Hanoi requests to shorten the time for procedures for real estate projects

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

Departments, branches, sectors, and localities are assigned to closely coordinate with the State Bank of Vietnam, Hanoi Branch, and local credit institutions 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, etc.

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

Hà Nội yêu cầu rút ngắn thời gian làm thủ tục cho các dự án bất động sản - 1 — A real estate project in Hoang Mai district (Hanoi) has been "shelved" for many years without being implemented (Photo: Ha Phong).

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. The units focus on resolving and immediately removing obstacles and delays in land allocation, land lease, and land price determination. The parties are responsible to the Chairman of the City People's Committee if there are delays, negativity, waste, corruption... affecting the progress of investment projects.

The Department of Planning and Architecture is assigned to preside over and coordinate with relevant units to accelerate the establishment and approval of general plans, urban zoning plans, functional area plans... 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 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, the Hanoi People's Committee requested to continue monitoring, reviewing, and updating to advise the City People's Committee to consider and adjust the list of investment projects in the city that meet the conditions and criteria for preferential loans to develop social housing, workers' housing, and renovate and rebuild apartments.

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