HCM City to revoke long-delayed projects

HCM City authorities are planning to revoke “long-delayed or projects that are no longer feasible” that have affected thousands of home owners who have been asked to move to make way for these projects.
HCM City to revoke long-delayed projects ảnh 1A view of the Binh Quoi-Thanh Da urban area project, which has been delayed for years, affecting more than 4,000 households.

HCMCity (VNS/VNA) - HCM City authorities are planning to revoke“long-delayed or projects that are no longer feasible” that have affectedthousands of home owners who have been asked to move to make way forthese projects.    

Speaking at a recent meeting, Vo Van Hoan, vice chairman of the city People’sCommittee, said that he had urged the Department of Planning andArchitecture to instruct district authorities to review the feasibility ofprojects that have been delayed for years.

“The city will review all projects behind schedule, assess the capability ofinvestors, and take back land allocated to the projects, if necessary,” henoted.

Hoan has also asked the Department of Planning and Investment to chooseinvestors with solid financial capacity and experience in implementing majorprojects that will be allowed to continue.

The projects must include criteria for choosing an investor, including theamount of deposit needed for site clearance compensation and guaranteesfrom credit institutions.

Hoan asked that the Department of Construction consider giving licences fortemporary repair of homes affected by the delayed projects.

He also ordered the department to consider giving licences for construction oflow-rise housing on these areas. 

When residents are relocated to make way for projects, they mustbe compensated for the house in addition to the land, under regulations,according to him.

The city government has also asked project investors to cooperate withagencies that oversee any violation of the law, including tax obligations.

Inaddition, all district authorities must enhance oversight of illegalsplitting of land plots and transfer of land-use purposes in the districts.

As part of urban planning, eachdistrict every five years proposes plans or adjustments to projects in theirareas.

A number of districts in thecity most affected by urban planning, including Binh Thanh district, District10 and Thu Duc, Tan Binh and Tan Phu districts, have urged the city toagree to adjust many of their original plans.  

The districts’ original plans included construction of new roads, widening ofexisting roads, and demolishing of houses to make way for parks and otherpublic facilities.

With such long delays, caused mostly by a lack of city funds, all districtshave asked the city to abolish or adjust the plans, a few of which go back asearly as 1980. 

The city has agreed to all of the districts’ proposals to either abolish oradjust the original plans, and plans to offer favourable policies to residentswho have been affected.

Because of the costs and low profits of such projects, districts have notbeen able to call for investment for some of the projects andhave proposed abolishing the original plans.   

According to statistics of the Department of Planning and Architecture, thereare more than 14,000ha of land under these proposed areas called “mixedland” and “new residential land”. 

The city People’s Committee has identified around 600 projects with licencesthat should be revoked because of delayed implementation.

Of the more than 2,800 licenced projects, the city is considering revoking 180licences.

The main cause of the delayed projects is lack of agreement between houseowners and investors on the compensation price, according to experts./.  
VNA

See more

Can Tho leaders and Bestway Group executives perform the symbolic launch ceremony for the new project. (Photo: VNA)

Bestway International launches 300 million USD plant in Can Tho city

Once operational, the plant is projected to create over 5,000 direct jobs and generate approximately 500 million USD in annual revenue, primarily through exports. The project is expected to significantly enhance regional employment and economic growth, contributing to Can Tho’s development and the broader Mekong Delta region.

Tra fish processed for export in Dong Thap province (Photo: VNA)

World Bank forecasts Vietnam's GDP growth at 5.8% in 2025

As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.

Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien (Photo: VNA)

US calls tariff talks with Vietnam productive

US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.

The working delegation from the Party Central Committee's Commission for Information, Education and Mass Mobilisation inspects the resettlement area for residents affected by the Ninh Thuan 1 Nuclear Power Plant project. (Photo: VNA)

Ninh Thuan asked to gain public support for nuclear power plant project

Pham Van Hau, Permanent Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, stated that recognising the importance of the project, the province has developed specific plans and a roadmap for its implementation. This includes focusing on effective communication efforts to gain high consensus among officials, Party members, and people.

Representatives from companies receive certificates of trademark rights at the launch of the "Green and Low-Emission Vietnam Rice" trademark. (Photo: nld.com.vn)

"Green and Low-Emission Vietnam Rice" trademark launched

VIETRISA Chairman Bui Ba Bong said that the launch is a strategic turning point in building the Vietnamese rice brand, aiming for the premium markets with strict carbon emission standards. The new rice trademark represents a commitment to environmental and social responsibility, not just a commercial label.

The Vietnam Pavilion at EXPO 2025 Osaka-Kansai. (Photo: VNA)

Vietnam pavilion opens to visitors at EXPO 2025 Osaka-Kansai

Spanning 300sqm, the pavilion showcases Vietnam’s history, culture, and innovation through modern exhibition technologies including holograms, VR, and digital mapping. Designed as a cultural gateway, it tells the story of a dynamic, inclusive, and sustainable Vietnam rooted in strong human values.

Overview of the meeting (Photo: PVdrilling.com)

Domestic oil rig demand set to soar with new projects

The PV Drilling 8 rig, newly acquired in 2024, is slated to commence operations in Vietnam by September, while PV Drilling 6 will return from overseas to serve a contract at Block B – Phu Quoc in mid-2027, positioning the company for stronger revenue growth.

The Vietnam Connect Forum 2025 takes place in Hanoi on April 23. (Photo: VnEconomy)

Vietnam remains attractive destination for foreign enterprises: forum

Over nearly four decades of Doi moi, Vietnam remains consistent in encouraging foreign investment. It has continued to create an optimal investment environment by improving its legal framework, enhancing administrative reforms, and developing infrastructure and human resources.

Checking the operation of 110kV power projects in the Central Highlands provinces. (Photo: VNA)

PM urges drastic measures to ensure power supply for peak period

It noted that as ensuring national energy security and sufficient electricity supply is one of the fundamental and decisive factors for the successful implementation of the country’s socio-economic growth targets, the Government and the Prime Minister have proactively and decisively directed relevant tasks and solutions early and from afar to ensure adequate power supply.