Close-up of the billion-dollar super project 'suspended' for 17 years, Hanoi Chairman orders construction to start before September 2

TPO - The Hanoi Biotechnology High-Tech Park project, invested by Pacific Land Vietnam Co., Ltd., remains "on paper" after 17 years, becoming a place for local people to cultivate crops. The Chairman of the Hanoi People's Committee has requested that the project be started before September 2nd.

March 8, 2025 | 09:12

TPO - The Hanoi Biotechnology High-Tech Park project, invested by Pacific Land Vietnam Co., Ltd., remains "on paper" after 17 years, becoming a place for local people to cultivate crops. The Chairman of the Hanoi People's Committee has requested that the project be started before September 2nd.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 1)

The Hanoi Biotechnology High-Tech Park project boasts a prime location, situated on the 10-lane Tay Thang Long road, opposite the new administrative center of Bac Tu Liem district.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 2)

According to our research, the Hanoi Biotechnology High-Tech Park project received investment approval from the Prime Minister in 2007; the Hanoi People's Committee issued the initial investment certificate on March 12, 2008.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 3)

The project is located in Tay Tuu, Lien Mac, Minh Khai, Thuy Phuong, and Co Nhue 2 wards (Bac Tu Liem district) with a total land area of approximately 199.03 hectares. The project is invested by Pacific Land Vietnam Co., Ltd.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 4)

The total investment for the project is expected to exceed $1 billion USD. Of this, $250 million USD will be allocated to technical infrastructure, service facilities, high-rise apartments, and dormitories; and $800 million USD will be invested in laboratories, centers, research institutes, and universities. (Image: 3D rendering of the Hanoi Biotechnology High-Tech Park project.)

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 5)

However, after 17 years, the Hanoi Biotechnology High-Tech Park project remains "on paper," causing public outrage.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 6)

Regarding the project, on August 28, 2024, the Management Board adjusted the project implementation schedule.

On September 29, 2024, the Prime Minister issued Decision No. 1054/QD-TTg on the establishment of the Hanoi Biotechnology High-Tech Park.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 7)

According to the Hanoi People's Committee, the project's delay is due to several reasons. Specifically, after the adjustment of Hanoi's administrative boundaries (effective August 1, 2008), projects in the city, including the Hanoi Biotechnology High-Tech Park project, had to wait for the approval of the Capital City Master Plan and the Urban Subdivision Plan.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 8)

In addition, during the implementation process, some changes and inconsistencies in related legal regulations (Investment Law, Land Law, Urban Planning Law, Construction Law) have affected the project's progress.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 9)

From 2021 to the present, city leaders have paid special attention to directing, urging, and resolving difficulties to accelerate the progress of the project. For example, they have directed the resolution of difficulties regarding the preparation of the zoning plan for the Hanoi Biotechnology High-Tech Industrial Park, at a scale of 1/2000; the project to establish the Hanoi Biotechnology High-Tech Industrial Park; the reimbursement of land compensation funds that the state has advanced and will continue to advance for land compensation; and the adjustment of the project implementation schedule and land compensation work...

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 10)

To date, the project has essentially resolved the difficulties and obstacles regarding the legal basis and mechanisms, allowing for its continued implementation in the coming period.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 11)

At a recent meeting on the project's progress, Chairman of the Hanoi People's Committee Tran Sy Thanh noted that this project has been delayed for a long time. Therefore, resolving obstacles and accelerating the project's progress is an urgent requirement.

A closer look at the billion-dollar mega-project 'stalled' for 17 years: Hanoi Chairman orders groundbreaking before September 2nd (image 12)

Chairman Tran Sy Thanh requested relevant departments and agencies and the People's Committee of Bac Tu Liem district to focus on directing and striving to approve the zoning plan for the Hanoi Biotechnology High-Tech Industrial Park, at a scale of 1/2000, in March 2025; complete land clearance no later than August 2025 and commence construction before September 2, 2025.