New momentum of Sa Dec city "capital of thousands of flowers"

To make local tourism more attractive to tourists, Sa Dec city needs to develop high-class accommodation areas with international standard service quality.

In recent times, Sa Dec City (Dong Thap Province) has set a goal of developing the tourism industry to become more and more attractive to tourists, attracting investors to prioritize the construction of infrastructure, tourist areas, entertainment spots, etc. To affirm and enhance the position of the " city of thousands of flowers " on the tourism map of the Mekong Delta region, Sa Dec is in great need of high-class accommodation and international standard service quality.

"Kingdom" of trees and flowers in full bloom.

Realizing this potential and strength, Sao Mai Group has prepared for the investment plan "Sao Mai International Hotel Project" with a total investment capital of about 600 billion VND with a land use area of ​​13,079m2, located in Ward 2, Sa Dec City.

It is known that this project is expected to be built in a modern style with a scale of 17 floors and 1 basement, floor area of ​​about 43,665 m2, including 224 bedrooms from standard to luxury, wedding event center, restaurant, cafe, other service center...

The framework is "ironic" with objective reality

However, the Covid-19 pandemic broke out violently, spread widely and lasted for more than 3 years (2019-2021), causing the global economy to be caught up in the vortex of the fight against the pandemic, and therefore, all production, business and investment activities were stagnant, even completely frozen.

In 2022, most businesses are in the recovery phase after the heavy losses of the pandemic. But before they can recover, in 2023, the world economy in general and Vietnam in particular will face many fluctuations and difficulties leading to a decline in aggregate demand, high inflation, and political and financial instability.

Sao Mai International Hotel Project - investment capital up to 600 billion VND.

On the other hand, if in the past, legal documents related to construction, investment, and tax policies were approved, then after a short time, the regulations were changed, making them almost ineffective, forcing investors to wait or " start over".

In addition, the regulations on investment progress extension have not been specifically guided in the 2014 Investment Law and guiding documents; therefore, in the past, the application of the regulation "The total time for investment progress extension shall not exceed 24 months. In case of force majeure, the time to overcome the consequences of force majeure shall not be counted in the time for investment progress extension" according to Clause 3, Article 46 of the 2014 Investment Law is still problematic, inadequate, and inconsistent.

Next, to have all the different types of documents, papers, and licenses usually takes time, more than 1 year is fast. However, the limited framework of 24 months for investors to complete the entire process from paperwork - infrastructure construction - putting into operation a project of such scale poses many challenges.

Therefore, the above regulations on investment progress extension are not really suitable for practice, affecting the investment management of competent State agencies, reducing the efficiency of investment projects. Because of the above reasons, businesses have to "headache" amid the inadequacies of legal procedures.

The reasons from objective reality and the above force majeure situations, whether we want it or not, will affect the progress of project implementation, which is also a common concern of many businesses today.

Focus on "solving difficulties" and supporting businesses

Faced with the challenge of economic integration, investment regulations when applied in practice reveal limitations and are not suitable to the socio-economic development situation, which is inevitable. However, researching and exchanging investment regulations is the responsibility of every citizen to promptly propose amendments, supplements, and gradually perfect legal regulations on investment.

Tourism infrastructure has a breakthrough mission in the period 2021 - 2025.

In the future, Sao Mai Group hopes to coordinate with relevant parties and local authorities to "unblock" the "bottlenecks" in legal procedures to create favorable conditions for investors to speed up project operations in a flexible and effective manner. At the same time, the goal in 2024 is to continue investing in completing projects in strategic areas, including the " Sao Mai International Hotel Project " in Sa Dec.

Having a worthy property in a prime location, serving luxury accommodation will certainly be one of the important stepping stones, creating a "new momentum" to develop tourism, gradually becoming a key economic sector of the "capital of thousands of flowers" .

Source: https://baoquocte.vn/suc-bat-moi-cua-thanh-pho-sa-dec-thu-phu-nghin-hoa-280774.html