Recently, the Government issued Decree No. 147, guiding the implementation of specific mechanisms and policies to resolve difficulties and obstacles for stalled and long-standing projects. This is an important legal leverage to resolve issues for thousands of projects, unlocking enormous resources that have been dormant for many years.
Currently, nearly 4,500 projects nationwide are facing obstacles, with a total investment exceeding 3.35 trillion VND. This is a significant figure, approximately three times the total public investment capital for this year. The main reasons stem from long-standing legal issues such as: selecting investors without competitive bidding, issuing land use certificates for the wrong land type, and land expropriation carried out without proper authority or procedures. If these resources are unlocked, it will be a crucial driving force contributing to economic growth.
Businesses have stated that, in the past, handling stalled projects has been subject to regulation by multiple laws simultaneously, including land, investment, and construction laws. Furthermore, projects that have dragged on for many years are even more difficult to implement due to constantly changing legal regulations over time.
Mr. Pham Duc Toan, General Director of EZ Real Estate Investment and Development Company, said: "Even when projects have been completed and investments finished, inspections and audits force us to start all over again. Some projects don't know what to do even though we've already been allocated land. I think resolving these issues is very good and timely, avoiding waste."
A notable point in Decree 147 is the very strict delineation of authority for project review to avoid overlapping responsibilities. For projects that have been granted land use rights certificates in violation of regulations, the Department of Construction or the Department of Planning and Architecture of the provinces and cities will play the leading role in assessing compliance with urban planning. Removing obstacles does not mean legalizing violations.
Mr. Nguyen Quoc Hiep, Chairman of GP.Invest Real Estate Investment and Development Company, stated: "Provincial authorities need to consider and evaluate which projects require action, which are genuine violations, and which are intentional violations that must be dealt with legally. However, there are also cases of mistakes due to legal shortcomings, not intentional violations; in my opinion, we need to differentiate them. We shouldn't treat them all the same."
For the housing market, having a specific mechanism to remove legal obstacles for stalled projects will help increase supply and reduce pressure on housing prices.
Ms. Hoang Nguyet Minh, General Director of Cushman & Wakefield Vietnam, shared: "The resolution of the project is another positive development for the market, ensuring that the market has broader price segments, instead of being concentrated only in the central core."
Businesses expect that the specific mechanisms in Decree 147 will soon be implemented decisively by localities. Once projects are resolved and restarted, cash flow will be unblocked. This is a crucial factor in helping businesses improve their financial capacity while reducing pressure on the banking system.
Source: https://vtv.vn/don-bay-phap-ly-thao-go-vuong-mac-cac-du-an-ton-dong-100260512111848994.htm
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