrial zones, tourism sites and infrastructure that accords with local socio-economic development.
Cushman & Wakefield , Vietnam ’s general manager Andrew Peak said it is important that master plans include such infrastructure provisions as land for public transport.
He also agreed with the Construction Ministry's House Management and Real Estate Market deputy director Vu Xuan Thien that any changes in construction planning could affect real estate markets.
"Any changes in plans will have an impact on land values and building values," said the Cushman&Wake-field representative.
For example, Hanoi 's Cau Giay district has many on-going development projects because of plans to transfer some Government offices.
But the situation might be different if there were changes to the master plans, he said.
But Century Real Estate Joint-stock Company deputy general director Pham Thanh Hung said the revision of construction master plans would make little difference to the real estate market unless it was for places undergoing massive changes, such as Ha Tay which had been merged with Hanoi./.
