Ho Chi Minh City Vows to Resolve 838 Stalled Projects

Ho Chi Minh City is determined to resolve 838 stalled projects and land plots, a move that has seen significant progress. Of these, 54 projects fall under central government authority, while the city directly manages 784.

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Never before has the speed of institutionalization been so fast, so timely.

City officials report that directives have been issued for all stalled projects, leading to the release of 17,000 hectares of land and the mobilization of over 206 trillion VND in social investment. According to Tran Van Bay, Vice Chairman of the City People's Committee, the speed of policy implementation has been unprecedented.

Central directives allow for the resolution of projects previously subject to inspection, audit, or court rulings, provided investors meet financial conditions and do not compromise national security. The Politburo also permits the simultaneous resolution of land and other project issues alongside accountability processes, a policy Bay describes as "very open-minded and suitable for the new context."

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For the sake of fairness, a civilized administrative culture, we cannot make businesses bear the fault caused by state agencies.

Inspections, which have covered 100 problematic projects, are viewed not as fault-finding but as a means to identify errors and apply appropriate resolution mechanisms. Bay stressed that businesses should not bear responsibility for errors made by state agencies, emphasizing fairness and administrative culture. The city also assesses investor capacity to prevent projects from becoming stalled again after resolution, aiming for genuine progress rather than exploitation of the policy.

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We join hands to resolve projects with the goal of moving the project forward, not to profit from this policy.