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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Sunday, April 27, 2025

Localities asked to report progress of large FDI projects

By Le Hoang

Must read

HCMC – The Ministry of Planning and Investment has requested localities to report the execution of large foreign direct investment (FDI) projects that need significant investment and use large land lots.

Projects with registered investments of US$100 million and above each and developed on land lots measuring at least 50 hectares each will be reviewed.

HCMC, Hanoi, Danang, Haiphong, Khanh Hoa and Ba Ria-Vung Tau must also report the progress of real estate FDI projects developed on land lots of two hectares and over each.

Agencies in charge of investment application approvals were asked to report the capital contribution and disbursement and the fulfillment of commitments in the investment certificates and those on the progress of projects.

The use of land and the compliance with regulations on land and construction, as well as the fulfillment of financial obligations, must also be reported.

The Ministry of Planning and Investment also asked localities to report the use of laborers and the compliance with Labor Law and regulations on environmental protection at these FDI projects.

Localities will summarize difficulties facing FDI projects and propose solutions or amendments to the law and policies to speed up the progress of the projects.

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