June 02, 2023 | 06:35 GMT+7

HCMC sets up taskforce to tackle difficulties in investment projects

Ban Mai -

Some 156 investments are facing legal obstacles.

The Ho Chi Minh City People’s Committee has decided to set up a taskforce to help address the difficulties and obstacles facing investment projects.

The 14-member group will be headed by Chairman of the city’s People’s Committee Phan Van Mai.

It will be responsible for taking measures to remove obstacles in the implementation of administrative procedures relating to investment projects, and review delayed projects to identify solutions to prevent waste of land or finances.

It will also review related regulations to deal with any shortcomings and overlaps in order to quicken construction progress.

There are 156 projects in the city in need of legal checks, according to the Ho Chi Minh City Real Estate Association, having been delayed due to obstacles relating to regulations.

The city targets addressing the legal obstacles facing 50 real estate projects by the end of this year.

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