return icon

Hanoi pauses near 100 BT projects

82 build-transfer (BT) projects in Hanoi developed by real estate developers have been ordered to halt.

hanoi pauses near 100 bt projects
Hanoi pauses BT contract projects

Hanoi Department of Planning and Investment has just issued a document to block the development of 82 projects running under BT contracts, in accordance with the Law on Investment 2020 which has come into effect on January 1, 2021. All new BT contract projects that have yet to issue bidding documents and requirements, will be cancelled.

The Hanoi People's Committee has been warning developers of the coming halt since early-2021, saying that some of these projects will be developed through public investment.

Accordingly, two of these 82 projects that have already had their feasibility study approved but have not yet signed the BT contract are the project on repairing and upgrading the 7.5km Hadong-Van Dien section of Road 70 and the construction of the 21.6km Ba La-Xuan Mai section of National Highway No.6.

Besides these, 11 projects have received in-principle approval and are conducting feasibility studies. They are:

- Road 70 from Nhon to Thang Long Boulevard-Hadong (4.77km) developed by Thai An Real Estate JSC;

- Belt Road No.3.5 from Thuong Cat Bridge to National Highway No.32 (3.8km) developed by the joint venture of Gia Long and Thang Long Export-Import;

- The intersection of Belt Road  No.3.5 and Thang Long Boulevard developed by Him Lam Corporation;

- The road from Road 70B (Tu Khoat village) to the inter-village road of Phuong Nhi village, and the road from the west of Phap Van-Cau Gie Expressway to National Highway No.1A developed by Hoa Binh Investment and Development JSC;

- Wastewater collection system at Cau Bay river basin and Phuc Dong water treatment factory in Long Bien district, developed by Phu Dien Construction Investment and Trading JSC;

- Construction of three roads: Da Ton to Hanoi-Haiphong Expressway, Ecopark urban area to Road 179, and Nguyen Huy Nhuan Road to Bac Hung Hai River developed by Viet Hung Investment and Urban Development JSC;

- Mieu Mon-Huong Son Road (25.63km) developed by the joint venture of Hanoi General Export Import JSC (Geleximco) and Investment Constructure and Infrastructure Development Company (ICID);

- Dynamic drainage system in the southwest of Hadong district across the communes of Phu La, Phu Luong, Kien Hung, developed by Trung Viet Investment JSC;

- Two projects developed by city board managements.

The remaining 69 projects have yet to receive in-principle approval and would be developed by real estate giants like Sun Group, Geleximco, Hatexco, T&T Group, Eurowindow Holding, Bitexco, Him Lam Corporation, CapitaLand, CityLand Group, Tasco JSC, Nam Cuong Hanoi Group, Ceo Group, and Van Phu Invest.


HCMC to try reigniting delayed BT projects

HCMC to try reigniting delayed BT projects

Financial shortcomings of investors combined with the government’s failure to offer support are some of the reasons multiple BT infrastructure projects in HCMC are being delayed indefinitely, experts said. 


Sexual-assault victims choose to remain silent amid backlash on social media

Many travelers have told VietNamNet that they had been victims of sexual assault but later decided not to report their cases for fear of being ridiculed and blamed.

'South Korean street’ in HCM City deserted as business people leave

Amid business decline, some South Korean businessmen have gone bankrupt or shut down their business and left for their home country. It’s unclear if they will come back.

Foreign tech firms scale up operations in Vietnam

Molex, the world’s leading electronic component and connection device manufacturer, has announced a plan to expand its production facility in Hanoi with a total production area of 16,000 sq m.

Vietnam’s veggie, fruit imports from China surge

Vietnam spent some US$473 million importing vegetables and fruits from China between January and August, surging by 74% year-on-year and accounting for 38% of the country’s total veggie and fruit imports.

Legal move towards fair competition in pay TV market

A new decree on the use and management of broadcasting services aims to create an impartial playground between domestic and foreign pay TV service providers.

79 villas to be pulled down in Phu Quoc for construction violations

Authorities in Phu Quoc Island in the southern Kien Giang Province are removing 79 villas that were illegally built in Duong To Commune.

Vietnam needs large domestic shipping lines

The lack of domestic shipping firms has caused difficulties for export companies.

VN seeks ways to increase export of organic farm produce

The organic food market was expected to reach $437.36 billion by 2026 with a compounded annual growth rate of 14 per cent.

Twins survive after premature birth, weighing just 500g

The National Hospital of Obstetrics and Gynecology has for the first time successfully bred twins who were born at 25 weeks, each weighing just 500g.

Hanoi to spend $5.3 million to inspect old apartments

Hanoi plans to spend about VND128 billion (US$5.3 million) to appraise the quality of old apartments across the city this year.

Applying special mechanism, HCMC attracts 10 experts, scientists and talents

HCM City has issued a Resolution on the income level of experts and scientists for the fields the city needs to attract talents in the 2018-2022 period.

People should be cautious of 'easy job, high salary' in Cambodia

Nguyen Minh K., 24, of Ninh Thuan Province, still can't believe he was illegally sold to a casino in Cambodia.

25 Apple’s partners have factories set up in Vietnam

The number of Apple manufacturing partners setting up their factories in Vietnam has increased to 25 at present, four more than the 2020 figure, the tech giant said in its list of supply partners for the fiscal year 2021.


Hanoi inaugurates new road tunnel to address traffic congestion

Netlflix asked to remove "Little Women" for distorting history

The request was made by the Authority of Broadcasting and Electronic Information, under the Ministry of Information and Communications, according to Deputy Director General Le Quang Tu Do.