Land fund around Ring Road 4

So, how to effectively exploit this resource to avoid waste and create sustainable value for the city and its people?

Big opportunity, big challenge

Beltway 4 - Capital Region through Me Linh district is taking shape. Photo: Quang Thai

The investment project to build the Ring Road 4 - Hanoi Capital Region has a total length of more than 112.8km, of which 58.2km passes through Hanoi, and is identified as one of the key national traffic projects. Not only playing a strategic role in inter-regional connectivity, the route also opens up land funds along both sides, promising to create a strong "push" for urban and economic development.

According to preliminary statistics, the land fund adjacent to the route in 8 districts of Hanoi has an area of about 18,450 hectares. Of which, the area that can be exploited for urban development is up to 8,725 hectares. This is a "golden resource", promoting the socio-economic development of the area if exploited synchronously, systematically and in association with planning. However, without synchronous planning, the land fund along both sides of the route can become "lowlands", easily falling into a state of spontaneous, fragmented development or being wasted.

According to experts, the land fund around Ring Road 4 - Hanoi Capital Region can play a central role in forming modern satellite urban areas, ecological parks, green spaces to regulate the environment...

However, the allocation of land ratios for functions needs to be based on scientific research, thorough calculation, flexible adjustment mechanisms, suitable to market fluctuations, social development needs, and impacts of climate change...

Exploiting land fund in the vicinity of Ring Road 4 - Hanoi Capital Region is an important solution, creating capital for transport infrastructure, requiring careful survey and clearly defining the orientation of land use. If not systematic, it can lead to vague orientation, subjective application, waste of resources...

In particular, the organization of land use rights auctions also needs to change thinking, associated with criteria on financial capacity, planning ideas, ability to fulfill environmental commitments and contribute to the community.

According to many experts, investors should be considered as urban development partners, not simply land buyers. They are responsible for the investment project, the appearance, the quality of life of the whole area and the sustainable development of the city...

In addition, Vice President of the Hanoi Economic Science Association Le Anh Tuan noted that the surrounding land fund will be significantly affected when the administrative apparatus and urban model change towards merger and restructuring. If not calculated from the beginning, it will lead to overlapping planning, waste, inefficiency...

Put long-term interests first

To effectively exploit this land fund, according to Vice President of the Vietnam Urban Development Planning Association Dao Ngoc Nghiem, land fund exploitation needs to be closely linked to approved major plans, and at the same time requires a flexible adjustment mechanism to avoid falling into a passive position before market fluctuations and changes in administrative organization models and urban space.

Architect Tran Huy Anh, Standing Member of the Hanoi Architects Association, emphasized that the land fund around Ring Road 4 - Capital Region should be seen as a strategic resource, not just to create capital for short-term traffic infrastructure projects. It is expected that Hanoi will exploit about 8,725 hectares of urban land to earn 140,000 billion VND (equivalent to 5.4 billion USD) and this number will fluctuate when the project comes into operation.

The valuation of land in the vicinity needs to be supported by modern technology to ensure publicity, transparency and avoid loss. This land fund needs to be identified as a strategic reserve for the future of the capital, serving the needs of innovation, urban railways, river bridges, etc.

Hanoi needs to think holistically, put long-term benefits first, link spatial planning with sustainable development strategy; land allocation ratio for purposes: urban, services, trees, technical infrastructure needs to be carefully calculated, flexible according to development stages...

Beltway 4 - Capital Region through Thanh Oai district is being accelerated. Photo: Quang Thai

Hanoi is entering a new development phase, in which land planning for the area surrounding Ring Road 4 - Capital Region is not only about financial matters, but also ensuring a balance between economic development and environmental protection, improving the quality of life.

Many experts agree that, to avoid falling into the “trap” of rapid development, it is necessary to link land exploitation with approved planning, while prioritizing projects with high added value in terms of environment and society. This land fund also needs to be considered as a reserve space for development of new creative models, modern logistics, green park systems and regulated water surfaces, ensuring flood prevention, climate regulation, etc.

Effective use of land funds around Ring Road 4 helps the city create resources for infrastructure development, create a quality, civilized, sustainable living space and a place to balance economic growth, environmental protection, modern development, and preserve identity.

Head of the Department of Agriculture and Environment of Me Linh district, Tran Nguyen Ngoc: Creating motivation for Me Linh district to restructure its economy

Me Linh National Military Medical Center.jpg

Land fund along Ring Road 4 will be an important resource, creating motivation for Me Linh district to restructure its economy towards service - urban, gradually reducing the proportion of traditional agricultural production. Exploiting land fund around Ring Road 4 does not stop at the immediate financial problem but needs to be placed in a long-term vision, sustainable development for the community and living environment.

For agricultural land areas near Ring Road 4, we recommend that the city needs to have a flexible mechanism, allowing people to convert farming models to high-tech agriculture or combine the development of eco-tourism, agricultural experience services associated with landscape and ecosystem protection, helping people increase income, keeping the living environment green, clean and beautiful. Me Linh hopes that the city will continue to perfect the policy framework for land use along Ring Road 4, encouraging qualified investors to participate in projects so that Me Linh can become a bright spot of Hanoi in economic development...

Chairman of Hanoi Farmers' Association Pham Hai Hoa: Opportunity for farmers to develop local economy

The Ring Road 4 - Capital Region project opens up a strategic traffic axis, contributing to shaping a new development space for Hanoi, creating a large land fund with great economic potential. Therefore, Hanoi needs to have a systematic planning, balancing the goals of urban expansion, economic development and ensuring the rights and livelihoods of local people.

The city's determination to plan 40 urban subdivisions along Ring Road 4 is a clear and visionary strategy, but it still needs to reserve "land" for agriculture, specifically urban agriculture. This will be an important supplementary area for the core urban area, preserving the ecological landscape, meeting the demand for clean food, organic vegetables and fruits, flowers, ornamental plants, landscape services, and agricultural tourism. Ring Road 4 is not only a traffic route but also an opportunity for farmers to change their production model, access markets, and develop the local economy...

Mr. Ngo Doan Liem , Dong Mai ward , Ha Dong district: Use land fund synchronously and effectively

The opening of the Ring Road 4 will facilitate traffic, bring economic development opportunities, and improve the quality of life for people. However, in addition to exploiting land funds to increase revenue for the budget, what people who give up land want is a process of planning and using land funds in a synchronous, effective, and long-term vision.

The land fund on both sides of the road after completion will certainly have a strong added value. Therefore, instead of focusing on auction and recovery, it is necessary to focus on planning technical infrastructure, social infrastructure closely linked with existing residential areas, creating a unified, civilized urban space, avoiding fragmentation and lack of connection...

We hope that Hanoi city will soon review and resolve unfinished urban projects that have been behind schedule for many years around the Ring Road 4 area; at the same time, we also believe that the land fund around Ring Road 4 will improve the quality of life, helping local people benefit fairly...

Source: https://hanoimoi.vn/quy-dat-quanh-tuyen-duong-vanh-dai-4-vung-thu-do-lam-the-nao-de-su-dung-hieu-qua-700738.html