Hanoi requires public announcement of real estate projects subject to bidding

The Hanoi People's Committee has just issued Official Dispatch No. 4119/UBND-KTTH requesting units to increase access to credit capital, promote the development of the corporate bond and real estate markets effectively, safely, healthily and sustainably.

The Hanoi People's Committee assigned departments, branches, sectors, and localities to closely coordinate with the State Bank of Vietnam, Hanoi Branch, and credit institutions in the area to effectively implement solutions to improve access to credit capital for people and businesses, support businesses in developing production and business; strictly handle cases of law violations, causing insecurity, disorder, and social safety in the area; shorten the time to carry out procedures for real estate projects, especially procedures for selecting investors; establishing, appraising, and approving planning; appraising designs, granting construction permits, etc.

Notably, the Official Dispatch clearly stated that priority should be given to accelerating the progress of industrial real estate projects, social housing, and housing for workers. Resolutely not to let the situation of roundabout handling, avoidance, shirking of responsibility, delay, harassment, and negativity in handling administrative procedures affect the progress of real estate projects.

The City People's Committee also assigned the Department of Natural Resources and Environment to preside over and coordinate with the Department of Finance and relevant agencies to focus on resolving and immediately removing obstacles and delays in land allocation, land lease, and land price determination; and to be responsible to the Chairman of the City People's Committee if there are delays, negativity, waste, corruption, etc. affecting the progress of investment projects.

Assign the Department of Planning and Architecture to preside over and coordinate with relevant units to accelerate the establishment and approval of general plans, urban zoning plans, functional area plans, detailed plans for rural residential areas... as a basis for implementing effective, suitable, synchronous and modern real estate projects.

The Department of Planning and Investment is responsible for publicly announcing the List of real estate projects that must select investors through bidding so that businesses have full information, proactively research, and register to participate in investment in a public, transparent, equal, and competitive manner according to market rules.

The Department of Construction urgently and effectively implements the tasks specifically assigned in Decision No. 338/QD-TTg dated April 3, 2023 of the Prime Minister approving the Project "Investing in the construction of at least 1 million social housing apartments for low-income people and industrial park workers in the period 2021-2030" and the VND 120,000 billion credit program for projects to build social housing, housing for workers, renovate and rebuild apartment buildings.

In addition, continue to monitor, review, and update to advise the City People's Committee to consider and adjust the List of investment projects in the city to meet the conditions and criteria for preferential loans to develop social housing, workers' housing, and renovate and rebuild apartments.