On May 15, the National Assembly’s Standing Committee continued its 33rd meeting, giving opinions on the Government’s report on thrift practice and anti-wastefulness in 2023.
According to the review report of the National Assembly’s Finance and Budget Committee, although positive results have been achieved, the practice of thrift and anti-wastefulness still reveals limitations and shortcomings, and wastefulness is a risk leading to corruption and negativity.
 Vu Hong Thanh, Chairman of the Economic Committee, expressed concern about the situation of money being “buried” in real estate. Photo: Quochoi.vn |
Le Quang Manh, Chairman of the Finance and Budget Committee, pointed out the inconsistencies and contradictions in the legal system and the inconsistent implementation by some localities, which have caused difficulties, bottlenecks, and wastefulness in implementing investment projects. Many projects have had to stop construction due to legal procedures, and enterprises face challenges in accessing credit and corporate bond capital.
In addition, there are still violations in the management and use of land, mineral, forest, and water resources. There is also a waste of land resources in projects due to delays in putting land to use, leaving it fallow, and in the case of agricultural and forestry land.
The reviewing agency stated that currently, there are still 404 out of 908 projects and works that have not put land to use or have slow land use, with an area of 18,308 out of 28,155 hectares, which have not been handled.
According to Mr. Le Quang Manh, there is still wastefulness in the implementation of real estate investment projects. The cause, according to the reviewing agency, is legal entanglements in project implementation, including regulations on land pricing methods, land use planning, coordination in site clearance, compensation, resettlement, and land revocation.
At the same time, enterprises face difficulties in capital mobilization, leading to the need to slow down or stop the implementation of many projects. There are also challenges in liquidity and cash flow, especially with the pressure of bond maturities and repayments in the last months of 2023.
Sharing the same concern, Vu Hong Thanh, Chairman of the Economic Committee, emphasized the existence of delayed projects, particularly due to land retrieval and site clearance issues. Additionally, some nationally important projects are facing delays due to material shortages.
Minh Chien
