Unlocking Progress: Ho Chi Minh City Resolves Hurdles for 47 Real Estate Projects

The Ho Chi Minh City Department of Finance recently announced the resolution of bottlenecks for 47 real estate projects. These projects span various segments, including social housing, commercial housing, and high-end developments.

The primary obstacles were overlapping legal procedures, financial obligations related to land, construction permits, and planning approvals. Some projects had been stalled for years, causing significant losses for businesses and a shortage of supply in the market.

The Department of Finance stated that the city’s People’s Committee is directing relevant departments, agencies, and units to urgently address pending issues for projects, land plots, and properties (covering all investment forms: public, private, and PPP). This effort is facilitated through a special task force established under Decision No. 400/QĐ-UBND dated July 31, 2025. The principles, goals, and implementation plans are detailed in Plan No. 34/KH-UBND dated August 7, 2025, issued by the People’s Committee.

According to Plan No. 34/KH-TCT dated August 7, 2025, issued by the special task force, Section II.2 outlines criteria for categorizing projects, assigning tasks to task force members, and identifying lead agencies. It states: “As per Plan No. 7307/KH-UBND and Official Letter No. 7721/UBND-DA dated November 29, 2024, issued by the People’s Committee regarding the resolution of pending projects and properties.”

Pending projects and properties in the city are categorized into five groups: Group 1 (Type 1a: public investment projects; Type 1b: private investment projects); Group 2 (public assets); Group 3 (assets and projects invested by state-owned enterprises); Group 4 (Type 4a: projects under the Prime Minister’s Task Force 53; Type 4b: projects involved in inspections, investigations, prosecutions, or other legal proceedings); Group 5 (large, prime land plots reported in the media but not yet utilized).

In recent times, Ho Chi Minh City has organized multiple dialogues and direct meetings with businesses to review specific cases. Based on these discussions, departments have collaborated to address issues and report progress to the People’s Committee.

As a result, 47 projects facing prolonged difficulties, categorized under types 1b2, 1b5, 1b6, and 1b7 in the former Ho Chi Minh City area, have been resolved. These projects have a total registered investment capital of over 420.302 trillion VND and cover more than 25,858 hectares of land. Additionally, 30 private investment projects in the former Ba Ria – Vung Tau province have also been resolved.

However, many projects remain stalled. Dozens of other real estate projects are still under review, requiring time to complete legal documentation.

The Ho Chi Minh City People’s Committee has pledged to continue supporting businesses and promptly resolving issues while adhering to principles of transparency and preventing group interests or corruption.