Of the 287 projects, 60 projects were slow in putting land into use and asked for an extension of 24 months; 59 projects were slow in site clearance; 20 were slow in fulfilling their financial obligations; 76 had other violations; and others were slow for other reasons.

The People’s Committee assigned departments and district authorities to settle outstanding problems when dealing with violations of the Land Law, but the results have been unsatisfactory.

Many reasons have been cited, including inconsistent legal framework on land management, planning, investment and construction management. Some projects have been going slowly because the investors had to halt execution to wait for urban planning changes. Other projects had problems in site clearance as they could not reach agreements in compensation for site clearance.

The Hanoi People’s Council has asked the People’s Committee to set up an inter-sectional team to inspect and urge tax arrears collection from investment projects. The team will propose measures to deal with projects that violate the land law and do not fulfill financial obligations for a long time.

‘Pending’ projects can be seen in many inner city and suburban districts.

The project on a complex with a parking lot, health clinic, public services, shopping center and supermarket, and office for lease at land plots No B9/CC1, B9/CC3 and C3/HH, C3/CC1-1 in Nam Trung Yen Urban Area remains deserted.

The Government Inspectorate report about Deputy PM Truong Hoa Binh’s instruction showed the project was registered by Handico and Thuy Duong Group.

The former had 10 percent of capital, while the latter 90 percent. However, by the time of withdrawing from the joint name, Handico still had not contributed capital to the project.

Prior to that, in a report to the Deputy PM about projects, including the above, the Hanoi People’s Committee said the project had been slow in implementation for 11 years, thus causing waste of land resources. The project's violations were noted by the Inspection Committee of the City Party Committee, and the Hanoi Police Department.

“Under the current laws and the Hanoi People’s Council’s Resolution on handling projects slow in implementation, there is no legal basis that allows investors to continue to implement this project,” the Hanoi People’s Committee said.

The committee has asked the State to recall land plots, in accordance with the 2013 Land Law and the Law on Public Asset Use and Management. 

Thuan Phong

Land fever falls flat, prices fall

The Ministry of Construction said that the real estate market is under control and stable. Land prices have decreased by 10-20 percent.

HCM City official land-price remains unchanged

Official land prices (called the coefficient or K coefficient) in HCM City will remain unchanged this year amid the rising cost of goods and challenges facing the economy, effective from June 18, said HCM City's Vice Chair Le Hoa Binh.