HCMC’s investment working group removes obstacles facing 35 projects

On March 19, the HCMC government held a conference to review the working group’s performance after three years of establishment with the participation of local and foreign enterprises, the local media reported.

At the conference, Mai said that the obstacles are removed, the next phases of the 35 projects will be executed.

The working group has given instructions on the removal of obstacles for 92 projects, comprising 51 real estate projects, 21 traffic infrastructure projects, 18 social infrastructure projects and two others relating to production activities.

As for the remaining 57 projects, the competent agencies have directed specialized agencies to consult with the relevant ministries and agencies or asked for the prime minister’s directions to complete procedures to continue work on the projects.

In addition, the investment working group has received, classified and handled 108 proposals of enterprises and investors.

At the conference, the HCMC government granted investment certificates for eight projects with a total investment of over VND23.1 trillion and approved the investment in five projects with a combined investment of nearly VND15 trillion.

The city also granted the construction license for the Co Giang apartment building project in District 1 of Dat Viet Development JSC with an estimated investment of VND3 trillion.

The municipal government also handed over the Government’s resolution to Lotte Properties HCMC Co., Ltd, allowing it to execute the Thu Thiem Eco Smart City project costing VND20.1 trillion at the 2A functional area in the Thu Thiem New Urban Area in Thu Duc City.

The investment working group was established in 2017 by the HCMC government and led by municipal chairman Nguyen Thanh Phong. Its members are municipal vice chairmen and representatives of some departments and agencies.