HCMC – The Government has ordered HCMC to fully resolve 12 delayed projects under the city’s authority by January 2026 and to clarify legal obstacles at several major developments that remain unresolved.
The instruction was included in a notice issued by the Government Office, summarizing conclusions by Permanent Deputy Prime Minister Nguyen Hoa Binh after reviewing stalled and troubled projects in the city.
After its merger with Binh Duong and Ba Ria-Vung Tau provinces, HCMC still has 838 projects, works and land plots facing legal or procedural difficulties. The city has coordinated with ministries and agencies and identified initial handling measures for 670 projects, or about 80% of the total.
The deputy prime minister asked the city to identify the causes of delays for each project, with a focus on compliance with laws at different stages.
Four projects were singled out for further clarification. They include an office and hotel complex at 3C Ton Duc Thang Street, a residential project at 168 Phan Van Tri Street, the Nguyen Hue–Ho Tung Mau–Huynh Thuc Khang–Ngo Duc Ke block known as the Amigo project linked to the Truong My Lan case, and the first phase of the city’s tidal flood control project.
For the three real estate projects, HCMC was told to continue working with the Ministry of Public Security to clarify investigation results, determine whether criminal violations are involved and assess whether the projects are considered evidence in criminal cases. The findings will form the basis for resolving remaining issues.
For the VND10-trillion tidal flood control project, the deputy prime minister ordered the city to make payments to the investor in accordance with regulations, ensure balanced interests among parties and report the results to the Politburo.
The Government also required the city to complete the handling of 12 projects under its direct authority by January 2026.
On issues related to land price determination, land valuation for payment-in-kind under built-transfer contracts and recovery of additional payments, the Ministry of Finance and the Ministry of Agriculture and Environment were assigned to guide the city and report matters beyond their authority.
The deputy prime minister also asked the city to review projects with legal circumstances similar to those covered by the National Assembly’s Resolution 170 and propose appropriate mechanisms.
For unresolved built-transfer and built-operate-transfer projects, HCMC was instructed to coordinate with the Ministry of Finance and the State Bank of Vietnam to seek guidance and report to competent authorities, based on the principle of balanced benefits and shared risks between the state and investors.
The 12 projects that HCMC must resolve by January 2026 are:
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- Berjaya International University Urban Area in former Hoc Mon District
- Saigon Centre IV
- Saigon Centre V
- Saigon Sports City
- Road section connecting Pham Van Dong Boulevard to the Go Dua–National Highway 1 interchange in former Thu Duc City
- Tidal flooding mitigation project in HCMC (Phase 1)
- Saigon Plaza Joint Venture Company at 130 Ham Nghi Boulevard
- High-end apartment and office project at 11D Thi Sach Street
- 7/5 residential project by Asung Company
- Property at 275 Hung Vuong Street in former District 6
- Property at 140 Nguyen Thi Minh Khai Street in former District 3
- Property at 01 Ly Thai To Street in former District 10
