Directing ‘urgent’ with real estate projects with a scale of 2 hectares or more

The Ministry of Planning and Investment (MPI) has just sent a written request to the People’s Committees of the provinces and centrally-run cities to direct the investment registration agencies to review and evaluate the implementation of projects with investment capital. FDI in the area.

Accordingly, the subject of review belongs to projects with registered investment capital of 100 million USD or more; projects with a land area of ​​50 hectares or more.

Notably, projects in the field of real estate business in Hai Phong, Hanoi, Da Nang, Khanh Hoa, Ba Ria – Vung Tau, Ho Chi Minh City, which have a usable land area of ​​two hectares or more, are also subject to review and report. The review results are suggested to be sent to the Ministry of Planning and Investment before June 30, 2022.

The Ministry of Planning and Investment (MPI) directs the review and assessment of the implementation of real estate projects with a land area of ​​two hectares or more in Hai Phong, Hanoi, Da Nang, and Khanh Hoa. , Ba Ria – Vung Tau, Ho Chi Minh City before June 30, 2022.

Also according to the document, the Ministry of Planning and Investment requests the investment registration agencies to report to the status of capital contribution and disbursement of investment capital; the implementation of the objectives specified in the Investment License/Investment Certificate/Investment Registration Certificate; implementation of commitments on the project implementation schedule; the land use situation and the observance of regulations on land and construction; the observance of financial obligations to the state (taxes, fees, land rent, land use levy…); the employment situation and the observance of the Labor Law; compliance with environmental regulations and environmental assurance.

If there is a delay or the objectives specified in the Investment License/Investment Certificate/Investment Registration Certificate or other regulations have not been properly implemented, the Ministry of Planning and Investment proposes the The investment registration authority shall clearly state the actual situation and reasons.

In addition, the Ministry of Planning and Investment also asked the People’s Committees of central provinces and cities to direct investment registration agencies to summarize difficulties and problems of foreign-invested projects in the area. From there, propose solutions to remove difficulties and obstacles as well as propose amendments to laws and policies to speed up project implementation, focusing on two groups of projects:

The first is the group of projects facing difficulties and obstacles in the process of implementing investment activities (implementation of policies and procedures on investment, businesses, land, construction, labor, financial obligations, etc.). ..);

The second is that the project team does not deploy or is slow to implement, not following the committed schedule.

According to Lap Dong