Making news

HCM City to facilitate investors in Thu Thiem

The Ho Chi Minh City authorities have asked for permission from the Prime Minister to create favourable conditions for investors in the city’s Thu Thiem new urban area in District 2 to ensure continued construction progress.
According to a recent Government Inspectorate report, assistance to investors was needed to ensure that they follow the adjustments suggested by the Inspectorate.
The projects in the area are behind schedule and incomplete due to land clearance problems, according to the city's People’s Committee.
In addition, adjustment of the project scale and total investment occurred during implementation, which has contributed to delays. 
The Committee has asked the PM, the State Audit agency and the Government Inspectorate to allow investors to make necessary adjustments. 
The Government Inspectorate in June inspected land planning and management as well as the construction of Thu Thiem new urban area project.
It said that the People’s Committee and agencies committed violations in land planning and land use management in the area.
The People’s Committee has been told to work with agencies and the Government Inspectorate to review any changes in the detailed plans of projects.
The Inspectorate has also asked the Prime Minister to require local authorities to take strong measures against those that are responsible for violations.
Nguyen Thanh Phong, chairman of the People’s Committee, said the city would quickly deal with the violations as pointed out by the Government Inspectorate. -VNS/VNP