How did Binh Dinh remove difficulties for FLC and Phat Dat projects?

Reporting on the results of the implementation of the Government's assigned tasks on a number of solutions to remove and promote the safe, healthy and sustainable development of the real estate market to the Government Office, the People's Committee of Binh Dinh province said that there were 42 real estate projects that were slow to be implemented or not yet implemented, and 26 projects that had resolved difficulties and problems of enterprises.

42 real estate projects are slow to implement or have not been implemented yet.

Data on the list of housing and real estate projects that have been approved for investment but have not been implemented or are slow to be implemented shows that, as of November 2023, Binh Dinh has 42 projects. Of these, there are 34 residential and urban area projects and 8 social housing projects.

For example, the Long Van 2 urban area project in Tran Quang Dieu ward, Quy Nhon city, with a scale of 36 hectares, of the consortium of Hano-Vid Real Estate JSC and Nam Quang Infrastructure Investment and Development JSC, is slow to be implemented due to difficulties in approving detailed planning because the plan has not been agreed upon.

The new urban area project north of Phu My Loc residential area along the old National Highway 1A and the new National Highway 1A; the Phuc Gia Tan residential area project... are slow to be implemented due to the lack of land allocation decisions, site clearance problems; and the implementation of related financial procedures such as m3 value and land use fees.

The Tra Quang Nam urban area project in Phu My town, Phu My district is slow to be implemented due to difficulties in developing a compensation and site clearance plan, waiting for the Prime Minister to approve the rice land conversion procedure.

The Binh Chuong Nam urban area project in Hoai Duc ward, Hoai Nhon town has not been implemented due to difficulties in developing a compensation and site clearance plan, and waiting for the Prime Minister to approve the rice land conversion procedure....

For social housing projects, for example, the PISICO social housing project is slow to implement due to problems with the construction design plan according to regulations for the 20% land fund for commercial business; unable to access support capital according to Decree No. 31 of the Government, investors have to borrow capital from commercial banks at high interest rates, which has increased construction costs, affecting the efficiency of the investor's project.

The social housing project in Bong Son ward, Hoai Nhon town is slow to be implemented due to difficulties in site clearance and difficulties in the implementation of low-rise townhouses.

The social housing project in area 1, Dong Da ward, Quy Nhon city is slow to progress due to difficulties in site clearance.

The implementation of the Maritime Social Housing Project in Binh Dinh is slow due to problems with the design plan according to regulations for the 20% land fund for commercial business....

26 projects are being cleared of obstacles

In the list of projects that have resolved difficulties and problems of enterprises, there is the Bac Ha Thanh Residential Area combined with urban renovation project, with a scale of more than 43 hectares, in Phuoc Thuan commune, Tuy Phuoc district of Phat Dat Real Estate Development Joint Stock Company.

The project encountered difficulties in site clearance and the Provincial People's Committee directed relevant agencies and units to urgently speed up the site clearance progress so that investors could implement the project.

Or at the Hoi Van Hot Spring Resort, Healthcare and Residential Area project, with a scale of more than 17.7 hectares, the joint venture of Truong Thanh Energy and Real Estate JSC - Dong Duong Thang Long Investment and Construction JSC also encountered difficulties in making a compensation and site clearance plan.

The People's Committee of Binh Dinh province has directed relevant agencies and units to urgently accelerate the progress of site clearance for investors to implement the project. Along with that, the People's Committee of the province has issued a decision to allocate land to the Company to implement the project.

The FLC Lux City Quy Nhon functional urban area project is facing difficulties and obstacles due to the investor's financial difficulties and lack of determination to speed up progress.

Accordingly, the Economic Zone Management Board held a meeting with departments, branches and representatives of investors. Thereby, it requested investors to seriously implement the remaining contents of the projects; collect recommendations, difficulties and problems and send them to the Economic Zone Management Board to coordinate with departments and branches to review and report to the Provincial People's Committee for direction on implementation.

The projects of NDT Urban Area - 1 West of National Highway 19 (new), NDT Urban Area - 2 West of National Highway 19 (new), Long Van Urban Area 3, Long Van Urban Area 4... encountered difficulties in converting rice fields and approving detailed planning because the plan has not been agreed upon.

Binh Dinh Provincial People's Committee has directed agencies to review and guide investors to establish detailed construction planning projects in accordance with...

A series of projects such as the Northeast Green Urban Area of ​​Dieu Tri (Tuy Phuoc district); Binh Chuong Nam Urban Area (Hoai Duc ward, Hoai Nhon town); Nhon Binh New Urban Area; Cam Van New Urban Area (Nhon Hung ward); Urban Area South of National Highway 19 in Phu Phong town (Tay Son district); Tra Quang Nam Urban Area (Phu My town, Phu My district) ... encountered difficulties in rice land conversion procedures and were also supported by the Provincial People's Committee to resolve them.