Fri. Feb 3rd, 2023

Ho Chi Minh City’s authorities will take back licences granted to
48 projects which have less than 50 percent of their land site
cleared.

At a meeting on February 26 to hear opinions on
measures to deal with delayed projects, the Department of Natural
Resources and Environment said that 30 housing and 18 production and
trade projects will have their licenses revoked.

Delayed
projects in which more than 50 percent of their site has been cleared
will continue until this year end to complete implementation, the
department said.

Most district representatives agreed with the
measures, but some suggested the decisions should be based on the scale
of the delayed projects.

They also noted that many projects
have been delayed because of investors’ weak financial capacity, a
factor that will be difficult for districts to identify and assess.

District representatives petitioned the Department of Natural
Resources and Environment to cooperate with other relevant departments
to appraise investors’ financial capacities before deciding to revoke
delayed projects.

The department will propose to the City
People’s Committee detailed measures to deal with delayed projects by
the end of this quarter. The list of delayed projects will also be made
public, he said.-VNA

By vivian