Projects that are suspended for too long will be terminated and stopped?

On the morning of November 11, authorized by the Prime Minister, Minister of Finance Nguyen Van Thang presented the draft revised Investment Law.

The draft law stipulates many regulations to handle cases of project delays and slow progress (commonly known as suspended projects), and to resolve waste.

Regarding the suspension and termination of investment projects, the drafting agency proposed to amend and supplement Article 47 of the Investment Law 2020.

The drafting agency also added regulations on suspension of investment projects in case the investor fails to comply with the contents of the investment policy approval, investment registration certificate and has received a document from the investment registration agency on failure to comply with the contents of the investment policy approval, investment registration certificate, etc.

Projects that are suspended for too long will be terminated and stopped? - 1

Minister of Finance Nguyen Van Thang presents the report (Photo: Hong Phong).

The drafting agency also amended and supplemented Article 48 of the 2020 Investment Law to add provisions on the termination of investment project operations in cases where the economic organization has been dissolved but does not terminate operations, or does not transfer or transfer other ownership rights according to the law on investment projects.

According to the drafting agency, contents related to procedures for terminating investment projects facing difficulties and problems will continue to be studied, revised and perfected in the draft decree guiding the law.

According to the drafting agency, the amendment and supplement of this regulation is to ensure the legal basis for suspending and terminating investment projects, avoiding the situation where the project is delayed for too long and the State agency cannot terminate it.

The drafting agency also proposed to amend and supplement a number of articles of the Railway Law No. 95/2025/QH15 in the direction that for national and local railways, investors are allowed to extend the project's operating period according to the provisions of the law on investment.

In addition, in case the investor does not propose to extend the project's operating period, the investor shall transfer all assets formed from the project to the State after the project's operating period expires, and the State shall pay the investor according to the provisions of law.

Projects that are suspended for too long will be terminated and stopped? - 2

Chairman of the National Assembly 's Economic and Financial Committee Phan Van Mai (Photo: Hong Phong).

Examining this content, Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai said that according to the provisions of the current Investment Law and the draft amended Investment Law, the term of "investment projects with large investment capital but slow capital recovery" is 70 years.

However, the appraisal agency believes that due to the special nature of railway projects, many cases require a longer investment period to recover capital, and with private investment, the economic efficiency factor for investors is also raised.

Mr. Mai stated that there were opinions suggesting to study other handling methods besides transferring the project with compensation in case the investor is allowed to extend but does not propose an extension, ensuring harmony of interests of the State, people and investors.

Along with that, there are opinions suggesting to study the application to some special projects when permitted by competent authorities, not to apply to all projects.

Regarding this content, the examining body believes that the draft Law on Civil Aviation of Vietnam (replacement) also proposes to amend the same Point c Clause 3 Article 24 of the Law on Railways, but the proposal in the two draft laws is different in content. The examining body requests the Government to report and unify the proposed content.

Source: https://dantri.com.vn/kinh-doanh/du-an-trèo-qua-lau-se-bi-cham-dut-ngung-hoat-dong-20251111093840827.htm