Friday, April 26, 2024 5:16:42 AM - Markets open
VN-INDEX 1,204.97 -0.64/-0.05%
HNX-INDEX 227.57 -0.30/-0.13%
UPCOM-INDEX 88.33 -0.04/-0.05%
Hà Nội to crackdown on delayed projects
Vietnam News - 5/16/2018 9:56:26 AM
 (0 ratings. You must sign in to rate.)
The Hà Nội People’s Council has urged authorities of the two districts of Ba Vì and Hoài Đức in coordination with the city’s related agencies to intensify the inspection of long-delayed construction projects and revoke the credentials of those which are violating the Land Law.
 
Nguyễn Ngọc Tuấn, vice chairman of the municipal People’s Council who headed an inspection team in the two districts on Thursday, said that once violations were found, they should be reported immediately to the city’s People’s Committee for withdrawal.
 
He also asked the two districts to clarify the responsibilities of local authorities concerning land management violations.
 
The local authorities were requested to strengthen the information dissemination work so that people know about projects that are underway and can supervise them, ensuring the transparency.
 
Tuấn ordered concerned agencies to collect proposals from districts, review the land’s origin and submitted a report to the municipal People’s Committee on revoking violating projects which have been delayed for a long time and are causing public concern.
 
Over the past few years city authorities had conducted inspections, reclaimed land and handed it over to other investors if original investors were not capable. However, he admitted that many non-State Budget projects were behind schedule for various reasons.
 
According to Nguyễn Đình Dần, vice chairman of Ba Vì District’s People’ Committee, the district has five projects which haven’t been implemented due to obstacles in land clearance.
 
For example, nearly 204ha of land has been allocated for the first phase of Yên Kỳ Cemetery expansion project by the municipal People’s Committee since February 2011, but it has not yet begun construction as only 72ha of land has so far been cleared.
 
Regarding Tản Viên Luxury International Tourist Resort project, nearly 160ha has been cleared for the project but it failed to complete adjustments to the master plan. The district’s People’s Committee has proposed the city authority review the investor’s competence. If the investor was found not competent, the project would be handed over to others, he said.
 
Similar problems also occurred in Hoài Đức District. The district has 31 projects which use non-State budget investment. Despite the fact that land has been allocated for land clearance work, the projects have been delayed for a long time because of investors’ incompetence. — VNS
 
Read original article here
Newer News
19/04 Ministry requests Hà Nội to inspect rising prices of apartments
17/04 Real estate market has positive performances in Q1: VARS
05/04 Developers must verify with foreign homeowner's database before sales
28/03 Management of real estate brokers to be tightened
23/03 HCM City real estate market to recover in H2
23/03 Industrial real estate emerges out of storm
18/03 Lots of ground to cover to build 130,000 social housing units this year
12/03 Deputy PM urges resolving price manipulation for healthy real estate market
12/03 Limit set on interest rates of loans for social housing
21/02 Experts upbeat about real estate prospects
Older News
02/04 Banks begin tightening screws on property credit
27/03 Hanoi earns 349 million USD from land auctions
14/03 Property market expected to be stable in 2018
26/02 Vietnam’s property market expected to grow
06/02 Property market attracts 77.6 million USD in FDI in January
05/02 Market records more property sales in January
19/12 Hà Nội prepares land for developing resettlement apartments
08/12 Hanoi plans Hoa Lac as satellite town of 600,000 residents
28/04 Intellectual property key for firms
25/04 Association sees busier property market in Q2
 
Newsletter Signup
Top Stories
Businesses concerned about rising exchange rate pressure
Gold bar auction to be resumed after 11 years of suspension
PM Chính requires strengthened gold market management
Bank shareholders to receive high dividends, stock bonuses
Shares sustain gains on strong investor confidence
Market Update
Last updated at 3:05:00 PM
VN-INDEX 1,204.97 -0.64/-0.05%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.