Ho Chi Minh City People’s Committee Chairman Phan Van Mai has instructed departments, agencies, and relevant units to focus on resolving obstacles in five challenging projects. These projects include:
1. Smart Complex in Functional Area 2a of the new Thu Thiem Urban Area, invested by Lotte Properties HCMC Ltd., Co.
2. 14.8-hectare land plot in An Phu Ward, Thu Duc City, as payment for the BT contract for the Long Thanh- Dau Giay Expressway’s parallel road project, invested by Nguyen Phuong Company.
3. The Observation Tower Complex in the Functional Area of the new Thu Thiem Urban Area, invested by the Joint Venture of Kings Empire – Empire City, Ltd., Co.
4. High-rise residential area in Phu My Ward, District 7, invested by Hung Loc Phat Real Estate Investment Joint Stock Company.
5. I-Home Commercial and Apartment Area at 359 Pham Van Chieu Street, Ward 14, Go Vap District.
The Observation Tower Complex in the Functional Area of the new Thu Thiem Urban Area is one of the five projects that Ho Chi Minh City aims to resolve obstacles for. (Image: Empire City)
These projects were proposed by the Department of Planning and Investment, the Department of Construction, the People’s Committee of Thu Duc City, and others, for the city’s attention. Resolving these five projects is expected to bring over VND 18,000 billion to the city’s budget.
Additionally, completing and constructing these projects will contribute to urban development according to the master plan, preventing land waste. It will also address the issuance of land use rights certificates and homeownership certificates for 498 cases of apartment purchases in the I-Home Commercial and Apartment Area, ensuring the legitimate rights and interests of the people.
Chairman Phan Van Mai assigned the Department of Planning and Investment as the focal point to continue reviewing, synthesizing, and grouping the obstacles and difficulties faced by these projects. The department will also monitor and evaluate the implementation of the Working Group’s conclusions, reporting to the Group for periodic meetings 1-2 times a month.
In May 2023, the Working Group for resolving obstacles and difficulties for investment projects in Ho Chi Minh City restructured its personnel. The Chairman of the Ho Chi Minh City People’s Committee was appointed as the head of the Working Group, and the Vice Chairman in charge of urban affairs was assigned as the deputy head. The Working Group’s members comprise heads of relevant departments and the Chairpeople of People’s Committees of districts and counties where the projects with obstacles are located.
Up to now, the Working Group has held ten sessions, considering and organizing meetings to resolve 33 projects. They have also directed units to review and handle 41 projects that do not meet the conditions for the right to use land for commercial housing development.
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