The Ho Chi Minh City People’s Committee has recently reported to the Ministry of Construction on the progress of resolving legal issues related to 64 real estate projects in the city.
Specifically, since the end of 2023, the Ho Chi Minh City People’s Committee has held several meetings with the Prime Minister’s task force to review and provide guidance on addressing legal difficulties faced by 64 real estate projects referred by the aforementioned task force.
According to the operating regulations, the Ho Chi Minh City task force on resolving difficulties for investment projects in the city (Ho Chi Minh City task force), the Department of Planning and Investment is responsible for periodically consolidating and proposing solutions to issues within the competence of the Chairman of the Ho Chi Minh City People’s Committee.
In addition to its primary task, the People’s Committee agreed to continue assigning the Department of Planning and Investment to take the lead in consolidating and proposing solutions for the 64 real estate projects referred by the Prime Minister’s task force.
The Metropole Thu Thiem, one of the five projects in Ho Chi Minh City that have been completely unblocked legally. Photo: S.K |
According to Mr. Bui Xuan Cuong, Vice Chairman of the Ho Chi Minh City People’s Committee, the city’s task force has been reviewing investment projects that are slow to implement due to legal complications, aiming to provide solutions and prevent land resource wastage.
Additionally, the task force regularly identifies inconsistencies, overlaps, and contradictions in legal provisions to facilitate a comprehensive resolution for the projects.
Since its establishment in May 2023, the Ho Chi Minh City task force has held nine meetings and issued 15 notices of conclusion, addressing 30 real estate projects. Specifically, in the second quarter of 2024, the task force convened one meeting.
Out of the 30 real estate projects, five have been completely resolved, while the remaining 25 are being handled by the departments and sectors within their respective competencies.
The five unblocked projects include: The Metropole Thu Thiem by Quoc Loc Phat Joint Stock Company; social housing project by VTHouse Joint Stock Company and Tam Giao Joint Stock Company; project by Suntory Pepsico Vietnam Beverage Company Limited; Metro Star commercial and residential area in Thu Duc City by Metro Star Investment Joint Stock Company; and Celadon City by Gamuda Land Joint Stock Company.
Anh Phuong – Ho Van
