8 real estate projects have been completely removed

According to Mr. Phan Van Mai, Chairman of the Ho Chi Minh City People's Committee, out of 64 real estate projects facing difficulties, 8 projects have been completely resolved, 20 projects have been partially resolved, and the rest are being focused on resolving.

Chairman of Ho Chi Minh City People's Committee: 8 real estate projects have been completely removed

According to Mr. Phan Van Mai, Chairman of the Ho Chi Minh City People's Committee, out of 64 real estate projects facing difficulties, 8 projects have been completely resolved, 20 projects have been partially resolved, and the rest are being focused on resolving.

On the afternoon of December 10, the 20th session of the 10th term Ho Chi Minh City People's Council entered a question and answer session with Chairman of the City People's Committee Phan Van Mai. At the beginning of the question and answer session, some delegates asked questions about the progress of removing obstacles for real estate projects and attracting foreign direct investment.

Ho Chi Minh City real estate has improved, although slowly.

According to Mr. Phan Van Mai, the real estate market in Ho Chi Minh City has improved. If in 2023 there was negative growth, by 2024 there has been a positive change, with positive growth, although still slow.

In the 11 months of 2024, 12 commercial housing projects were licensed. Thus, the City has new projects that have started construction and old projects that were suspended have restarted. Among them, there are some social housing projects, which is also a positive sign.

Regarding the work of removing obstacles, Mr. Mai acknowledged that the projects have many obstacles. These include obstacles in planning, land procedures, financial obligations, contractual relations, etc.

Chairman of Ho Chi Minh City People's Committee Phan Van Mai answers questions.

“Many times, the Director of the Department of Natural Resources and Environment reported to the City People's Council that there were up to 8 groups of problems, partly the responsibility of state agencies, partly the responsibility of investors,” he said.

According to Mr. Mai, the City is monitoring and resolving 64 projects. In 11 months, 8 projects have been completely resolved, 20 projects have been partially resolved, and the rest are still being resolved.

“We will focus on solving these problems and this will be one of the solutions to promote the real estate market,” Mr. Mai added.

In addition to resolving the problems, the City will continue to implement other solutions such as planning. The City is submitting for adjustment the general planning of Ho Chi Minh City, the general planning of Thu Duc City. After the general planning is approved, it will implement the zoning plan and deploy the work that will partially resolve the problems.

Regarding project licensing procedures, Mr. Mai said that the Department of Construction has recently researched and submitted a process to shorten real estate project procedures.

“I also suggested that the Department of Construction coordinate with other departments to implement the plan as quickly as possible, helping investors quickly deploy when the market recovers. In addition, we will also maintain a weekly meeting schedule to resolve the real estate market,” said Mr. Mai, while assessing that the real estate market in 2025 will be warmer and show more positive signs.

The largest industrial land fund for lease is just over 100 hectares

Regarding foreign investment attraction, despite a decline in 2024, Mr. Mai acknowledged that the City is still the largest foreign direct investment attraction in the country, and the City is still a favorite and chosen destination for foreign investors.

However, there are still some obstacles. First is the land of industrial parks, up to now the largest land fund is only over 100 hectares in the High-Tech Park, the rest are in other industrial parks but also encounter many obstacles.

“There is very little clean land available for immediate delivery to investors,” he said.

The Chairman of the City People's Committee said that he has worked with the Management Board of Export Processing Zones and Industrial Parks to review, and currently the City still has 1,129 hectares of land located in industrial parks that are being formed and are about to be completed.

Therefore, if these problems are resolved, there will be a large area of ​​industrial land to be allocated to investors.

In the coming time, on the one hand, existing export processing zones and industrial parks will be converted towards high technology and logistics services, on the other hand, new industrial parks will be developed according to the City's general planning.

In the immediate future, we will focus on completing the construction of Linh Xuan 2, Pham Van Hai 1, and Pham Van Hai 2 industrial parks. With these three areas, the city will have about 1,000 hectares.

In addition to preparing land infrastructure, the City will continue to improve the investment environment and investment procedures to be quick and easy, quickly resolving problems for investors.

Source: https://baodautu.vn/batdongsan/chu-tich-ubnd-tphcm-da-go-vuong-dut-diem-8-du-an-bat-dong-san-d232111.html