Permanent Deputy Prime Minister Nguyen Hoa Binh: Ho Chi Minh City has removed many backlog projects.

According to Permanent Deputy Prime Minister Nguyen Hoa Binh, the fact that Ho Chi Minh City has been able to remove 80% of the backlog of projects will help bring projects into the economy, avoiding waste, which is a commendable result.

Permanent Deputy Prime Minister Nguyen Hoa Binh at a working session with the Ho Chi Minh City People's Committee - Photo: QUANG DINH

On the afternoon of December 9th, Deputy Prime Minister Nguyen Hoa Binh, Head of the Steering Committee for resolving difficulties and obstacles in stalled projects (Steering Committee 751), worked with the People's Committee of Ho Chi Minh City to hear about the results of handling difficult and problematic projects in Ho Chi Minh City and the preparations for the opening of the International Finance Center in Ho Chi Minh City.

Solving backlog projects, boosting the economy

Reporting on the results of resolving difficulties and obstacles in outstanding projects in the city, Vice Chairman of the People's Committee of Ho Chi Minh City, Tran Van Bay, said that based on the directives and guidance of central agencies, Ho Chi Minh City, after the merger, has included 838 outstanding projects and land plots under consideration for resolution.

To date, Ho Chi Minh City has coordinated with central agencies to resolve or organize meetings and provide guidance on resolving issues for 670 out of 838 projects (accounting for 80%), with a total investment of over 569,062 billion VND.

Regarding the 60 land-related projects under the jurisdiction of the central government, in 2025, central agencies urgently and actively coordinated with Ho Chi Minh City to resolve 31 out of 60 issues, achieving a rate of 51.6%.

Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc also proposed to the Deputy Prime Minister to allow Ho Chi Minh City to apply the principles of Conclusion 77-KL/TW to definitively resolve outstanding projects with legal status similar to those covered by inspection, audit, and court rulings.

At the same time, Decree 91/2025 is allowed to be applied to determine the time for calculating land prices for land funds paid to BT contract investors.

In addition, a matter of concern for many investors in the city is that for projects where the land use fees have been calculated and paid by the investors, if the competent authority concludes that the land price should be reassessed to collect additional fees, they should request the Government and the Ministry of Finance to consider the "error" factor in this case to calculate the amount to be collected from the investor in a reasonable manner... as exemplified by some typical projects such as Lotte.

Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc proposed several solutions to resolve outstanding projects - Photo: QUANG DINH

The state's mistakes are not held accountable by the investor.

Speaking at the meeting, Deputy Prime Minister Nguyen Hoa Binh stated that the policy of removing obstacles to stalled projects is a correct policy that brings many benefits to the economy.

According to the Deputy Prime Minister, there are 2,161 outstanding projects nationwide that need to be resolved. To date, localities have resolved 1,739 projects (81%), while the Government has directed that the remaining more than 420 projects be expedited.

"With the removal of obstacles and the implementation of 1,739 projects, we have injected 220,400 billion VND and over 6,100 hectares of land into the economy. Ho Chi Minh City has removed obstacles for 80% of the total 838 outstanding projects, bringing them into the economy and avoiding waste, which is a commendable result. However, the city needs to continue to accelerate the resolution of the remaining 20% ​​of projects," the Deputy Prime Minister instructed.

The Deputy Prime Minister stated that the Government is also continuing to review proposed solutions from ministries and localities to further resolve outstanding projects under the Government's jurisdiction. At the same time, it will propose amendments and additions to regulations related to the timing of land price determination, the "fault" factor in delays in collecting land use fees, etc.

"The resolution on the development of the private economy clearly states that laws unfavorable to businesses should not be applied retroactively, and if the fault lies with a state agency, the business cannot be held responsible..."

Both businesses and the government want the project to be implemented and operational to create jobs, pay taxes, and boost economic development…,” the Deputy Prime Minister emphasized.

The Deputy Prime Minister also directed the Ho Chi Minh City People's Committee to resolutely resolve the flood control BT project and the Phu My Bridge project as soon as possible. In addition, he instructed the Ministry of Public Security to promptly provide information on projects related to cases currently under its jurisdiction, so that Ho Chi Minh City has a basis for resolution.

On December 19, Ho Chi Minh City opened the International Financial Center.

At the meeting, Dr. Truong Minh Huy Vu, Director of the Ho Chi Minh City Institute for Development Research, reported to Deputy Prime Minister Nguyen Hoa Binh on the progress of the International Finance Center project, affirming that preparations are underway for its inauguration on December 19th.

Accordingly, the city has prepared the headquarters for the International Financial Centre (executive and supervisory bodies), divided into three phases.

Phase 1 headquarters will be located on the 6th floor of the building at 123 Truong Dinh Street. Phase 2 headquarters will be located at the building at 8 Nguyen Hue Street. This building is currently undergoing renovations and is expected to be completed before the Lunar New Year 2026. Phase 3 involves the construction of the completed International Finance Center in the Thu Thiem area.

The Deputy Prime Minister highly appreciated and welcomed the city's proactive spirit in preparing the conditions for the establishment of the International Financial Center. Notably, this included preparing the legal framework and operating regulations for the center; preparing the necessary facilities and infrastructure; and attracting 50 potential investors and partners for the center.

Source: https://ttbc-hcm.gov.vn/pho-thu-tuong-thuong-truc-nguyen-hoa-binh-tp-hcm-da-thao-go-duoc-nhieu-du-an-ton-dong-1020172.html