Hanoi has strict bidding regulations to screen investors.

Bidding to select investors for land-use projects in Hanoi has entered a new phase with stricter criteria to improve land use efficiency and ensure transparency.

Hanoi has strict bidding regulations to screen investors.

Bidding to select investors for land-use projects in Hanoi has entered a new phase with stricter criteria to improve land use efficiency and ensure transparency.

This is considered an important step to maximize land resources for socio-economic development, while limiting the situation of scattered and uncontrolled investment in urban planning and rural residential areas.

At the 21st Session (special session), the Hanoi People's Council passed a Resolution stipulating criteria for deciding on bidding to select investors for projects using land. Projects covered by the resolution include mixed-use urban areas and rural residential areas associated with synchronous infrastructure development.

Under the new regulations, to be eligible for bidding, a project must meet a series of important conditions. First of all, the project must be located in an area with a 1/2,000 zoning plan or an approved detailed plan. This ensures that the projects are consistent with the urban development strategy and district-level land use plan.

Bidding for land use projects helps the City mobilize financial resources from the private sector.

In addition, the project is not eligible for land use rights auction according to the provisions of the 2024 Land Law to clearly define forms of land exploitation and avoid overlap in management.

In addition, the scale criteria are also strictly set. For urban areas, the project must ensure synchronous infrastructure investment, with a minimum of one residential unit or more according to the planning or an area of ​​20 hectares or more if the construction planning does not clearly define the residential unit.

For rural residential areas, the project must have an approved detailed plan and must ensure synchronous infrastructure construction. The land plots participating in the bidding must also be on the list approved by the City People's Council.

Tightening bidding criteria is considered necessary to overcome the situation of many urban projects being abandoned or unfinished due to the financial capacity of investors not being guaranteed. Many planning experts commented that in the previous period, many urban area projects were licensed but implemented slowly or not as committed, leading to waste of land resources and affecting the overall planning of the City.

According to the review report of the Economic - Budget Committee of the City People's Council, passing this resolution will help Hanoi have more tools to screen investors, selecting only those units with sufficient capacity to implement projects on schedule and ensure quality. One of the highlights of the new regulation is the requirement that the project must be consistent with the housing development program and the urban development program.

The City People's Council also requested the City People's Committee to review and supplement additional contents related to the implementation process to ensure feasibility. According to the representative of the Hanoi Department of Justice, this resolution has been carefully assessed to ensure that it does not overlap with current legal regulations, especially the Law on Bidding and the 2024 Land Law.

One of the major challenges of the bidding process is to create conditions to attract investors while maintaining tight control to avoid speculation and inefficient land use. In the context of the real estate market showing signs of recovery but still fraught with risks, Hanoi needs a transparent, public and highly competitive mechanism in selecting investors.

According to economic experts, bidding for land use projects not only helps the City mobilize financial resources from the private sector but also contributes to the development of urban areas in a more sustainable direction. However, the implementation process requires close supervision to ensure that the criteria do not become excessive barriers, causing difficulties for truly capable businesses.

With a high approval rate, the Resolution of the Hanoi People's Council has officially taken effect, opening a new phase in the management and exploitation of urban land funds. Investors are closely monitoring these changes, as they will directly affect the development strategies of real estate businesses in the coming time.

Source: https://baodautu.vn/ha-noi-quy-dinh-dau-thau-chat-che-de-sang-loc-nha-dau-tu-d249308.html